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Objective: This research aims to understand the reality of how Algerian banks operate in light of the rapid advancement of financial technology and the extent to which they have embraced the new trend based on financial technology, or what is known as "FINTECH," in payment systems, lending, and even investment. Theoretical Framework: Fintech has reached advanced stages, and traditional Algerian banks need to change the outdated conventional style they've been using due to technological changes in order to improve financial services. Method: In order to answer the questions asked and to take note of the various aspects of the subject, and to test the validity of the previously mentioned hypotheses, the analytical descriptive approach was relied upon to cover the theoretical aspect and to usestatistical side for analyzing the data and information included in the study. Results and Discussion: The study concluded that adopting financial technology is among the most important activities in the financial and banking system in Algeria, despite the limited range of financial services and products offered through its financial channels, which are still in their early stages. It has become essential to encourage digital banks and support institutions active in payment and financial services, which will have a positive impact on financial technologies as well as the banking system. Research Implications: This study identified the main obstacles that have prevented financial technology in the Algerian banking system from reaching advanced levels, along with the significant efforts made by the state to enhance Algerian banking services. Originality/Value: This study aims to highlight the banking sector in Algeria and its ability to keep up with the developments occurring in the field of financial technology.evidenced by explain how the results may impact the area of study or professional practice.
Naouel et al. (Wed,) studied this question.