The Impact of Information Technology on the Bank Performance (Nig...

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The Impact of Information Technology on the Bank Performance (Nigeria in Perspectives)

By | Feb. 2009
Page 1 of 6
THE IMPACT OF INFORMATION TECHNOLOGY ON THE BANK PERFORMANCE (NIGERIA IN PERSPECTIVES)

BY

HASSAN KAWU A
DEPARTMENT OF ACCOUNTING
NIGER STATE POLY BIDA CAMPUS

ABSTRACT
Some of the topical issues posing serious challenges to both the public and private sectors are advances in technology. The sector that has been most radically affected by these developments is the financial sectors. The information technology has become a critical business resource because its absence could result in poor decisions and ultimately business failure. In this regards, the writers intend to find out the impact of the information technology on the Bank performance. INTRODUCTION

Today, many banks in Nigeria has failed and liquidated as fraud and related financial crimes happens daily in our banks and financial institutions, because we still depend on ledger card and branch local network banking transactions while banking transaction is now a do it yourself affairs in the advanced countries through net work and on-line service provider. According to Odunfunwa, B. (2002) information technology is a body of tools, with the convergence of communication and computers. Goldberg (2002) describes information technology as series of machines, which can execute sequences of instructions. The sequence of instructions is a programmed made particularly flexible and not rigid and can be charged depending on the information being processed. The common wealth secretariat (1991) explains that the phrase “information technologies” used to encompass a range of new technologies and their applications, including all aspects of the use of computers, micro-electronic devices, satellite and communication technology. The above definition shows that communications technology is an aspect of information technology. Ehidiamen (2008) describe information technology as a complete apparatus for handling all aspect of information, which is...