Information System and Information Technology

Introduction

Technology is ever advancing day in day out, leading to numerous significant inventions. Is and IT has made people understand business processes in which they have been incorporated to enhance the smooth running of daily activities. Also, IT has improved the way data are stored for the sake of eradicating away theft and access to the data by unauthorized people (Agwu, 2017. With its advancement, people have become aware of the other means of penetrating through other people’s data where their privacy can be interfered with (Dada, 2017). The primary significant IS, and IT has made is incorporating both people, business activities, and improving data storage criteria. It is a vital step leading to the realization of advanced technology. Besides, IS and IT have increased cyber threats were accessing people’s data is no longer a big deal (Dada, 2017). People’s privacy has been invaded where some have been left with nothing in which their online banking has been emptied. Here, the main focus will be on user’s adoption in online banking, primarily in Nigeria. Despite the dangers associated with it, many people are opting for the same without knowing the threats it is posing to their lives. For this reason, there is a need for one to possess knowledge and skills in the advanced technology. Apart from this, the two aspects, IS and IT has improved the performance of various firms by enhancing the storage of their data and baring unauthorized personnel from invading their information.

Literature Review

Technology is not new to many, and it has benefited many people, and at the same time, it has left many complaining. First, it has been adopted by much online banking in Nigeria. Here, it is seen to be the most secure. Every transaction is done online with ease and in a quick way. Also, the statements are easily retrieved, and monitoring one’s transactions are ever secure. It is well recorded that Nigerians have adopted the use of online banking due to its safety and the above-stated reasons (Dada, 2017). It has improved their lives and the start of many online businesses where the mode of payment is online banking. There has use of QR codes, which are scanned upon any online bank payment for the customer (Agwu, 2017). The adoption has also reduced congestion in busiest shops such as supermarkets. It has a significant step in their lives because it is never stressful for most of the Nigerians when it comes to online banking services.

Methods

The most applicable method to assess the significant and how online banking in Nigeria have been used will be the use of questionnaire aimed at getting diverse information, for instance, people’s notion and attitude towards adoption of the online banking. Besides, there will be the use of interview where several users will be questioned on various aspects for the sake of getting the required information. Primarily, the target will be assessing how online banking services have improved their lives and the challenges it has posed to their lives. It will be applicable because everything which has merits must have demerits to oppose successful progression of the same.

Results

Many Nigerians have opted for online banking. This has improved their lives in one way or the other as illustrated above. Besides, online banking was seen to be most secure, comparing populaces’ condition and valuation of the country’s economy.

Discussion

As technology advances, most people are taking advantage of the same. For example, a large percentage of Nigerians despite their economic status has increased the rate at which online banking is being used. The users are many, according to Tarhini’s article. The practices also improved banking services and the level of technology. The improved technology will be helpful as it will aid in monitoring what is going in and outside banking platform. It will assist in securing their services and at the time preventing invaders from interfering with bank’s privacy.

Conclusion

Improved technology will always be beneficial not only to Nigerians but also to everyone. For this reason, people need to be told on the merits of the developed technology which will assist then in venturing into new activities such as online banking related to mobile innovations. Also, people need to be cautioned and be alerted of any malware or hackers who are after making unauthorized transactions. It will help them to monitor their transactions by turning on alerts on the dedicated apps for updates and notification if anything is done to their online banking. It will be one of the achievements and secure monitoring of data.

References

Tarhini, A., Mgbemena, C., Trab, M. S. A., & Masa’Deh, R. (2015). User adoption of online banking in Nigeria: A qualitative study. The Journal of Internet Banking and Commerce, 20(3).

Dada, A. (2017). Adoption and acceptance of online banking: A comparative study of UK and Nigeria retail banks. In Promotional Strategies and New Service Opportunities in Emerging Economies (pp. 263-293). IGI Global.

Agwu, E. (2017). Empirical analysis of retail customers’ adoption of Internet banking services in Nigeria. Journal of Internet Banking and Commerce (JIBC) December, 22(1).