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ABSTRACT
This study examines the impact of financial technology (fintech) in the performance of deposit money banks in Nigeria. It specifically focused on three critical components of financial technology (ATMs, mobile money operation and internet banking services), alongside two control variables, bank size and real GDP as the explanatory variable. Secondary data on the 5 selected were collected for 6 deposit money banks in Nigeria for the periods of 2017 to 2022.The data was analysed using descriptive statistics, panel regression technique and a hausman test was carried out as well. The result showed that the introduction of ATMs and internet banking has had a positive impact on deposit mobilization in Nigeria. . The study recommend increase in the deployment of financial technology to attract more deposits, like more ATMs for accessibility. Encouraging mobile banking and improving internet connectivity will enhance banking operations and drive financial inclusion. Implementing policies to promote beneficial bank size and adopting growth-enhancing measures will stimulate deposit mobilization.
