Neural Network and Financial Performance of Deposit Money Banks

Abstract

This study investigated the neural network and financial performance of deposit money banks in Nigeria, using data for the period of 2012-2022. The objectives of this study were to: Determine the effect of digital payment on financial performance of deposit money banks. Ascertain the effect of digital remittance on financial performance of deposit money banks. Panel least squared (OLS) method of data analysis was adopted because of its Best Linear Unbiased Estimators (BLUE) properties. The data for the variables used was sourced from annual report of the selected deposit bank. The variables were on digital payment, digital remittance and financial performance. The study adopted the descriptive statistics, correlation approach, as well as panel least square. E- View software was used for the analysis. The study found that Digital payment has significant effect on financial performance of deposit money banks. (t=2.002328=0.001). Digital remittance has significant effect on financial performance of deposit money banks. (t=3.452278=0.000).The study recommends that Deposit money banks should ensure adequacy of Digital payment services, regardless of location to enhance customer access. They should also ensure availability of Digital remittance services so that customers can have seamless and round-the-clock access.