Department of Accounting

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Browsing Department of Accounting by Author "Abdullateef, Ibrahim"

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    BIOMETRIC IDENTIFICATION SYSTEM AND ELECTRONIC BANKING FRAUDS IN DEPOSIT MONEY BANKS IN NIGERIA
    (Department of Accounting, Nasarawa State University, Keffi, 2021-06-26) Abdullateef, Ibrahim
    This study examines the effect of biometric identification system on electronic banking frauds in Deposit Money Banks in Nigeria. The study utilizes survey research design, and the population of the study is the 21 Deposit Money banks in Nigeria. Judgmental sampling technique and the banks regulatory agencies annual reports were used to select the Deposit Money banks based on performance, proximity and convenience in data collection. Thus, ten (10) commercial banks were selected for the study and, a non-probabilistic sampling method (convenient sampling) was used to select only twenty (20) respondents comprises of banks employees and customers from each of the ten (10) Deposit Money Banks selected. Two hundred (200) respondents were selected as sample for the study. Ordinary Least Squares Method of Regression was used with the aid of STAT A 13, 2019 version and it was found that, iris/retina scanning is negatively related to electronic banking fraud with statistical significance. Conversely, a significant negative effect of fingerprint/hand geometry/palm on electronic banking fraud was found. Furthermore, a significant negative effect of facial recognition on Electronic Banking Frauds was also found. However, in the case of Voice recognition biometric technique to Electronic Banking Frauds, no significant negative effect was found. It is also evident that no single biometric techniques can eliminate all electronic banking frauds; as such individual techniques ’ shortcomings can be replaced by multi-factor authentication. It is recommended among others that, Deposit Money Banks in Nigeria should fully deploy biometrics techniques because, it will provide the most secured method of authentication and identification; this no doubt, will enhance security, ensure optimal services, eliminate fraud and maximize profit.