مساهمة شركات التكنولوجيا المالية في دعم الودائع المصرفية وانعكاسها في تعزيز السياسة النقدية دراسة تحليلية في كل من العراق وتركيا للمدة ( 2015-2017 )

Rp_The contribution of financial technology companies (FinTech) in supporting bank deposits and their reflection in strengthening monetary policy pdf

Abstract
The study aimed at identifying the growth trend of the deposits of the FinTech companies in Iraq and Turkey to determine the acceptability of these companies in both countries. FinTech offers the efficient and effective solutions in increasing access to more diversified financing options. Although banks have several advantages to emerging FinTech companies (such as customer confidence and close knowledge of the regulatory environment), they are slow to embrace the change that is appropriate to the rapid growth of the financial and technological sector. FinTech companies have gradually begun to bridge the gap by adopting solutions Innovative and customer-oriented digital. So this study started from the problem of whether these companies are supportive of commercial banks or competition? Are FinTech companies strengthening monetary policy tools by increasing the size of reserves at the central bank? Or is it hampering monetary stability?
This study was applied in Iraq and Turkey. The study used a set of statistical analyzes and tests using statistical software SPSSv.23, EXCEL and Amos. The study reached a number of conclusions, the most important of which are the availability of the necessary elements for the FinTech financial companies in Iraq, represented by the lack of bank accounts relative to the population ratio and weak competition in the financial technology sector, However, the results of the statistical analysis in Iraq showed the opposite relationship between the deposits of financial technology companies FinTech and the size of bank deposits and this is due to the reasons why most important government withdrawals of bank deposits during the study period . The study concludes with recommendations including the investment of the FinTech financial companies in the Iraqi environment and the formulation of instructions and laws set by the Monetary Authority to encourage the public to deal with companies approved by them