The Adoption of Cloud Computing in Financial Services: A Study of Fintech Companies in Jigawa State
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Cloud computing has revolutionized the financial services industry by providing scalable, cost-effective, and secure solutions for data storage, transaction processing, and customer engagement. Fintech companies, in particular, have leveraged cloud technologies to innovate and deliver financial products and services with greater efficiency (Olawale & Ibrahim, 2023). Cloud-based platforms enable fintech firms to offer services such as digital wallets, payment gateways, and data analytics while ensuring compliance with regulatory standards.
In Jigawa State, the fintech sector is growing, driven by increasing demand for digital financial services and the need to address financial inclusion challenges. However, the adoption of cloud computing faces obstacles such as data security concerns, regulatory compliance, and limited infrastructure (Garba & Usman, 2024). This study investigates how fintech companies in Jigawa State are adopting cloud computing and its impact on service delivery.
Statement of the Problem
Despite the potential of cloud computing to enhance financial services, fintech companies in Jigawa State face challenges in adopting this technology. Issues such as cybersecurity risks, high implementation costs, and a lack of skilled personnel impede widespread adoption. Additionally, compliance with data protection regulations poses a significant challenge (Bello et al., 2023).
The limited research on cloud computing adoption in Jigawa State's fintech sector creates a gap in understanding the benefits and challenges specific to this region. This study aims to address this gap by analyzing the adoption of cloud computing in fintech companies and its impact on financial service delivery.
Objectives of the Study
1. To assess the extent of cloud computing adoption in fintech companies in Jigawa State.
2. To identify the challenges fintech companies face in adopting cloud computing.
3. To evaluate the impact of cloud computing adoption on financial service delivery.
Research Questions
1. What is the extent of cloud computing adoption in fintech companies in Jigawa State?
2. What challenges do fintech companies face in adopting cloud computing?
3. How does cloud computing adoption impact financial service delivery in Jigawa State?
Research Hypotheses
1. Cloud computing adoption does not significantly impact financial service delivery in fintech companies in Jigawa State.
2. Challenges related to cybersecurity and regulatory compliance significantly hinder cloud computing adoption.
3. The extent of cloud computing adoption significantly varies across fintech companies in Jigawa State.
Scope and Limitations of the Study
The study focuses on fintech companies in Jigawa State and their adoption of cloud computing technologies. Limitations may include access to proprietary data and variations in the adoption levels of cloud computing among fintech firms.
Definitions of Terms
• Cloud Computing: A technology that enables the delivery of computing services over the internet.
• Fintech Companies: Firms that use technology to provide financial services.
• Financial Service Delivery: The provision of financial products and services to consumers.
Related Project Materials
An Assessment of Online Linguistic Innovation in Nigerian Social Media: A Case Study of Instagram Memes
Background of the study
Instagram memes have become a vibrant reflection of online linguistic innovation i...
AN EXAMINATION OF THE ATTITUDE OF THE NIGERIAN COURTS TO THE USE OF INTRINSIC AND EXTRINSIC AIDS IN THE INTERPRETATION OF STATUTES
Background to the Study
The doctrine of separation of power entails the divisions of power among the different organs of...
An Assessment of Consumer Buying Behavior in Online Retailing: A Case Study of Wakanow in Sokoto State
Background of the Study
Consumer buying behavior in online retailing has evolved significantly with the growth of e-comm...
An appraisal of loan product innovation in agricultural banking: a case study of Access Bank Nigeria
Background of the Study
Innovation in loan products is critical for addressing the diverse financial need...
An assessment of the role of social workers in special education in Offa LGA, Kwara State.
Background of the Study
Social workers are integral to the educational landscape, particularly in special education where...
An investigation of discourse organization in Efik language podcasts in Calabar
Background of the Study
The rise of digital media has given birth to innovative forms of communication, among which podcas...
Assessing the Role of Government Expenditure on Infrastructure in Enhancing Economic Productivity in Nigeria
Background of the Study
Infrastructure expenditure is widely recognized as a catalyst for economic product...
THE CHALLENGES OF COST BENEFIT ANALYSIS IN A COMPUTERIZED ACCOUNTING SYSTEM
ABSTRACT
This research is on the challenges of cost benefit analysis in a computerized Accounting System. The purpose of this study is to...
An Evaluation of Digital Banking Services and Customer Satisfaction: A Study of Commercial Banks in Zamfara State
Background of the Study
Digital banking services have revolutionized the financial services sector, enabling customers to perform banking...
The Effect of Traditional Birth Attendants on Maternal Health Outcomes in Zamfara State
Background of the Study
Traditional Birth Attendants (TBAs) have played a pivotal role in childbirth in rural parts of Nigeria, including...
