Background of the Study
Digital transformation involves integrating digital technologies into business operations to enhance efficiency, innovation, and customer experience. In the fintech industry, digital transformation strategies such as mobile banking, AI-driven analytics, and blockchain technology play a pivotal role in improving service delivery and customer satisfaction (Okoro & Hassan, 2024).
In Adamawa State, fintech companies face increasing customer expectations for convenience, speed, and security. Adopting digital transformation strategies has allowed these companies to stay competitive and meet customer demands. However, challenges such as high implementation costs and technological barriers persist (Usman & Ibrahim, 2023).
This study explores the impact of digital transformation strategies on customer satisfaction, focusing on fintech companies in Adamawa State.
Statement of the Problem
Despite the adoption of digital transformation strategies, fintech companies in Adamawa State often face challenges such as system inefficiencies, user interface issues, and cybersecurity risks. These challenges can negatively impact customer satisfaction, leading to customer attrition and reduced competitiveness (Bello & Yakubu, 2025).
This study seeks to address the gap in understanding how digital transformation strategies influence customer satisfaction in the fintech industry of Adamawa State.
Objectives of the Study
To identify digital transformation strategies adopted by fintech companies in Adamawa State.
To evaluate the impact of these strategies on customer satisfaction.
To propose measures for enhancing the effectiveness of digital transformation strategies.
Research Questions
What digital transformation strategies are implemented by fintech companies in Adamawa State?
How do these strategies affect customer satisfaction?
What measures can improve the effectiveness of digital transformation in the fintech industry?
Research Hypotheses
Digital transformation strategies significantly enhance customer satisfaction.
Technological barriers negatively impact the effectiveness of digital transformation.
Improved digital transformation strategies lead to higher customer satisfaction.
Scope and Limitations of the Study
This study focuses on fintech companies in Adamawa State and their digital transformation strategies. Limitations include differences in the scale of digital adoption among companies and rapidly evolving technologies.
Definitions of Terms
Digital Transformation: The adoption of digital technologies to improve business processes and customer experiences.
Customer Satisfaction: The level of contentment a customer feels towards a company's products or services.
Fintech Companies: Firms that leverage technology to deliver financial services.
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