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dc.contributor.authorOgindo, Eunita Atieno
dc.contributor.authorNjoka, Charity
dc.date.accessioned2023-08-01T16:42:13Z
dc.date.available2023-08-01T16:42:13Z
dc.date.issued2023
dc.identifier.citationOgindo, E. A. ., & Njoka, C. . (2023). Digital Transformation and Financial Performance of Deposit-Taking Savings and Credit Co-Operatives in Nairobi City County, Kenya. Journal of Finance and Accounting, 3(2), 45–56. Retrieved from https://edinburgjournals.org/journals/index.php/journal-of-finance-and-accountin/article/view/172en_US
dc.identifier.urihttps://edinburgjournals.org/journals/index.php/journal-of-finance-and-accountin/article/view/172
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26487
dc.descriptionArticleen_US
dc.description.abstractThe deposit-taking Saccos in Kenya have registered an increased amount of non-performing loans as well as a reduction in liquidity, which have affected their overall financial performance. There is little research on digital transformation and the financial performance of recipient pockets. Therefore, this study aims to examine how digital transformation affects the financial performance of Nairobi-based Saccos. Specific objectives include investigating the impact of mobile banking, ATM, agency banking, and Internet banking on financial performance. Financial intermediation theory, agency theory, and transaction cost innovation theory support this research. Explanatory research is used in this study. The target group consists of 44 licensed savers. 30 Saccos were included in this study. This study uses secondary panel data from 2017 to 2021. The method used is panel regression. Regression and correlation were also employed. The results showed that agency banking (β=0.046817, p<0.05) and internet banking (β=0.109425, p<0.05) had a positive and significant effect on the financial performance of Saccos in Nairobi districts. The results also show that mobile banking (β= - 0.00945, p>0.05) and ATM (β=0.072028, p>0.05) have no significant impact on the financial performance of saccos by taking deposits in cities in Nairobi. The study concluded that the key factors improving the financial performance of Sacco's deposit beneficiaries in Nairobi District were agency banking and online banking. This study also concludes that ATMs and mobile banking have no impact on deposit-taking saccos' financial success. The paper makes recommendations for enhancing agency banking services for Saccos that accept deposits. The study also suggests enhancing the online banking system for managing Saccos that accept deposits. The research also advises the leadership of deposit-taking Saccos to review their policies on ATMs and mobile banking to identify any potential obstacles to taking appropriate action.en_US
dc.language.isoenen_US
dc.publisherEdinBurgen_US
dc.subjectDigital transformationen_US
dc.subjectmobile bankingen_US
dc.subjectAutomatic Teller Machinesen_US
dc.subjectAgency banking servicesen_US
dc.subjectinternet bankingen_US
dc.subjectfinancial performanceen_US
dc.titleDigital Transformation and Financial Performance of Deposit-Taking Savings and Credit Co-Operatives in Nairobi City County, Kenyaen_US
dc.typeArticleen_US


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