Khalid Faris Alomari, Mohammad Abu Zraiq
The FinTech explosion is changing how we do business in the financial industry, changing the way financial institutions utilize information technology audit processes. This paper looks at how the use of FinTech impacts the quality of IT auditing within Jordan’s Islamic banking sector and the influence of technology competency on this interaction. The FinTech technologies covered are as follows; mobile banking, AI, blockchain technology, cloud computing, Big Data analytics, and digital payment. A quantitative research method, using a structured questionnaire, was used to collect data from IT auditors and other individuals employed within the IT audit department of Jordan’s Islamic Banks. A total of 84 valid responses were analyzed using SmartPLS 4 to evaluate the relationships among FinTech The results of the analyses show a positive and significant relationship exists between FinTech and IT audit performance and that technology competency acts as a significant moderator on that relationship, improving auditor’s abilities to interpret and assess complex digital financial systems. This study contributes to the existing literature on FinTech and audit, by outlining the necessity for technological competency to enhance auditor’s efficiency. This study also provides a practical benefit for regulatory agencies and financial institutions, outlining the importance of continuing education and developing auditor’s technology competency for auditing and supporting IT audits in today’s digital world.