Influence Of Fintech Companies On The Performance Of Retail Banking Services Among Money Deposit Banks In Nigeria

Financial Technologies, popularly known as FinTechs, have become a disruptive force in many areas of finance, especially in the banking industry. They have crept up on banks, becoming a vibrant competition that many did not see coming decades ago. In responding to the threat of FinTechs, some Deposit Money banks have opted to collaborate rather than compete. As a result, traditional banking in Nigeria has evolved into a highly competitive, technology-driven marketplace where some banks are miles ahead, and others are hanging on for survival. This research work explores how banks have fared ado…