Risk Management Compliance of Financial Technology Firms Operating in Jordan

Abstract

The expansion of the financial technology (FinTech) sector on a global scale necessitates the prioritization of risk management compliance by FinTech organizations. This prioritization is crucial in order to safeguard the stability, security, and integrity of their operational processes. The objective of this study is to examine the existing risk management strategies and compliance frameworks utilized by FinTech companies in Jordan. The investigation will concentrate on crucial domains including cybersecurity, data privacy, regulatory adherence, and operational risks. This study investigates the risk management compliance of fintech firms operating in Jordan. In order to obtain comprehensive insights, researchers employ a combination of quantitative and qualitative research approaches. The collection of primary data is accomplished by conducting organized surveys with representatives from FinTech firms, industry experts, and regulatory bodies. Secondary data is acquired through the utilization of pertinent publications, studies, and regulatory documents. The research findings presented in this study make a valuable contribution to the current knowledge base on compliance with risk management practices in the FinTech industry, particularly in the context of Jordan. The research findings will provide valuable insights for FinTech companies in Jordan to identify areas for improvement in their risk management systems and devise ways to boost compliance.