The Impact of Using Digital Technologies on Internal Control Systems in the Banking Sector

Analysis of the impact of digital technologies on internal control systems within the banking sector is an intricate endeavor in the contemporary business world. Additionally, there is a nexus between enhanced operational efficiency and the complexities introduced by technologies like Artificial Intelligence, blockchain, and the Internet of Things that impact business. While facilitating improved risk management and fraud prevention, the integration of these digital technologies concurrently instigates challenges in cybersecurity, data privacy, and regulatory compliance. The study employs a systematic review of literature to identify the opportunities and dilemmas presented by digital adoption in banking and offers a strategic framework that navigates through technological and regulatory landscapes, ensuring sustainability, security, and compliance amidst the digitalization of global financial landscapes.