The Study was meant to investigate the effects of modem technology on the level of employment
in financial institutions. The study was guided by the following Objectives; to find out the effects
of modern technology on the level of employment opportunities in financial institutions, to find
out the challenges facing modem technology in financial institutions in relation to employment
opportunities, and to find out possible solutions to the challenges faced by modern technology in
financial institutions.
The study employed the cross-section design in which both the quantitative and qualitative
techniques were used. Stratified and simple random sampling methods were used to locate 35
respondents that were considered during the study. Questionnaires were used to generate
information from the respondents.
The study findings revealed that modern technology leads to massive displacement of workers in
financial institutions, it was also revealed that as modern technology changes, it causes a feeling
of insecurity at work, indivisibilities at work, and that it makes jobs obscenest. However, on the
other hand it was also revealed that modern technology reduces the level of illiteracy in financial
institutions and makes people compete for more advanced technology jobs. Challenges facing
modem technology in financial institutions in relation to employment opportunities and possible
solutions were established.
Conclusively, it was found out that through liberalization of the economy and privatization of
government owned financial institutions, facilitation of exchange of foreign currencies, getting
involved in management of some schools by financial institutions, use of later adopter
opportunities, putting up a law that accommodates electronic contracts and signatures and
reduction in taxes by the govemment, financial institutions can be in position to create more
employment opp01tunities for more people in financial institutions as demanded by the
uncontrolled speed at which modern technology is moving.
Research, A. & IVAN, M (2021). The Effects Of Modern Technology On The Level Of Employment Opportunities In Financial Institutions: A Case Study Of Equity Bank (Eqty) Katwe Branchmakindye Divisionkampala District. Afribary. Retrieved from https://afribary.com/works/the-effects-of-modern-technology-on-the-level-of-employment-opportunities-in-financial-institutions-a-case-study-of-equity-bank-eqty-katwe-branchmakindye-divisionkampala-district
Research, AfroAsia, and MAGEMBE IVAN "The Effects Of Modern Technology On The Level Of Employment Opportunities In Financial Institutions: A Case Study Of Equity Bank (Eqty) Katwe Branchmakindye Divisionkampala District" Afribary. Afribary, 12 Jun. 2021, https://afribary.com/works/the-effects-of-modern-technology-on-the-level-of-employment-opportunities-in-financial-institutions-a-case-study-of-equity-bank-eqty-katwe-branchmakindye-divisionkampala-district. Accessed 02 Jul. 2022.
Research, AfroAsia, and MAGEMBE IVAN . "The Effects Of Modern Technology On The Level Of Employment Opportunities In Financial Institutions: A Case Study Of Equity Bank (Eqty) Katwe Branchmakindye Divisionkampala District". Afribary, Afribary, 12 Jun. 2021. Web. 02 Jul. 2022. < https://afribary.com/works/the-effects-of-modern-technology-on-the-level-of-employment-opportunities-in-financial-institutions-a-case-study-of-equity-bank-eqty-katwe-branchmakindye-divisionkampala-district >.
Research, AfroAsia and IVAN, MAGEMBE . "The Effects Of Modern Technology On The Level Of Employment Opportunities In Financial Institutions: A Case Study Of Equity Bank (Eqty) Katwe Branchmakindye Divisionkampala District" Afribary (2021). Accessed July 02, 2022. https://afribary.com/works/the-effects-of-modern-technology-on-the-level-of-employment-opportunities-in-financial-institutions-a-case-study-of-equity-bank-eqty-katwe-branchmakindye-divisionkampala-district