This research work aims on focusing on the importance of information technology on banking industries and economic development, with emergence of technology banking industries as tremendously improve in performance and be able to contribute to the development of the nation economy. The aims of this study is to examine the importance of information technology on banking industries and how it has enhanced the performance of banking sector.
Econometrics analysis was employed to differentiate between dependent variable (Y) and independent variables (X) and also to explain other macro economic variables in the study.
From the findings it shows that information technology play a significant role in developing the banking industries and giving an effective performance to the industries.
In conclusion information technology cannot be overstress in the banking industries and economy at large.
1.1 Introduction
In this section, the Relevance of Information Technology in the Banking Industry is discussed, with relevant and recent citations. As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the aim and objectives of the study. Others are significance of the study, scope of work, research hypothesis and questions, limitation of the study and definition of terms.