FINANCIAL TECHNOLOGY (FINTECH) ADOPTION AND FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA

Odidi C. Onuselogu; Umar Halidu Ahmad; Ayuba Olatunde Onifade

doi:10.30574/ijsra.2026.20.2.1616

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FINANCIAL TECHNOLOGY (FINTECH) ADOPTION AND FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA

Odidi C. Onuselogu ^{1, *}, Umar Halidu Ahmad ² and Ayuba Olatunde Onifade ³

¹ Department of Banking and Finance, University of Nigeria, Enugu Campus.
² Department of Banking and Finance, Federal Polytechnic, Nasarawa.
³ Independent Public Financial Management Consultant.
* Corresponding Author

Review Article

International Journal of Science and Research Archive, 2026, 20(02), 278–282

Article DOI: 10.30574/ijsra.2026.20.2.1616

DOI url: https://doi.org/10.30574/ijsra.2026.20.2.1616

Publication history

Received on 04 July 2026; revised on 11 August 2026; accepted on 13 August 2026

Abstract

This study examined the financial technology (fintech) adoption and financial performance of commercial banks in Nigeria. The regression results revealed a positive and statistically significant relationship between FinTech adoption and bank profitability (p < 0.05). Respondents also agreed (mean score > 4.0) that innovations such as mobile banking, USSD platforms, digital payments, and internet banking increase transaction volumes and reduce operating costs, ultimately enhancing profitability. Thus, Banks that invest in digital transformation achieve superior operational outcomes. Customer satisfaction and retention are strongly enhanced by FinTech-enabled services. Digital platforms offer speed, convenience, and reliability, which are crucial for building customer loyalty in modern banking. Based on the study’s results, we therefore recommend that banks should allocate higher budgets to digital platforms, API infrastructure, blockchain solutions, cybersecurity tools, and cloud-based systems to maximise operational efficiency and profitability.

Keywords

Financial Technology, Adoption, Financial Performance, Commercial Banks

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How to cite this article

Odidi C. Onuselogu, Umar Halidu Ahmad and Ayuba Olatunde Onifade. FINANCIAL TECHNOLOGY (FINTECH) ADOPTION AND FINANCIAL PERFORMANCE OF COMMERCIAL BANKS IN NIGERIA. International Journal of Science and Research Archive, 2026, 20(02), 278–282. Article DOI: https://doi.org/10.30574/ijsra.2026.20.2.1616.

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