EFFECT OF COMPUTERIZATION ON EFFICIENT BANKING SERVICES IN NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
This research project work was undertaken with a purpose of determining and evaluation of the effect of computerizing banking service and its efficiency on the banking services in Nigeria. The effect of computerizing the banking services on the behavioural aspect of management information system are Aggression Avoidance and projection on the other hand, other operational pressures are maintaining the system; personal problems in the book-keeping department, maintaining book-keeping machines. Expanding volume of operation; need to accommodate the increasing volume, need to maintain or reduce cost. Unsatisfactory output; errors in terms of reports and statement delays in work processing. Needs or system change. The study has a library research and empirical study. Additional information were collected from journals bullions textbooks and newspapers etc. It was been clear to me from what I found out that computerizing banking services plays a very big positive effect on Nigeria Banking Services. It provide better information for commercial loan management improves the speed limit & accuracy of services to customers, and also provides necessary data input for advanced financial information systems.
1.1 BACKGROUND OF STUDY
The need for information is great and necessary in banking sector because of the nature of their business quick and accurate decision must be taken, like in the money market foreign exchange etc. Banks must react quickly to change the interest rate and volatile variable in their operation where as in the production industries, mistakes can be rectified and losses been minimized.
Millions of naira may be irretrievably lost in the banking industries as a result of wrong decision based on increase information, computer is employed prominently by Nigeria banks at all the three management operations, management control and strategies. Leading is the most important activity of banks.
The need for change as for effective use of computer lending office arose as a result of banks experiencing growing competition from officers lenders, funds available are thereby increase move costly time and savings with the result that the average cost of funds will be relatively higher, loans are becoming move complex and also great concern for the profitability of customer’s total bank relationship rather than profit derived from the use of specific service. The transformation process could be seen as the management process which has to be effective to ensure the feasibility of working on the set inputs to produce not only the service, but also to come up with reasonable profit for the shareholder and the public at large.