As Financial Technology (Fintech) continues to evolve rapidly, financial institutions recognise the need to integrate innovative solutions to enhance their risk management strategies. This acknowledgement stems from the potential benefits that Fintech offers in mitigating financial risks. However, despite this growing recognition, empirical research, particularly in emerging markets such as Jordan, remains scarce. To this end, this study aims to evaluate how Fintech applications impact the enhancement of financial risk management practices in Jordan. A questionnaire survey was developed and administered to 11 financial risk experts in Jordan to assess the effects of Fintech adoption on financial risk management. Participants evaluated the potential of Fintech applications, such as digital lending and credit, mobile banking, mobile payments, cryptocurrency, blockchain, and online trading, to improve financial risk management practices. The study findings indicate a perceived positive impact of Fintech adoption on enhancing the efficacy of financial risk management practices in Jordan. This study significantly contributes to the literature by shedding light on the positive impact of Fintech adoption on financial risk management, particularly in emerging markets like Jordan. Moreover, this study has important implications for policymakers, regulators, and banking practitioners, highlighting the importance of creating an enabling environment for Fintech adoption to address financial risks proactively.