NEO-Banks in Iraq: Success Factors and Reality

EasyChair Preprint 15989

Abstract

Rapid historical growth in Iraq after 2003 caused many economic and political components to undergo radical change. In terms of its effects on the economy and the banking sector in particular, the political system changes in Iraq after 2003 were a significant factor. This was even though the sector had experienced several changes in the years leading up to the change, including monetary and financial policies and the Central Bank's independence, which had contributed to the expansion of the banking sector. These events and shifts led to the adoption of numerous technologies and modern techniques, especially in the banking sector; nowadays, Iraq is adopting and shifting the banking services into digital ones, also called (NEO-Banks). Hence, this study aims to research the primary services provided by the neo-banks and the factors leading to their successful adoption. This study researched the effect of Economic factors, Age factors, and Trust. The study results show a significant impact of the independent variables on the successful adoption of neo-banks.

Keyphrases: Digital banks, Economic factors, Iraq, Trust, application and success, banking system, iraqi payments system

@booklet{EasyChair:15989,
  author    = {Sura Naufel Bahjat and Zainab Hameed Gatea},
  title     = {NEO-Banks in Iraq: Success Factors and Reality},
  howpublished = {EasyChair Preprint 15989},
  year      = {EasyChair, 2025}}