Fintech in Iraq: How Iraq is reshaping its financial future

  • Time: 2024/06/05 17:29:16
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Fintech in Iraq: How Iraq is reshaping its financial future

  

{Economic:Euphrates News} FinTech has become a major driver of innovation in the global banking sector, offering innovative solutions to facilitate and increase the efficiency of financial services.

In Iraq, banks began to adopt these technologies, which contributed to improving the customer experience and expanding the range of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend as a pillar of financial stability, by encouraging banks to adopt financial technology and provide a supportive regulatory environment for innovation.

Fintech has demonstrated its ability to promote financial inclusion in Iraq, as it can provide affordable and accessible financial services to broad segments of society, especially in remote and rural areas. Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, bill payments, and access to loans, without having to visit bank branches.

The Iraqi Deposit Insurance Company is working to promote the use of financial technology in Iraq, by cooperating with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and integrity of digital financial services, and to protect the rights of consumers.

https://alforatnews.iq/news/التكنولوجيا-المالية-في-العراق-كيف-يعيد-العراق-تشكيل-مستقبله-المالي؟