Ayman Mansour Khalaf Alkhazaleh
Financial technology is one of the fields that has recently appeared in the finance and banking sector, and it has become imperative for the concerned sectors in all countries of the world to keep pace with this development. While the debate is still going on about financial technology as an Intruder, unregulated sector, this study was conducted with the aim of identifying the concept of financial technology, its characteristics, fields, and development and what it has achieved from global investments. It also aimed to identify the reality of financial technology in the Arab world, and the most important emerging projects in this field, available opportunities and challenges. One of the most important findings of this study that financial technology is a sector newly established which it would provide all kinds of traditional financial services but in a different style and shape more sophisticated, speedy and accurate. It has also been concluded that the countries of the world have made great strides in this field despite its recentness, While the use of financial technology and its volume of transactions in the Arab world is still modest when compared to the developed countries in the world despite Development of the future strategies, electronic payment, and electronic commerce that Arab countries put in place for economic diversification make them encourage the establishment of financial technology in their economies. The Arab world should take advantage of the available opportunities and face the challenges facing the application of this technology, especially the development of modern regulatory legislation that would create a business environment that supports the economy in general.