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ABSTRACT
This paper presents a comprehensive review of the impact of Financial Technology (COMPUTER SYSTEMS) on the banking sector in Nigeria, Through an extensive literature review, the paper synthesizes findings from previous studies, reports, and industry analyses to outline the key dimensions of Financial Technology influence on banking, including operational efficiencies, customer service innovations, regulatory challenges, and the broader implications for financial inclusion. In NIGERIA, the paper highlights how FinTech has driven significant advancements in banking through technological innovation, regulatory support, and a strong emphasis on customercentric services, leading to enhanced operational efficiencies and competitive market dynamics. Also, the analysis of the Nigerian banking sector reveals a burgeoning FinTech landscape that, despite facing infrastructural and regulatory hurdles, has made notable strides in promoting financial inclusion and democratizing access to financial services. The study underscores the critical role of regulatory frameworks, technological infrastructure, and market maturity in shaping the impact and adoption of FinTech solutions. It concludes that while FinTech presents transformative potential for the banking industry globally, its effective integration and sustainable growth are highly dependent on tailored strategies that consider the unique socio-economic and regulatory environments of Nigeria.
