Volume 18 (2022)

Rangarirai Mbizi , Obert Sifile, Lovemore chikazhe, Shepherd Murebwa,  Senior lecturer at Chinhoyi University of Technology

Ngoni Mbaeni, Operations manager, FBC bank Zimbabwe
Abstract

The present paper examines the nexus between technological financial innovation and financial performance in banking sector. A positivist philosophical orientation guided this paper wherein an eight year quarterly panel data for a time period ranging from 2015 to 2021 for thirteen commercial banks in Zimbabwe was adopted for data collection. STATA software was used to analyse the impact of each dimension of technological financial innovation on commercial financial performance. The results showed that the use of automated teller machines and internet banking have strong positive relationship with financial performance, whilst a weak positive relationship was established between mobile banking and financial performance of commercial banks. Moreover, an insignificant association was established between electronic funds transfer and financial performance of commercial banks. The major implication was that banks should intensify the adoption of financial innovation as it enhances their operations.

Keywords: Commercial Banks, financial performance, technological financial innovation, Zimbabwe.

Suggested citation: Mbizi, R., Sifile, O., Mbaeni, N., Chikazhe, L., & Murebwa, S. (2022). The nexus between technological financial innovation and financial performance of commercial banks in Zimbabwe. Skyline Business Journal, 18, 56-72

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Suggested citation
Mbizi, R., Sifile, O., Mbaeni, N., Chikazhe, L., & Murebwa, S. (2022). The nexus between technological financial innovation and financial performance of commercial banks in Zimbabwe. Skyline Business Journal, 18, 56-72