THE ADOPTION OF FINTECH IN ETHIOPIA FINANCIAL INSTITUTION: THE CASE OF BANK OF ABYSSINIA IN ADDIS ABABA

Abstract

FInTech is a crucial aspect of today’s applied technology that offers unlimited possibilities as a strategy to attract and retain staffs. In addition to that it has changed the pattern in performing t business. The Ethiopian banking industry is also shifting in the advent of this financial technology to put both the banks and the staffs in a win-win situation. Hence, the researcher attempted to study on the facts that affect Adoption of FinTech in Financial Institutions in Case of Bank of Abyssinia in Addis Ababa, The study used descriptive and explanatory research design nature and data were gathered through questionnaires. In order to achieve the objective of the study, probabilistic samplings technique were used. A sample size of the study was (n = 191). Data collected with structured questionnaire was analysis using descriptive and inferential statistics. The findings of the study indicate that relative advantage, compatibility, Triablity and Observation were found that they significantly affected the Adoption of FinTech in BoA. The major results of the study thus indicates that those four variables significantly determine the adoption of FinTech in BoA in the case of Addis Ababa Based on this, the study recommends that the bank needs to evaluate available Fintech aspects in terms of their, relative Advantage, compatibility, trialability, and observability for proper and relevant integration into the existing bank systems..