The Impact of Financial Technology on Improving Internal Control from the Perspective of Internal Auditors in Jordanian Commercial Banks

Abstract

The study aimed to study the impact of financial technology on internal control in Jordanian commercial banks. The study was based on the variables of the control environment, risk assessment and monitoring. The study population consisted of internal auditors in Jordanian commercial banks. The study relied on the questionnaire to obtain primary information, so that 87 questionnaires were obtained from the study sample, valid for statistical analysis. The most important results of the study: There is a positive impact of the use of financial technology on the components of internal control, whether for the variables of the control environment, risk assessment, monitoring and supervision. Among its most important recommendations: The necessity of activating financial technology procedures within a legal framework through government legislation.