Factors influencing FinTexh adoption: Evidence form Jordan

Abstract: In Jordan and many other developing nations, the financial technology (FinTech) sector is still a young one. This study looks at the variables influencing the adoption of FinTech and how it affects the banking business value. This study suggests a model that combines organizational and environmental factors from earlier studies with additional FinTech adoption-related aspects that have not yet been examined. Data collected from 89 financial managers, IT managers, and accounting department heads in several Jordanian banks were used to evaluate the FinTech adoption model and identify factors that are positively or adversely related to FinTech adoption. The most significant factors influencing the adoption of FinTech were found to be top management support, policies, organizational culture, and competitive pressure. Adoption of FinTech was also found to be positively correlated with business value. The findings will help bank management spread and employ FinTech more widely in Jordan.