Prof. Dr. Haider Ali Al-Dulaimi College of Administrative Sciences Today, the world is witnessing a rapid race toward adopting artificial intelligence (AI) technologies across various economic sectors. The banking sector stands at the forefront of this transformation due to the innovative solutions AI offers in improving operational efficiency, enhancing the security of financial transactions, and elevating customer experiences. In Iraq, as efforts toward digital transformation and financial system modernization continue to grow, an important question emerges: Has artificial intelligence become the future of Iraqi banking? Artificial intelligence has become one of the most significant drivers of development in the global banking industry. Leading financial institutions rely on AI to automate operations, analyze big data, manage risks, and provide faster and more accurate banking services. Today, the success of banks is no longer measured solely by the size of their capital or the number of their branches, but also by their ability to leverage modern technologies to create added value for customers and strengthen their competitive advantage. In Iraq, AI technologies represent a genuine opportunity to advance the banking sector, particularly in light of the Central Bank of Iraq’s initiatives to support digital transformation, expand electronic payment systems, and promote financial inclusion. These technologies can contribute to improving banking performance, reducing operational costs, accelerating transaction processing, and ultimately enhancing the quality of services provided to individuals and businesses. Among the most significant applications capable of transforming Iraqi banks is the use of AI for the early detection of financial fraud and money laundering activities. By analyzing millions of banking transactions and identifying unusual patterns in real time, AI can significantly strengthen the security of the financial system and protect customers’ assets. Furthermore, AI can improve creditworthiness assessment by analyzing customer data more accurately and comprehensively, thereby supporting sound lending decisions and reducing the risk of default. In addition, intelligent virtual assistants (chatbots) can be utilized to respond to customer inquiries around the clock, provide technical support, and deliver banking services efficiently and promptly. This reduces waiting times, increases customer satisfaction, and allows employees to focus on tasks that require specialized human expertise. Despite these promising opportunities, the implementation of AI in Iraqi banks faces several challenges. These include the need to develop digital infrastructure, strengthen cybersecurity measures, establish accurate and integrated databases, and prepare banking professionals with the skills required to work effectively with AI applications. Moreover, there is a need to update legal frameworks and regulatory policies to ensure the safe and responsible use of these technologies, safeguard customer privacy, and enhance trust in digital services. The success of AI adoption in the Iraqi banking sector depends not only on acquiring advanced technologies but also on developing a comprehensive strategic vision that combines investment in technology, human resource development, regulatory and legislative modernization, and stronger collaboration between banks, universities, and research centers. Such efforts can contribute to building a more efficient, innovative, and resilient banking ecosystem. In conclusion, artificial intelligence is no longer merely a technological option for the future; it has become a strategic necessity for a banking sector seeking to keep pace with global transformations. Iraqi banks possess significant opportunities to leverage AI technologies to improve service quality, enhance competitiveness, support financial stability, and contribute effectively to sustainable economic development. The future of Iraqi banking will be more prosperous as banks succeed in embracing artificial intelligence as a partner in development and innovation rather than merely a technological tool.