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The rapid advancement of financial technology has significantly reshaped the operational landscape of financial institutions, driving digital banking transformation and enhancing institutional efficiency. This study examines the structural relationship between fintech adoption, digital banking transformation, and institutional performance using a comprehensive analytical framework. A quantitative research design was employed, incorporating variables related to technological readiness, digital service expansion, process automation, customer engagement, and institutional competitiveness. Structural equation modeling, canonical correlation analysis, and cluster analysis were used to evaluate the relationships among these variables. The findings reveal that fintech adoption significantly influences digital banking transformation, which in turn enhances operational efficiency and institutional performance. Cloud computing implementation, artificial intelligence adoption, and API connectivity emerged as key drivers of transformation. The results also highlight varying levels of digital maturity across financial institutions, indicating the need for strategic technological investment and phased transformation approaches. The study concludes that fintech adoption plays a crucial role in improving institutional agility, operational efficiency, and long-term sustainability in the evolving financial landscape.
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Nana Dwemoh Benneh (2025) studied this question.
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