Big data, 4IR and electronic banking and banking systems applications in South Africa and Nigeria

  • Received February 20, 2020;
    Accepted March 29, 2020;
    Published June 24, 2020
  • Author(s)
  • DOI
    http://dx.doi.org/10.21511/bbs.15(2).2020.17
  • Article Info
    Volume 15 2020, Issue #2, pp. 187-199
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This work is licensed under a Creative Commons Attribution 4.0 International License

Efficient banking solutions are an integral part of the business integration of South African and Nigerian economies as the two largest economies in the continent. Security, effectiveness, and integration of banking systems are critical to the sustainable development of the African continent. Therefore, an empirical analysis of the production of research on banking services and systems was conducted. The aim of the study was to examine the robustness of the research findings on banking systems in terms of their importance for the economic sustainability of the continent in the era of the fourth industrial revolution. The study adopted a bibliometric analysis using software clusters to visualize the results. Due to higher visibility of outputs and likely citations, the results showed that the key terms from Google Scholar are ranked higher than outputs from Scopus. Main research interests were related to internet banking (f = 70), e-payment systems (f = 57), telephone banking (f = 56), automated teller machines (f = 54), and mobile banking (f = 40). The results also showed a very low research interest in the technical aspect of online banking services such as security (f = 19, TLS = 40), authentication (f = 17, TLS =33), network security (f =13, TLS = 33), computer crime (f = 16, TLS = 42), and online banking (f = 11, TLS =32). The study found there were insufficient outputs in the area of the fourth industrial revolution (4IR) and banking services in Africa. Future research trends should examine the impact of the 4IR and big data on the banking system, regional economic integration, and sustainable growth in the continent.

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    • Figure 1. Banking halls and services availability in some Local Government of Ekiti State
    • Figure 2. Output distribution by sources
    • Figure 3. International collaboration based on co-authorship by countries
    • Figure 4. Top 35 keyword co-occurrences (Scopus dataset)
    • Figure 5. Isolated key phrases related to crime and banking systems
    • Table 1. Co-citation outputs by source and citation analysis
    • Table 2. Co-authorship outputs and citation analysis by countries
    • Table 3. Top 20 co-occurrences of key phrases and all major terms arranged based on the TLS (f = 1,300) of the Scopus database
    • Table 4. Keyword relevance based on Google Scholar outputs
    • Conceptualization
      Patrick Ajibade
    • Data curation
      Patrick Ajibade
    • Formal Analysis
      Patrick Ajibade
    • Investigation
      Patrick Ajibade
    • Methodology
      Patrick Ajibade, Stephen M. Mutula
    • Software
      Patrick Ajibade
    • Validation
      Patrick Ajibade, Stephen M. Mutula
    • Writing – original draft
      Patrick Ajibade
    • Funding acquisition
      Stephen M. Mutula
    • Project administration
      Stephen M. Mutula
    • Resources
      Stephen M. Mutula
    • Supervision
      Stephen M. Mutula
    • Writing – review & editing
      Stephen M. Mutula