The Impact Of Computer In Banking Industry (A Case Study Of Fidelity Bank Plc)

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Project and Seminar Topics with material for Banking and Finance BF

Project and Seminar Topics with material for Banking and Finance BF


This project is dedicated to God Almighty Who sustained and preserved me all through this research work and also to my family and friends.


It is with heartfelt Joy that I wish to express my sincere appreciation through this medium to all those who contributed in one way or the other to the success of this work.

In writing this project, I am ever grateful to the academic staff of banking and finance department, Federal Polytechnic Nekede who offered me guidance and assistance in one way or the other seeing that my project work was perfect.

I am ever grateful to my supervisor Dr. J. U Osubor in his entire supervisory and fatherly role in supervising this project. May God continue to bless him, Amen.

My Warmest Gratitude goes to my family, to my parents Rev. & Mrs. Bartholomew. A. Onuoha and my Siblings for their love, care, moral and financial support, throughout this research work and my academic Endeavour’s, May the Lord Almighty bless them all.


This study was carried out to examine the impact of computer in banking industry in Nigeria. The main focus in this study was Fidelity Bank Plc. In advanced economics, technology has played a significant role since 1960’s. The role of computer in the financial world and other spheres of life cannot be overlooked and this has made it inevitable as the whole world has been turned into a global village.

But in developing economics on the other hand, technology has relatively been poorly developed in computer service. The researcher used both primary and secondary data for findings.It is observed that about 80% of the banks in Nigeria has improved and agreed that computerization has led to effective bank performance and have also reduced the cost of running banking services.

In trying to state the impact and problems related to computer in the banking industry, the researcher observed that some problems faced by these banks are; inefficient planning, fraud, errors, irregular functioning of telecommunication facilities etc. and recommend that computer department should be manned by people of good integrity and sound knowledge of computer to reduce fraud in the banks.

Table Of Contents

  • Title page
  • Approval page
  • Dedication i
  • Acknowledgement ii
  • Abstract iii
  • Table of contents  iv-vi

Chapter One

  • 1.0 Introduction 1-2
  • 1.1 Background of the study 2-7
  • 1.2 Statement of problem 7-8
  • 1.3 Objectives of the study 8-9
  • 1.4 Research question 9-10
  • 1.5 Significance of the study 10-11
  • 1.6 Scope of the study 11
  • 1.7 Limitation of the study 11-12
  • 1.8 Definition of terms 13-14

Chapter Two

  • 2.0 Literature Review 15
  • 2.1 Introduction 15
  • 2.2 Development of banking in Nigeria 15-17
  • 2.3 Role of banking in the Economy 18-33
  • 2.4 Definition of computer 33-34
  • 2.5 Historical development of computer 34-35
  • 2.6 Types of computer 36-37
  • 2.7 Role of computer in banking system 37-39
  • 2.8 Evidence of the impact of computer in Fidelity Bank plc 40-42
  • 2.9 Problems in the use of computer in banking system 42-45

Chapter Three

  • 3.0 Research Design And Methodology
  • 3.1 Introduction  46
  • 3.1 Research design 47
  • 3.2 Sources / method of data collection 47-50
  • 3.3 Population and sample size 50
  • 3.4 Sampling Technique 50
  • 3.5 Validity and reliability of Measuring instrument 51-52
  • 3.6 Method of data analysis 52

Chapter Four

  • 4.0 Presentation And Analysis Of Data
  • 4.1 Introduction 53
  • 4.2 Presentation of data 53
  • 4.3 Analysis of data 54-60
  • 4.4 Test of research questions 60-64
  • 4.5 Interpretation of results 64-65

Chapter Five

  • 5.0 Summary Of Findings, Conclusion And Recommendation
  • 5.1 Introduction 66
  • 5.1 Summary of findings 67-69
  • 5.2 Conclusion 69-70
  • 5.3 Recommendations 71
  • Bibliography 72-74
  • Appendix 75

Chapter One

1.0 Introduction

The banking industry in recent times, have been experiencing some level of growth and improvement in its operations. And this can be attributed to the impacted of computed in banking industry in Nigeria. It has help to evaluate the new and old mode of operation and how computer has helped in carrying out the works in banking in Nigeria.

However, the history of banking can be traced back to the Italian Goldsmiths, who as a result of their kind of had strong vaults were they kept peoples precious metals which later served as vaults for keeping other materials. As a result of the growth the goldsmith experienced and much customers who were patronizing their services they began to issue our receipts to their depositors which they will use at a future date to redeem their valuable properties that were in vaults. These receipts were also transferable which owners used to clear their debts. Also the goldsmiths starting issuing loans to people and all these evolved into what we call today, the banking.

Africa as a continent, have been facing some kind of financial management issues, this lead to the establishment of the African banking corporation in 1892 which was taken over by the bank of British west Africa (BBWA) in 1894. In 1920’s the bank became known as standard bank of Nigeria and as a result of the indigenization decree of 1977, its name was changed to First Bank of Nigeria LTD. Making it the oldest bank in the country today.

The most significant of this change is the massive deregulation of the industry as a component programme (SAP-structural Adjustment programme) which was introduced during the regime of Mohamed Ibrahim Badamosi Babangind. The Nigerian banking system was channeled towards the British banking system, characterized by wide exchange among these branches and this is an effective linkage in Nigeria which cannot be over emphasized. Banks and its operations consist of transactions which has mainly to do with the creation of credit.

1.1 Background Of The Study

By nature, banking is an industry that generates largely tangible benefits, it effects to the perception and patronage of the customers.

Similarly the services rendered by banks in Nigeria are basically the same. They depend on personally selling a lot of which they get, this helps to increase the level of services provided by bank thus affects the attractiveness of bank to its customers.

However, haven stated earlier, the banking can be said to have started during the period of Goldsmiths. At the time of safeguarding by the goldsmiths, they issued receipts to the depositors on their own which acknowledged their indebtedness and these receipts were also presented by the depositors whenever they wishes to redeem their precious metals. The African Banking Corporation was established in 1892 and it was taken over by the bank of British west Arica (BBWA) in 1894, in 1920’s, this bank became known as standard bank of Nigeria and as a result of the indigenization. Decree of 1977, its name was changed to First Bank of Nigeria limited.

The massive deregulation of the industry was one of the most important /significant charge and also a component of the programme (SAP-Structural Adjustment Programme) introduced during the regime of Mohamed Ibrahim Badamosi Babagida and non bank financial institution who were licensed, this led to an increased completion in the industry with the result that it was no longer easy to differentiate the service tendered by various operations in the financial system in Nigeria.

However, the Nigerian Banking Industry is channeled towards the British Banking system characterized by the wide branch Network which spread all over the country.

Transaction then changed among these branches and there is an effective linkage in Nigeria.

Indeed, the banking industry can be linked to the oil that prelates the wheel system of machine in an industry without the lubricant, the entire industrial setup may grid to a half (Woesly Aham 1988).

The bank and its operations consist of transactions which must be processed in order to carry out with the day to day activities of the bank since the bank has mainly to do with the creation of credit.

The branch banking is one of the characteristics of Nigeria banking and the volume of information generated, necessitates the use of a good storage and retrieval system. Since the regulation in the industry requires the production of a large number of reports on a regular basis and in various forms, there is need to adopt certain method or system to quicken their services. And despite the use of cheque, there was still problem of time wastage before the customers get paid.

Be it as it may, this problem led to the fast means of processing information through computer. Also computer makes it easy to assess a large volume of information faster and more accurately. Equally, its storage capacity and ability to present data in a large range of forms aid its use by bank management and operation staff.

In recent times computers have generated a lot of controversy as to their usefulness in the final analysis, considering a place like Nigeria where the capacity for proper utilization is jeopardized with inadequate infrastructure and linkage. As a result, most banks apply their system to mere book keeping function choosing the critical advantages of computer to improve both the process of transaction, processing and information generalization.

Brief History Of Fidelity Bank Of Nigeria

Fidelity bank Plc began operation in 1988 as fidelity union merchant Bank limited. By 1990, it had distinguished itself as the fastest merchant bank in the country. However, to leverage the emerging opportunities in the commercial and consumer end of financial services in Nigeria, in 1999, it converted to commercial banking and changed its name to Fidelity Bank Plc. Following the issuance of a commercial bank license by CBN, the national banking regulator. It became a universal bank in February 2001, with a license to offer the entire spectrum of commercial, consumer, corporate and investment banking services.

The current enlarged fidelity Bank is the result of the merged with the former FSB international Bank Plc. and manny bank Plc. (Under the fidelity brand name) in December, 2005. Fidelity bank is today ranked amongst the top 10 in the Nigerian banking industry. With presence in all the 36 states as well as major cities and commercial centers of Nigeria, Fidelity continues to rank among Nigerians most capitalized bank, with tier-one capital of nearly one billion US dollars (USD1 Billion).

However, over the years, the banks has been reputed for integrity and professionalism. It is also respected for the quality and stability of its management likewise the staff because of the quality of training which they receive on the job as well as good schools both in Nigeria and overseas. Hence to qualify as member of team fidelity a candidate is expected to possess three vital statistics with the acronym “TAC”

  • Talent: An innate mental aptitude
  • Ambition: A desire to succeed
  • Charcter: a total quality of integrity which will guide the talent and ambition to productive ends.

The management is focused on building and maintaining a virile and respected brand that caters to the needs of its growing corporate, commercial and consumer banking clientele. For this purpose, the bank is leveraging its pedigree in investment banking (Fidelity was a merchant bank for 11yrs) and its structures and service offering for a retail populace.

Fidelity bank also enjoy the respect and partnership of a network of offshore institutions with which it has correspondent banking , confirmation lines, credit and other relationship.

These include, ANZ London, Afr – Exim bank, Cairo, Egypt, ABSA, South Africa, commercial bank, franfurt, Citibank, NA. London HSBC, USEX – in Bank, USAID etc.

1.2 Statement Of The Problem

In the past, a large managerial records and book keeping was handled manually but in recent times, there has been expansion of the banking industry that huge labour force would be needed to tackle today’s massive volume of book keeping hence the adoption of computer operations will be required.

Secondly, Thomas. C (1976) writes in his report in united state information service that without information, the American financial systems would form in a constant stream of paper work.

So to reduce the cumbersome of paper work in the industry, the computer operational style is needed.
Thirdly, banking computer style expressed the same view that for an individual banks, this study therefore attempts to provide answer in respect to the banks under study in the following, why should banks computerize their operation? This is more from manual to computer application in banking operation and be justified after the underlying factors regarding both mode of operation and have taken considerations.

1.3 Objectives Of The Study

The study attempt to fulfill the following purpose;

  1. Give an explanation why banks are using computer
  2. Access or evaluate both modes of operations (Manual and computer application) by studying procedures and controls adopted in banking operations.
  3. To determine whether to move banks from manual to computer application s justified in consideration of the long queues in banks.
  4. Mention the prospects of computer in the banking industry.
  5. Give recommendations of improving the efficiency and reducing the inefficiencies presently existing in using the computer in banking operations.

1.4 Research Questions

Having a knowledge of computer in banking industries is capable in handling a greater volume of the information than the manual styles / application. The generation of computer based system enhances the time and quality of the decision making at all level in the banking industry. At this point, various question comes across like.

  1. What is the stage in the growth of banking industries in Nigeria?
  2. What are the roles of computer in the economy at large?
  3. What are the impacts of computer in the banking industry?

1.5 Significance Of The Study

  1. It allows personnel to create, update and maintain customer records.
  2. It can use computers to access and manage their account, bank employees have access to information on costumer’s account that can be brought up in seconds.
  3. Have enhanced the accuracy of accounts that tellers and other bank personnel process. The banking software performs costumer’s transaction through a centralized data record system.
  4. Computer has made it easy to receive transaction from affiliated bank branches. These new hardware technologies can process more transactions than legacy banking hardware systems.
  5. Some major industries have become dependent upon their automation including banking, government and the military.
  6. Information were read into the main system by a punch card machine, midrange and client server hardware configurations, which are no longer than a minitoner system, can run an entire bank in.
  7. Advances into wireless banking and telecommunication banking, electronic transaction which have to be performed by the bank example is the direct deposit.

1.6 Scope Of The Study

This project is based on the impact of computer in banking industry in Nigeria. The study will therefore cover a case study of Fidelity bank Nigeria Plc trough problems relating to the topic are peculiar to all banks in general.

1.7 Limitation Of The Study

In the research works certain constraints were encountered during the period of this project some of the restraints experienced by the researcher are given below.


This was a major constraint on the researcher during the period of the work, considering the limited time given for this research and the needed attention due to academic work that faced the researcher being an ND finalist.

Financial Constraints:

Owing to the financial difficulty prevalent in the country and its resultant increase in the prices of commodities, transportation fares, research materials, etc , the researcher did not fide it easy meeting all her financial obligations in school as a result of which the work restricted to the much affordable.

Information constraints;

Nigeria researchers have never had it easy, when it comes to obtaining necessary information relevant to their study from private organization and even government agencies. Getting the published materials on this topic mean going from one library to the other which was not easy. But some of the respondents find it difficult to furnish the research with the whole information easily. They see it as revealing the organization secrets although this problem placed limitation on the study.

During personal interview, with some respondents, the researcher experiences a lot of communication problems. Some of the respondents did not understand English language, the views of the people are important in this survey because they constitute the bank customers.

1.8 Definition Of Terms


Is an electronic device which is capable of receiving information (data) in a particular form and performing a sequence of operations in accordance with a predetermined but variable set to procedural instructions to produce a result in form of information or signals.


This is a sequence of operations in accordance with a predetermined but variable set of procedural instructions.

Machine Code:

A language which can be understood by a particular computer.


is defined as a corporation or one who accepts money on current account and collect cheques for customers.


A part of a particular area especially of a country’s economy e.g. banking sector.


These are policies geared towards the regulation of banking business and other financial institution e.g. BOFIA – bank and other financial institution Act, OBN Act, etc.

Inter Mediation:

This is the process whereby financial institution and non financial institution serve as a link between the surplus unit and the deficit unit of the economy.

Data Diddling:

This involves changing data prior or during input into a computer. In other words, information is charged from the way it should be entered by operator.

I bet you, the complete material is fully loaded. This is just an excerpt. The Material is in MS-Word Format which you can easily edit and is comprehensive for a complete research work for this topic

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How to nail it on the head during your project defence

You are through with writing that project. Now what?

You have found yourself at that point where you have to defend what you have written. Of course you have to stand in front of your supervisor and other literary personalities to prove that you know what you wrote in your project paper. Unfortunately, the more you think about it, the more it looks like you are about to face a legion. It is not a war. But the emotion of dread welling up inside of you makes it look like one. So now you are asking yourself questions.

  • How am I going to start?
  • I hope I will do well enough to get an A.

You really want to nail it, but you need to come to terms with exactly how to get everything in perfect control. Especially your emotions of fear that seem to make a wreck of you every time you think about public speaking.
So here is the deal. I want to help you avoid that feeling that would ruin your precious moment if you dare to let it. And we are going to do it together.

I am going to highlight some very important tips to help you get in control for you to be comfortable enough to move from that feeling of DREAD to CONFIDENT; and making an awesome Impression for that great rating your supervisors should be giving to you so freely.

Consider these tips as you prepare for your defence. We will be taking them one after the other so here we go.

Watch Your Body Language And Keep It Confident:

Can you tell that a person is falling apart if they look confident? … If I can second guess you rightly, am sure you answered no to that question. Remind yourself that you need to come out that way. Now this might seem like a huge big deal when you are dealing with the foreboding. Maintaining a poise of confidence is very important. So find your most comfortable position, sitting or standing and draw up your body. You must exude confidence. It is something you need to do for yourself. People can only see what you allow your body language to show. So you must endeavour to put that out. Remember the story of David and Goliath? … At the end of your defence day, you want to be David.

Dress In Your Most Comfortable And Impressive:

Am sure this one is a no brainer. However I must highlight that you choose comfortable pieces. You don’t want to look so good and yet look like you were forced to wear something that does not belong to you. It’s great to ensure that as impressive as your clothes are on you, that they are also very comfortable.

Speak With Authority:

Going hand to hand with that aura of confidence is your most powerful asset:your words. If you look that confident, your words must not come out like whimpers. To be able to pull this off, you definitely need to speak as deliberately as possible in expressing yourself. Let them also hear what they see.

Use, Your Gestures:

I have often found this to come to my rescue in dealing with shyness and conveying my confidence. Usually it gives you an edge to also drive home your point. You must, however, ensure that you do not over use it. It doesn’t mean that your hands should be flying all over the place. That would be absolutely unnecessary. If you do this well, after a while you will realize that you are not as self-conscious as you used to be at the very start. For most situations, it would have completely disappeared altogether; leaving a really confident you talking.

Have A Good Opening And Closing Line:

Make sure you have perfected a good opening line. You should also be armed with a good closing line too. Try and rehearse it to a friend. If for the first time you presented it, your friend does not say “wow, that’s beautiful” or something like that; just know you need to keep refining it until you get the perfect line. Both opening and closing lines will go a long way in how impressed your panel gets to rate you high.

Make Sure You Know Your Work:

Certainly you should understand how important it is to know your own work from start to finish. Not having in-depth knowledge of your own work is tantamount to a suicide mission. Why should you kill yourself?
When all is said and done, this is what you came to defend in the first place. You should know your work from A to Z.

Prepare For The Questions:

Now this part is truly essential. You must be sure you do not floor all the good work you did on your presentation by not answering correctly. You must pay attention to the questions you are asked to be sure you will give the right answer. Many people get it wrong at this stage and spoil their good presentation. When you do not understand any question do endeavour to ask the person to expatiate what they mean before you answer.

These tips are by no means exhaustive, but applying these tips will give you some necessary advantage you need for a great outcome. Of course that outcome would mean that you eventually earn all your points on this project.

The structure of a good project work

Undergraduate projects in Nigeria is a prerequisite for graduation amongst Nigerian tertiary students who will which to obtain bachelors degree in their respective courses of study such as accounting, banking and finance, business administration and a host of others. Writing an undergraduate project in Nigeria for final year students entails a lot both financially and otherwise. Being able to develop any final year project depends on getting a researchable topic whether it is Accounting Undergraduate project topics, Banking and Finance research topics or banking and finance project topics and materials and it all requires diligent hard work of students who are willing to develop best undergraduate projects in Nigeria and graduate in flying colors.

A typical Undergraduate project in Nigerian tertiary institutions can be said to be divided into five or six chapters depending on the format of the school and course of study which are

1. Introduction

The introduction of an undergraduate project states the main research problem and research argument. What precisely the study is all about and why it is important. It looks at the originality of the research work and how it will fill the gap in other studies. Justification for a research undergraduate topic should not be lengthy before it has been explicitly stated.

Below are the contents in chapter one of an undergraduate research project which includes;

  • Background of the study,
  • Statement of the problem,
  • Objectives or aims of the study,
  • The research questions,
  • Research hypothesis,
  • Significance of the study,
  • Scope of the study,
  • Limitations of the study and
  • Operational definition of terms.

2. Literature review

Literature review of any undergraduate research work, be it business administration project topics or Economics project topics just to mention a few is very critical to securing a high grade in one’s project work. The literature review of a research process uncovers what other writers have written about the student’s topic. A student’s undergraduate research work should include a discussion or review of what is known about the subject and how that knowledge was acquired. The review could conclude with a brief summary of the literature and its implications. The contents of the literature review are the theoretical review, conceptual framework, empirical review and summary of literature review.

3. Research Methodology

This section includes a description of the research methods used in the undergraduate research work such as the sample size, data collection methods, measurement instruments, research data analysis procedures and the population from which the sample was selected.  This section also describes the method used in selecting the sample or samples, validation and reliability of the instruments used in the research work. There are different research statistical techniques used in undergraduate research work such as SPSS, e-views etc.

4. Results & Discussion

This section presents and discusses the data analysis results used in an undergraduate research work, the results of each analysis is being summarized, tabulated, and then discussed for each research question.  Then for each research hypothesis, the statistical test of significance selected and applied to the data is briefly described, followed by a statement indicating whether the hypothesis was supported or not supported.  In presenting the result analyses/summary in an undergraduate project tables and figures and or graph are used to add clarity to the presentation.

5. Summary, Conclusions And Recommendations

This section summarizes the findings of the study in an easy to understand manner.  It also explains the practical implications of those findings, and points to recommended directions for future research in that area.


This is where every source cited in the undergraduate research work is being included. Every undergraduate research work must be properly referenced for its authenticity.

Choosing A Good Project / Research Topic

Students in Nigerian universities these days wish to choose a very simple project topic/material. There is no issue choosing a simple project topic; the only problem is your ability to choose a good project or research topic that your supervisor will easily approve for you.

Most project supervisors really want to see how good his or her project student understands his or her surrounding through the kind of topic he or she chooses for their project work.

There are some project topic that are not reject-able; for instance in Nigeria of today; what do you think is the major issue on ground now?

If a project student can choose or craft a topic on the effect of dollar increment on the economy of Nigeria. Such project topic will be very interesting to write on.

Now what are the qualities of a good project topic?

  1. The materials for the project topic must be easily assessable.
  2. The project topic itself must be meaningful.
  3. The variables must be able to give a clear aim of the project topic.

What do I mean by variable?

Well I am deriving my point from the area of project writing; the variables here are those main words in the project topic.

Like the above project topic; the effect of dollar increment on the economy of Nigeria. You can see the main variables that really define this project topic are:dollar, increment and economy.

Before you present your topic to your project supervisor, first of all understand your project topic, and then secondly try to do some research for your topic to see if at least you can get up to 60% of what you need to write the complete project.

I said that above because you might have a very nice topic that the materials are not available online and there are no books as regard the topic; in this case the project topic becomes difficult for you even though the topic is catchy.

What do I mean by your topic being assessable?

Well what I mean is very simple and easy to understand. Simply pick your project topic, type it on google and see if you will have at least a good background for the topic you are writing on.

If you can have a good background for your project topic and you can understand the problem associated with the project topic, then I believe the aim of the project is not far-fetched.



Samuel Obiora Blessed is the CEO and founder of Samphina Academy ( a.k.a Nigeria Students Media, the youngest engineering graduate of Federal Polytechnic Nekede in 2017 and the engine brain behind this great platform. He is the man behind the scene, filled with many potentials, a musician as well as a pro developer with the interest of Nigerian students at heart.

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