<p>The rapid advancement of financial technology (FinTech) mandates a thorough investigation into its adverse effects, focusing on cyber risks and systemic vulnerabilities. This study aims to examine the impact of digital FinTech techniques, specifically artificial intelligence, big data, cloud computing, and blockchain technology, on cyber and systemic risks in Yemeni banks. Data for the study was collected through a questionnaire distributed to 332 respondents at the managerial level. The model’s constructs were validated using structural equation modeling with Partial Least Squares (PLS). The findings indicate that implementing digital FinTech techniques in banks significantly influences cyber risks. Among these techniques, blockchain technology has the most substantial impact on cyber risks, followed by big data technology. However, only blockchain technology affects systemic risks. This research is vital for professionals, individuals interested in FinTech development, and decision-makers who aim to manage the cyber and systemic risks associated with FinTech innovations.</p>