Key Features:
- No of Pages: 103
- No of Chapters: 5
Introduction:
Abstract
This research essentially focused on the role of ICT in fraud detection in the Nigerian Banking industry. This research work was done through inferential statistics which helped the research to generalize and draw conclusion. The instrument of data used in the process of this research work was questionnaires approach which was subjected to analysis in tabular form. The target population for the research was the banking sector but the accessible population open to researcher was First Bank, Union Zenith, Access banks Anambra whose staff and customer formed the respondents from whom the information obtained were analyzed using X2 statistical tool. The result of revealed that new generation banks in Nigeria were more responsible to modern technology than the old generation banks whose methods of operation were resistant to changes. In addition to this development, the regulatory agencies were not helping matters over their supervising role relating to banking system. The monitory groups of the regulatory agencies were not effective, in the system, leading to flowing of roles and regulations put in place. The government should throw its weight in ensuring that the recapitalization exercise is consolidated by regular monitoring of the operations of the banks to ensure that they operate in line with international best practices.
Table of Content
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Introduction
Background Of The Study
Today’s business environment is very dynamic and under goes rapid changes as a result of technological innovation, increased awareness and demands from customers.
Business organization especially the banking industry of the 21st century operators in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate information and Communication Technology (ICT) is at the centre of this changes curve. Laudon and Laudon, (1991) contend that managers cannot ignore information system because they play a critical role in contemporary organization. That point that the entire cash flow of most fortune 500 companies is limited to information system.
The application of information and communication Technology concept, techniques, policies and implementation strategies of banking services has become a subject of fundamental importance and concerns to all banks and indeed a pre-reavisible for local and global competitiveness (ICT) directly affects how managers decides, how they plan and what products and services ware offered in the banking industry. It has continued to change the way banks and their corporate relationship are organized worldwide and the variety of inactive devices available to enhance the speed and quality of services delivery.
Harold and Jaff (1995), contend that financial services provide should modify their traditional operating practices to remain viable in the 1990’s and decades that follows. They claims the most significant shortcoming in the banking industry today is a wide spread failure on the part of senior management is banks to grasp the importance of technology and incorporate it into strategic plans accordingly.
Weherem (2000) claimed that only banks that over haul the whole of the payment and delivery systems and prosper in the new delivery system in order to properly position them within the framework of the dynamism of information and communication technology. The banking industry in Nigeria has witnessed tremendous changes linked with the development in ICT over the years.
The question for survival, global maintenance of existing market share sustainable development has made exploitation of advantages of ICT through the use of automated device imperative in the industry.
This study evaluate the response, of Nigeria banks to this new trend and examines the extent to which they have adopted innovative technologies in their operation and the resultant effects.
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