ABSTRACT
This study is intended to evaluate the impact of information technology in the
bank sector for a period of two years.
In the process of the research we shall discover how information technology
succeeded in the banking sector.
Information technology which deals with the role, the impact it play in the
banking sector so that the banking sector will have to be improve.
The policy aim at achieving some specific objective by influencing introducing
technology in the banking sector.
The objective of the study includes the following, to find out what and
direction all the technology used in the banking sector, the effect it has in
the banking sector, how successful it has in the banking sector, the aim of
introducing these instrument used within the period, another objective of the
study is to know, the instrument of information technology and know whether
they perform blow expectation who and what is responsible for it performance.
Methodology used in collecting data include only secondary source of data work
and the data was from the annual reports statistical data etc.
From the data collected the researcher found out what the various form of
information technology included the lese of online method computer, home
banking method, the researcher true value them to know the one that is more
effective, she also worked at the problem inability the of instruments which
were factors, like the absence of an effective frame work for supervising non
bank financial institution and checking leakage in the information system.
TABLE OF CONTENTS
CHAPTER ONE
1.0 Introduction
1.1 Background of the
Study
1.2 Statement of the
Problem
1.3 Objective of the
Study-
1.4 Hypothesis
1.5 Significance of the
Study
CHAPTER TWO
2.0 Literature
Review
2.1 History of Information
Technology
2.3 Integrated information technology
solution to banking
sector
CHAPTER THREE
3.0 Research, Design and
Methodology
3.1 Source of
Data
3.2 Location of
Data
3.3 Method of
Analysis
Reference
CHAPTER
FOUR
4.1 Summary of
Finding
4.2 Finding
CHAPTER FIVE
5.0 Recommendations and
Conclusion
5.1 Recommendation
5.2 Conclusion
Bibliography
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
In banking sector
information technology has opened up new opportunities for the Nigeria banking
sector to improve on their services the role of information technology has
grown and changed continuously in the banking sector. This explores the
socio-economic factors associated with the adoption use of ICTS by the banking
sector of a total of 54 socio-economic factors considered exactly 50% were
found to have significant influence on the adoption and success of ICT application
in the banking sector.
The banking industry has used IT to enable
increase in the volume of transaction as well as the development of new
products the use of information technology has changed from back office (check
and accounts) processing mortgage and loan application processing and the
electronic funds transfer to more strategic innovations such as automated
teller machines and new kind of securities the use of information technology
has also some important customer supplier effects for the customer of service
providers. It has been used to improve the quality and variety of services in
the banking sector.
1.2
STATEMENT OF THE PROBLEM
Many attempts being made
by the banking sector needs to go in order to become part of the financial
system. It is clear to all that in the process of adjusting the banking sector
to the conditions of the more competitive financial market the implementation
of state of the art information technology play a key role the modern
information system, which allow the banks to offer new and higher quality
services, as well as to better monitor and manage all their operations and
risk, will have to be adapted to the current environment of banking sector.
I will only give a few example where the problem
of IT in the banking sector.
The BNB has included in it’s regulations the
practice of treating bank on equal footing as an important prerequisite for the
providing level playing field in competition. In keeping with it’s mission and
reputation it will continue to support the process f introducing clear and
unified rules (standards) for collecting information on bank transaction from
commercial banks in order to limit the effect of the so called information
asymmetry in various areas.
The starting wave of take over and mergers among
banks also pose threat to information technology in the financial sector during
the accession period.
The challenge to information technology in the
transaction period in the uneven development of region. This creates the danger
of part of the population to be left outside the scope off adequate financial
services due to the weak incentives, the region of slow growth and lower level
of standard are characterized by lower profitability of financial service.
1.3
OBJECTIVES OF THE STUDY
It is necessary to state
the primary objective of the research having stated the problems in information
technology and economic objectives that they are expected in the banking
sector.
They are as follows:-
i.
This work is set out to investigate the major cause of information technology
in banking sector.
ii.
To investigate of the information technology is efficient or not in the
achievement of certain objectives of the banking sector in particular.
iii.
To see if the non-realization of the information technology objectives is due
to chosen instrument or in appropriate application of the instrument.
iv.
To recommend policy solution based on the finding.
v.
The policy recommendation based on the above finding will be used as a guide in
the further application of information technology.
1.4
SIGNIFICATION OF THE STTUDY
One of the most promising significances of this
study is that several banks today are using neural network programmes to detect
credit fraud. It is also being used by some leading investment bank to
track stock price patterns and predict their movements.
Also information technology in banking sector
has made it possible for home banking smart phones with screen built in moderns
and programmable microprocessors let the customer access a verity of financial
services from home.
Information technology in banking sector has
made possible for the use of electronic funds transfer at point of sale with
pay-now-buy-later and credit cards had ‘buy-now-pay-later’ advantage EFPOS or
debit cards signify ‘buy-now-pay-now’ but without cash transaction the user
present his ATM cards when he buys goods and the EFPOS system immediately,
debits his bank account.
Information technology helps in the banking
sector through the used of smart card the processor type smart cards with in
built integrated circuits or micro-chips offer a wide range of transaction
opportunities even from remote areas the smart cards are extensively being used
for employee ‘clocking in withdrawing cash from AT’, using pay-phones, payment
of various bill etc.
Also information technology in banking sector
has help through Electronic Data Inter-change (EDI). It is typically denotes
paperless financial transaction across the location. EDI is fast becoming the
norm for inter-company transaction and also for procurement of brought out
items from the suppliers. The companies can now operate to the bank computer.
Companies can thus carry out transaction like transferring funds, managing its
Scash flow opening letters of credit etc.
Department | Banking and Finance |
Project ID Code | BFN0094 |
Chapters | 5 Chapters |
No of Pages | 35 pages |
Methodology | Null |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2349067372103 |
Contact Us On | +2349094562208 |
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