Information and Communication Technology and Performance of the Banking Sector in Somalia. A Case Study of Dhahabshil Bank, Mogadishu Branch

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TABLE OF CONTENTS

DECLARATION ............................................................................................................................... ......... i

DEDICATION ................................................................................................................. ....................... iii

ACKNOWLEDGEMENTS ........ ................................................................................................................ iv

LIST OF FIGURES .................................................................................................................................. v

LIST OF FIGURES .......................................................................................................... ....................... vi

TABLE OF CONTENTS ................................. ........................................................................................ vii

ABSTRACT ............................................................................................................................................. x

CHAPTER ONE ....................................................................................................................................... 1

INTRODUCTION ............. ........................... ............................................................................................ 1

1.0 Introduction ......................................................................... ........................................................... 1

1.1 Background of the Study .......................................................................................... ................ ..... 1

1.1.1 Historical perspective ............................................................................................................ 1

1.1.2 Theoretical perspective ......................................................................................................... 2

1.1.3 Conceptual perspective ......................................................................... ................................ 3

1.1.4 Contextual perspective ............................................................... ........................................... 3

1.2 Problem Statement. ................................................................................................................... 4

1.3 purpose and main objective of the study ..................................................................................... 4

1.4 Specific Objectives of the Study .................................................................................................... 5

1.5 Research Questions ........................................................................................................................ 5

1.6 Scope ............................................................................................................................................... 5

1.6.1 Content Scope ...................................................................... ....................................................... 5

1.6.2 Geographical scope ..................................................................................................................... 5

1.6.3 Time scope . ....................................................... .......................................................................... 5

1.7 Significance of the study ................................................................................................................ 6

1.8 Conceptual frame work .................................................................................................................. 6

CHAPTER TWO ............................................................................................................ .' ......................... 7

LITERATURE REVIEW ................. ................... ....... ................................... ............................................. 7

2.0 Introduction .................... ........................................................... ................. ...... : ......................... 7

vii

- - --~- ---- -------------

2.1 Effect of information communication technology on the performance of the Financial

Institutions ................................................................................................................. ..................... ... 7

2.2 Challenge encountered in administering Information Technology in banking sector ......... 11

2.3 Strategies for addressing the challenges of ICT in banking sector ....... ...................... ......... 13

2.3.1 The competition .............................................. ............ ........................................... ................ 13

2.3.2 Technology Assessment. ........................................................................................................ 13

2.3.3 Telecommunication Infrastructure ....................................................................................... 13

2.3.4 Organisation Performance ........................................... 00 ........ ... . ......... ............. .. . ............ ...... 15

2.3.5 Measures of Performance ..................................................................................................... 15

2.4 Conclusion ................................................................................................................. ................ 16

CHAPTER THREE ........................................................................................................................... ...... 18

RESEARCH METHODOLOGY .......................... ..................................................................................... 18

3.0 Introduction ..................................................................... 00 ........... . . . .. ......... ... 00 .. ....... . ........ oo • •••• 18

3.1 Research design ............... ......................................................................................................... 18

3.2 Research population ................................................................................................................. 18

3.2.1 Sample population ................................................................................................................. 18

3.2.2 Sample Techniques ..................... oo .. ooOOOOOooooooo .. ....... .............. .. ...... . ..... .. . ........................ ....... . 20

3.3 Data collection Instruments ............................................................. 00 ...... ............. oo ............... .. 20

3.3.1 Questionnaires ....................................................................................................................... 20

3.4 Sources of data ......................................................................................................................... 20

3.4.1 Primary data ......................... 00 .............................................. .. . .............................. 00 . .... . 00 ...... 21

3.4.2 Secondary data ...................................................................................................................... 21

3.5 Research procedure . ............................................................................... 00 . .. . .... . ........ . ...... ..... . . 21

3.6 Validity and reliability of data ..................... 00 .. ..................... .. ....... . .............. ... ....... .................. 21

3.7 Data processing .and analysis ........................................................................................ .. 00 .... .. 22

3.8 Ethical consideration .......................................................................................... 00 ......... . .......... 22

3.9 Limitations and De-limitations of the Study ...................................................................... 00 ... 22

CHAPTER FOUR ................................ oo . ........ 00 ••••••••••••••••••••••• oo ............... oo ............ oo .... . . ...... . ... . ............. 23

PRESENTATION, INTERPRETATION AND ANALYSIS OF FINDINGS ................. 00 .. ........... .. ....... 00 ... 23

4.0 Introduction ........ 00 • •• oo ..... . oo .. .......... .. ........................... oo .... oo ... oo .. oo .... . .. ............... : .. .......... . .... .. ... 23 0 '

4.1 Demographic Characteristics ................... oo ... . . . . oo ... . oo .. oo .... oo ........ .... .............. ...................... ..... 23

viii

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4.1.1 Gender of respondents ......................................................................................................... 23

4.1.2 Age of respondents ............................................................................................................... 24

4.2 Effects of information technology on the performance of financial institutions .................. 28

4.3 Challenges encountered in administering information t echnology at Dahabshiil bank,

Mogadishu branch ........................................................................................................................... 33

4.4 Strategies that can be adopted to address the challenges to information technology at

Dahabshiil bank, Mogadishu branch .............................................................................................. 36

CHAPTER FIVE .................................................................................................................................... 40

SUMMARY, CONCLUSION, RECOMMENDATIONS AND .................................................................... 40

AREAS OF FURTHER STUDY .............................................................................................................. 40

5.0 Introduction ....... ....... ........................................................................ ........................................ 40

5.1 Summary of the Key findings .................................................................................................. 40

5.2 Conclusion .................................................................................................................................. 41

5.3 Recommendations .. .............................. .................................................................................... 42

5.4 Areas for Further Research ................................. ........ ............................................................. 43

REFERENCES ....................................................................................................................................... 44

APPENDICES ........................................................................................................................................ 46

Appendix 1: Research Instrument, Questionnaire .................................... ...................................... 46

APPENDIX 2: Ghant Chart showing the Time Frame .................................................... ........................ 50

APPENDIX 3: BUDGET ......................................................................................

ABSTRACT The study was intended to conduct an assessment on the impact of information technology on the performance of financial institutions: a case study of Dahabshiil bank, Mogadishu branch. The study was justified by the need to identify and provide mechanisms for effective operation of banking sector that use information technology. The study explored the background information of the study that gave an insight on the prevalence of the situation that led to establishment of the background of Dahabshiil bank; it was guided by three objectives that included assessing the effect of information technology on performance of the financial institution, assessing the challenges encountered there in and finally establishing the strategies to enable the use of technology in financial institutions. The research that was conducted for 3 months that is to say from October to December 2014 at Dahabshiil bank it"J Mogadishu, with the aim of providing information to guide in the use of technology and the researcher's fulfillment of academic award. Data collection involved 50 respondents that included the management, customer consultants, IT specialists and business bankers who were engaged using a questionnaire, the study conducted involved use of qualitative and quantitative data approaches that identified some key emerging issues such as the prevalence of intense challenges in technology. The key findings were that a reasonable number of respondents agreed that the use of information technology at higher stakes improve the performance of Dahabshiil bank Mogadishu branch though faced with a series of challenges that included high technology cost, Network fluctuations, fraud, loss of confidentiality, limited awareness by customers on technology use. This prompted the researcher to make the recommendations. The need to invest more in information technology, reduce errors associated with the use of information technology, extension of technology enabled services in rural areas and extend its prevalence through educating customers on its use, adoption of latest technology and be strengthened both in skills capacities and technology that was intended to enhance the performance of not only Dahabshiil bank, Mogadishu branch but the entire institutions that deal in finance.

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APA

Frontiers, E. & HUSSEIN, F (2022). Information and Communication Technology and Performance of the Banking Sector in Somalia. A Case Study of Dhahabshil Bank, Mogadishu Branch. Afribary. Retrieved from https://afribary.com/works/information-and-communication-technology-and-performance-of-the-banking-sector-in-somalia-a-case-study-of-dhahabshil-bank-mogadishu-branch

MLA 8th

Frontiers, Edu, and FAISAL HUSSEIN "Information and Communication Technology and Performance of the Banking Sector in Somalia. A Case Study of Dhahabshil Bank, Mogadishu Branch" Afribary. Afribary, 20 Aug. 2022, https://afribary.com/works/information-and-communication-technology-and-performance-of-the-banking-sector-in-somalia-a-case-study-of-dhahabshil-bank-mogadishu-branch. Accessed 02 Oct. 2022.

MLA7

Frontiers, Edu, and FAISAL HUSSEIN . "Information and Communication Technology and Performance of the Banking Sector in Somalia. A Case Study of Dhahabshil Bank, Mogadishu Branch". Afribary, Afribary, 20 Aug. 2022. Web. 02 Oct. 2022. < https://afribary.com/works/information-and-communication-technology-and-performance-of-the-banking-sector-in-somalia-a-case-study-of-dhahabshil-bank-mogadishu-branch >.

Chicago

Frontiers, Edu and HUSSEIN, FAISAL . "Information and Communication Technology and Performance of the Banking Sector in Somalia. A Case Study of Dhahabshil Bank, Mogadishu Branch" Afribary (2022). Accessed October 02, 2022. https://afribary.com/works/information-and-communication-technology-and-performance-of-the-banking-sector-in-somalia-a-case-study-of-dhahabshil-bank-mogadishu-branch