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THE ROLE OF CLOUD COMPUTING AND BLOCKCHAIN TECHNOLOGY IN PREVENTING FRAUD IN COMMERCIAL BANKS IN SOUTH-SOUTH, NIGERIA

ABSTRACT

The study assessed the role ofcloud computing and blockchain technology in preventing fraud in commercial banks in south-south Nigeria. Descriptive survey research design was used. The study location in terms of research area was south-south Nigeria. The study population is 956 senior staff in registered commercial banks within the regions of South-South, Nigeria. This consisted of managers, accountants and cash officers of the 32 active commercial banks in South-South of Nigeria (Small and Middle-Scale Enterprise Development Agency in Nigeria (SMEDAN 2024). The study obtained a sample of 282 respondents from the overall population. The researcher devEloped a structured instrument titled: Emerging Technologies and Prevention of Fraud Occurrence (ETPFQ) for data collection. Face and content validation was used. The analysis of the data obtained was done in Cronbach Alpha where it presented a coefficient of 0.85.The research questions were addressed through the application of mean statistics, whereas the null hypotheses were examined with Analysis of Variance (ANOVA) at the .05 significance level.In conclusion, cloud computing and blockchain technology play a pivotal role in strengthening fraud prevention mechanisms in commercial banks within South-South Nigeria.The study recommended that commercial banks can strategically use cloud computing to enhance efficiency, agility and competitiveness.

KEYWORDS: Cloud Computing, Blockchain Technology, Fraud, Commercial Banks, South-South, Nigeria

NTUEN, Imoh Aniebiet, Prof. Effiong Edet ASUQUO AND Commy P. GODDYMKPA, PhD

KING-UK INTERNATIONAL JOURNAL OF ACADEMIC ANTHOLOGY, UNITED STATES, VOL.9 NO.1