The Impact of Cyber Governance on Financial Technology Implementation: The Mediating Role of Internal Control Effectiveness

The current study seeks to identify the impact of cyber governance on the implementation of financial technology, in addition to the mediating role of internal control effectiveness in Jordanian commercial banks using a descriptive-analytical approach to achieve the research objectives. A comprehensive survey method was employed encompassed all the Jordanian commercial banks listed on the Amman Stock Exchange (ASE), resulting in a sample size of 12 Jordanian banks. The designed questionnaire was distributed to employees at various management levels in the allJordanian commercial banks and analyzed using each of (SPSS) and the AMOS softwires. The study yielded several results, with the most significant being that there is a significant impact of cyber governance on the implementation of financial technology through the mediating role of internal control effectiveness. This finding indicates the positive influence of cyber governance on financial technology implementation, achieved through its direct impact on internal control effectiveness, which in turn affects the implementation of financial technology in Jordanian commercial banks. Key recommendations emphasize the necessity for Jordanian commercial banks to allocate necessary resources for the development and enhancement of cyber governance. This includes providing appropriate technology, training employees in information security and cyber threat recognition, and investing in advanced security and protection systems. Additionally, it is recommended for Jordanian commercial banks to pay greater attention to enhancing their internal control effectiveness. This can be achieved by defining and clarifying roles and responsibilities for employees within the bank, developing internal control policies and procedures to optimize financial technology usage, ensure operational safety and efficiency, protect financial information, and mitigate potential risks..