Technological changes are happening rapidly. In some areas, the advances are small incremental improvements while in others; they are breakthroughs that completely revolutionise industries. Consequently, companies and sector drivers are compelled to find ways to adopt the latest technologies as they deploy products and services, whilst trying to deliver benefits customers expect. Tragically, despite these modifications, few businesses and even sectors have been outpaced by the advancement of technology, which is best likened to a speeding bullet. This has resulted in bold assertions such as that made by Stewart Brand- once a new technology rolls over you if you are not part of the steamroller, you are part of the road. The banking sector is not left out of this frenzy and has experienced significant transformation flowing from technological innovations.
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UNILAG Law Review, (2023) Volume 6 Edition 1.