IMPACT OF FINANCIAL TECHNOLOGIES ADOPTION ON THE PERFORMANCE OF DOMESTIC SYSTEMICALLY IMPORTANT BANKS IN NIGERIA

Abstract

The purpose of this study is to investigate the impact of financial technologies adoption on the performance of domestic systemically important banks in Nigeria from 2015-2019. Data was extracted from the audited annual financial statements of domestic systemically important banks in Nigeria. The author adopted the panel regression to analyse data collected from the audited annual financial statements of domestic systemically important banks in Nigeria from 2015-2019. Findings shows that Automated Teller Machine, Point of Sale and mobile transfer/web increased the performance of domestic systemically important banks in Nigeria from 2015-2019. Furthermore, investments in financial technologies possessed a positive impact on performance of domestic systemically important banks in Nigeria for the period under review. Policy options and limitations of the study are proffered in the main text.