An Appraisal of the Role of IT Compliance in Regulatory Adherence: A Study of Financial Institutions in Kaduna State
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Background of the Study
IT compliance refers to the alignment of IT systems, policies, and practices with regulatory requirements and industry standards. In the financial sector, compliance ensures the protection of customer data, the prevention of fraud, and adherence to anti-money laundering (AML) regulations (Ogundele & Bello, 2024).
In Kaduna State, financial institutions face stringent regulatory demands, requiring robust IT compliance frameworks. Failure to meet compliance standards can result in severe penalties, reputational damage, and loss of customer trust (Ahmed et al., 2025).
This study evaluates the role of IT compliance in achieving regulatory adherence, focusing on its impact on operational efficiency and risk management.
Statement of the Problem
Despite the critical importance of IT compliance, many financial institutions in Kaduna State struggle to meet regulatory requirements due to outdated systems, insufficient expertise, and inadequate resources (Oluwole & Yusuf, 2024). These challenges expose institutions to regulatory penalties and operational risks.
This study aims to analyze the effectiveness of IT compliance frameworks in ensuring regulatory adherence, identifying gaps and proposing improvements.
Objectives of the Study
1. To assess the role of IT compliance in regulatory adherence in financial institutions in Kaduna State.
2. To analyze the impact of IT compliance on operational efficiency and risk management.
3. To identify challenges faced by financial institutions in implementing IT compliance frameworks.
Research Questions
1. What role does IT compliance play in regulatory adherence in financial institutions?
2. How does IT compliance impact operational efficiency and risk management?
3. What challenges do financial institutions face in implementing IT compliance frameworks?
Research Hypotheses
1. H₀: IT compliance does not significantly influence regulatory adherence.
2. H₀: IT compliance does not significantly improve operational efficiency.
3. H₀: Challenges in implementing IT compliance frameworks do not significantly affect their effectiveness.
Scope and Limitations of the Study
The study focuses on financial institutions in Kaduna State, examining their IT compliance frameworks. Limitations include the varying compliance requirements across institutions and the dynamic nature of regulatory policies.
Definitions of Terms
IT Compliance: The adherence of IT systems and processes to regulatory and industry standards.
Regulatory Adherence: The conformity of an organization to laws and regulations.
Risk Management: The process of identifying, assessing, and mitigating risks
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