Threats and opportunities presented by FinTech on Zimbabwean commercial banks: an open innovation perspective
- Author
- Kunaka, Kudakwashe A.
- Title
- Threats and opportunities presented by FinTech on Zimbabwean commercial banks: an open innovation perspective
- Abstract
-
Threats and opportunities presented by fintech to Zimbabwean commercial banks, is examined in this research. It also tried to look into other complementary wings and facets including Ecocash, One Money and Telecash, on how they are affecting the banking industry in Zimbabwe.
This research used a descriptive research design, which integrates both qualitative and quantitative data collection and analytic methodologies to address the research issue. The sample size for this study was comprised of almost every age group in the banking industry and fintechs. (Including supervisors and managers) The target sample was interviewed and asked a series of questions.
The data gathered and analysed reveal about the threats and opportunities of digital banking, mobile money and regulatory technology together with their relationship with fintech sector and the Zimbabwean commercial banks.
Further research in the banking sector and financial technology industry may be utilised to enhance the effectiveness and efficiency in the way business is conducted in the banking industry with the effect of technology. Given the scarcity of literature on the subject, this study also recommends that more research be done to examine the threats and opportunities presented by Fintech on Zimbabwean commercial banks.
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Commercial banks
- Financial technology
- Supervisor
- Mr. Ngwende