Chapter One — 1.1 Background to the Study

Automated Teller Machine (ATM) Usage has increasingly attracted the attention of researchers, regulators, and practitioners concerned with profitability of deposit money banks. This growing interest reflects the recognition that automated teller machine (ATM) usage does not operate in isolation, but interacts with a wider set of institutional and market conditions found within Selected Fintech Companies in Nigeria.

Selected Fintech Companies in Nigeria presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

Despite a growing body of literature on automated teller machine (ATM) usage, there remains limited consensus on the precise nature of its relationship with profitability of deposit money banks, particularly within Selected Fintech Companies in Nigeria. Many organizations continue to make decisions about automated teller machine (ATM) usage without a clear, evidence-based understanding of how those decisions ultimately affect profitability of deposit money banks. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Automated Teller Machine (ATM) Usage on profitability of deposit money banks in Selected Fintech Companies in Nigeria.
2. To assess the extent to which automated teller machine (ATM) usage influences profitability of deposit money banks within the study area.
3. To identify the challenges associated with automated teller machine (ATM) usage in relation to profitability of deposit money banks.
4. To recommend strategies for optimizing automated teller machine (ATM) usage in order to improve profitability of deposit money banks.

1.4 Research Questions

1. What is the effect of automated teller machine (ATM) usage on profitability of deposit money banks in Selected Fintech Companies in Nigeria?
2. To what extent does automated teller machine (ATM) usage influence profitability of deposit money banks within the study area?
3. What challenges are associated with automated teller machine (ATM) usage in relation to profitability of deposit money banks?
4. What strategies can be adopted to optimize automated teller machine (ATM) usage in order to improve profitability of deposit money banks?

1.5 Significance of the Study

This study is significant to a range of stakeholders. For policymakers and regulators, the findings offer evidence to guide the design of frameworks that support healthier outcomes around profitability of deposit money banks. For managers and practitioners within Selected Fintech Companies in Nigeria, the study provides practical insight into how automated teller machine (ATM) usage can be better managed. Finally, it contributes to the academic literature on finance / banking by extending existing knowledge into a specific empirical context, and offers a reference point for future researchers.

1.6 Scope of the Study

The study is limited to an examination of Automated Teller Machine (ATM) Usage and its relationship with profitability of deposit money banks within the context of Selected Fintech Companies in Nigeria. It reflects a BSc-level scope of analysis and relies on data and perspectives available within that scope; generalizing the findings beyond this specific context should therefore be done with appropriate caution.