Saturday, January 4, 2020
Adoption of Information and Communication Technology (Ict)...
ADOPTION OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) IN THE BANKING SECTOR: SUCCESS OR FAILURE? Ukeh, Moses Ichongo Superlife Consulting, Makurdi 2013 Abstract Nigerian banking industry has become highly ICT-based and is reaping the benefits of technological revolution as evidenced by its application in most of its operations. The objective of this paper was to determine if the Nigerian banks have failed or succeeded in the adoption and use of ICT (see table 2.1). An evaluation of the adoption and use of ICT infrastructures from the periods between years 2000 to 2008 indicated steady growth. It is presumed that as of today, the Nigerian banks may have attained their ICT potentials in their operations, though with some†¦show more content†¦The increasing use of ICT has allowed for integration of different economic units in a spectacular way. This phenomenon is not only applicable to Nigeria but other economies of the world, though the level of their usage may differ. In Nigeria, ICT usage especially in the banking sector, has considerably improved, even though it may not have been as high as those observed for advanced countries (A deoti, 2005; Adeyemi, 2006). The use of ICT in the banking sector became of interest to this study due to the significant role it plays in the economy. It helps in stimulating economic growth by directing funds to economic agents that need them for productive activities. This function is very vital for any economy that intends to experience meaningful growth because it makes arrangements that bring borrowers and lenders of financial resource together and more efficiently too than if they had to relate directly with one another (Adam, 2005; Ojo, 2007). In essence, the banking sector acts as a bridge that connects lenders and investors in the economy. The bank reforms (especially the recapitalization that specifies a minimum capital base of 25 billion naira for commercial banks), are pursued with a view to making the sector realize its objectives in advancing the economy (CBN, 2006). It is expected that the impact of these reforms will be enhancedShow MoreRelatedImpact of Ict on the Performance of Banks. a Case Study of Barclays Bank Ghana17017 Words  | 69 Pagesimpact of ict on the performance of banks. A case study of Barclays Bank Ghana Table of Content Declaration i Abstract II Ackowledgement.............................................................................................................III Dedication.............................................................................................................................IV Table of Content v Preamble 7 CHAPTER 1 OVERVIEW OF THE IMPACT OF ICT ON BANKS 12 1.1 ElectronicRead MoreInformation and Communication Technology (Ict) and Banking Industry2384 Words  | 10 PagesISSN 2039†2117                 Mediterranean Journal of Social Sciences                  Vol. 2 (4) September 2011                   Information and Communication Technology (ICT) and Banking Industry Alawode, Ademola John+ Emmanuel Uche Kaka** * Department of Computer Science, Federal Polytechnic Ilaro, Ogun State, Nigeria ** First Bank Nigeria PLC, Ahoada Branch, Rivers State, Nigeria. Abstract Information and Communication Technology, the language of the new age and its grammar which is Science has become an indispensable andRead MoreThe Effect of Atm on the Operation of Commercial Banks in Nigeria5093 Words  | 21 Pages1 Information and Communication Technology (ICT) in Banking Operations in Nigeria – An Evaluation of Recent Experiences By Akinlolu Agboola Obafemi Awolowo University Ile-Ife, Nigeria Abstract The study is a comprehensive evaluation of the response of Nigerian banks to the adoption of ICT. Three categories of variables that relate to the adoption and implementation of information technology devices were used for the study. These include the nature and degree of adoption of innovative technologies;Read MoreThe Impact of Information and Communication Technology (Ict) on Profitability in the Nigeria Banking Industry: Focus on Some Selected Banks4006 Words  | 17 PagesTHE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON PROFITABILITY IN THE NIGERIA BANKING INDUSTRY: FOCUS ON SOME SELECTED BANKS BY AKOMBO TERSEER SIMON BSU/MS/MBA/09/3150 A SEMINAR PAPER PRESENTED TO THE DEPARTMENT OF BUSINESS MANAGEMENT, BENUE STATE UNIVERSITY, MAKURDI AUGUST, 2011 Abstract Commercial banksâ€â€assaulted by the pressures of globalization, competition from non-banking financial institutions, and volatile market dynamicsâ€â€are constantly seeking new ways to add value toRead MoreThe Role of Ict in Banking Operations13419 Words  | 54 PagesTHE ROLE OF ICT IN BANKING OPERATIONS CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Nigerian banking system has undergone remarkable changes over the years, in terms of the number of institutions, ownership structure, as well as depth and breadth of operations. These changes have been influenced largely by challenges posed by deregulation of the financial sector, globalization of operations, technological innovations and adoption of supervisory and prudential requirements that conformRead MoreThe Role of Internet in Globalisation1140 Words  | 5 PagesThe rapid growth in technology which ushered in the information age has become the basis for defining power in the modern societies. It is a widely accepted fact that no modern economy can thrive without an integral information technology and telecommunications infrastructure on board. One of the reasons why the Government of Rwanda adopted national ICT policy and Plan is to influence the spread of the internet as well as the ease of access to it. International connectivity de facto prices andRead MoreThe Impact of Information Technology on Banking Services (Case Study of Zenith International Bank Plc)12904 Words  | 52 PagesTHE IMPACT OF INFORMATION TECHNOLOGY ON BANKING SERVICES (A CASE STUDY OF ZENITH INTERNATIONAL BANK PLC) BY EBHOHON OLUWASEUN I MATRIC NO. 07/0527 ECONOMICS, BANKING AND FINANCE FACULTY OF MANAGEMENT AND SOCIAL SCIENCES BABCOCK UNIVERSITY ILISHAN-REMO OGUN STATE APRIL 2012 SUPERVISED BY: MR F.A.AKINTOLA i CERTIFICATION This research project, THE IMPACT OF INFORMATION TECHNOLOGY ON BANKING SERVICES (CASE STUDY OF ZENITH BANKRead MoreHow Technology Affects Consumer Behaviour?14761 Words  | 60 PagesISSN 1822-6515ISSN 1822-6515 EKONOMIKA IR VADYBA: 2009. 14ECONOMICS amp; MANAGEMENT: 2009. 14 IMPACT OF TECHNOLOGY ADOPTION ON CONSUMER BEHAVIOUR Elina Gaile-Sarkane Riga T echnical University, Latvia, elina.gaile-sarkane@rtu.lv Abstract Fast development of equipment and technologies, economic globalization and many other external circumstances stimulate the changes in consumer behavior. Usually consumer behavior has drawn upon theories developed in related fields of study of human behavior suchRead MoreEssay on Online Marketing in Sri Lanka3694 Words  | 15 Pages Online Marketing in Sri Lanka 1.     Introduction The development of online marketing in Sri Lanka is lagging behind when compared to developed countries. The adoption of online marketing is more than a technical issue. Country specific factors such as differences in culture and business environment are influencing the nature and type of appropriate IT solutions including online marketing. Therefore the marketing strategies must be suitable for the country to reach and communicate with theRead MoreIct and Ebusiness Retail Industry88499 Words  | 354 PagesICT and e-Business Impact in the Retail Industry Study report No. 04/2008 European Commission, DG Enterprise Industry e-Mail: entr-innov-ict-ebiz@ec.europa.eu, info@ebusiness-watch.org Impact Study No. 04/2008 ICT and e-Business Impact in the Retail Industry A Sectoral e-Business Watch study by empirica GmbH Final Report Version 4.0 September 2008 This report was prepared by empirica on behalf of the European Commission, Enterprise Industry Directorate General, in the context
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