Share:


THE IMPACT OF CUSTOMER SATISFACTION IN THE BANKING SECTOR WITH REFERENCE TO FINTECH

    Mr. Karthik Reddy, Dr. Aakash Kumar, Dr. N.Gurunatha Naidu, Mr. Mahabub Basha S

Abstract

Purpose: The study aims at exposing any possible impact of customer satisfaction in the banking sector with reference to FINTECH. Research Methodology: The article explores the role of FinTech in meeting and exceeding the customer satisfaction in banking field. A total of 195 questionnaires were randomly administered to all walk-in customers at the selected banks (ICICI, HDFC, IOB, PNB and AXIS) over a period of three months. The authors have selected the Non-Probabilistic Convenient Sampling technique has been applied for the study. Findings: Study found that there is a significant relationship between customer satisfaction towards FINTECH and Ease of use, Security and Privacy, Convenience, Information presentation. Research Limitations: The results are subject to the limitation of limited data and reference period. Study is limited to sample of 195 customers from only selected banks in Bangalore city Originality/Value: In present times, researchers are showing keen interest to know the possible impact of customer satisfaction in the banking sector with reference to FINTECH. However in spite of being rapidly growing banking sector, selected banks in the present study has not been explored much. The present study aims to bridge this research gap.

Keyword : Fintech, Customer satisfaction, Banking sector, Information Technology

Published in Issue
Sep 11, 2022
Abstract Views
11
PDF Downloads
07
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

References


• Agrawal, Divya Kumar. "An Empirical Study On Socioeconomic Factors Affecting Producer’s Participation In Commodity Markets In India." Journal of Positive School Psychology (2022): 2896-2906. • Ahmed, R. R., Romeika, G., Kauliene, R., Streimikis, J., & Dapkus, R. (2020). ES-QUAL model and customer satisfaction in online banking: evidence from multivariate analysis techniques. Oeconomia Copernicana, 11(1), 59-93. DOI: https://doi.org/10.24136/oc.2020.003 • Basha, M., Singh, A. P., Rafi, M., Rani, M. I., & Sharma, N. M. (2020). Cointegration and Causal relationship between Pharmaceutical sector and Nifty–An empirical Study. PalArch's Journal of Archaeology of Egypt/Egyptology, 17(6), 8835-8842. • Basha, S. M., & Kethan, M. (2022). Covid-19 Pandemic and the Digital Revolution in Academia and Higher Education: an Empirical Study. Eduvest-Journal of Universal Studies, 2(8), 1-648. https://doi.org/10.36418/eduvest.v2i8.553 • Basha, S. M., & Ramaratnam, M. S. (2017). Construction of an Optimal Portfolio Using Sharpe's Single Index Model: A Study on Nifty Midcap 150 Scrips. Indian Journal of Research in Capital Markets, 4(4), 25-41. DOI: 10.17010/ijrcm/2017/v4/i4/120919 • Basha, S. M., Kethan, M., & Aisha, M. A. A Study on Digital Marketing Tools amongst the Marketing Professionals in Bangalore City. • Darmawan, D. (2018). The effect of service quality, customer satisfaction and corporate image on customer loyalty in the banking sector in Indonesia. DOI: 10.9790/487X-1911064651 • De Bruin, L., Roberts-Lombard, M., & De Meyer-Heydenrych, C. (2020). Internal marketing, service quality and perceived customer satisfaction: An Islamic banking perspective. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-09-2019-0185 • DrSanthosh Kumar, V., & Basha, S. M. (2022). A study of Emotional Intelligence and Quality of Life among Doctors in PandemicCovid 19. International Journal of Early Childhood, 14(02), 2080-2090. • Durgaraju, R., & Sekhar, S. C. (2021). A Perspective Research Study on the New Age Currency (The Case of Bit coin Currency System). International Research Journal of Innovations in Engineering and Technology, 5(2), 16. DOI:10.47001/IRJIET/2021.502004 • Famiyeh, S., Asante-Darko, D., & Kwarteng, A. (2018). Service quality, customer satisfaction, and loyalty in the banking sector: The moderating role of organizational culture. International Journal of Quality & Reliability Management. https://doi.org/10.1108/IJQRM-01-2017-0008 • Fida, B. A., Ahmed, U., Al-Balushi, Y., & Singh, D. (2020). Impact of service quality on customer loyalty and customer satisfaction in islamic banks in the Sultanate of Oman. Sage Open, 10(2), 2158244020919517. https://doi.org/10.1177/2158244020919517 • Golovkova, A., Eklof, J., Malova, A., & Podkorytova, O. (2019). Customer satisfaction index and financial performance: a European cross country study. International Journal of bank marketing. https://doi.org/10.1108/IJBM-10-2017-0210 • JagadeeshBabu, M. K., SaurabhSrivastava, S. M., & AditiPriya Singh, M. B. S. (2020). INFLUENCE OF SOCIAL MEDIA MARKETING ON BUYING BEHAVIOR OF MILLENNIAL TOWARDS SMART PHONES IN BANGALORE CITY. PalArch's Journal of Archaeology of Egypt/Egyptology, 17(9), 4474-4485. • Kaur, B., Kiran, S., Grima, S., & Rupeika-Apoga, R. (2021). Digital banking in Northern India: The risks on customer satisfaction. Risks, 9(11), 209. https://doi.org/10.3390/risks9110209 • Khatoon, S., Zhengliang, X., & Hussain, H. (2020). The Mediating Effect of customer satisfaction on the relationship between Electronic banking service quality and customer Purchase intention: Evidence from the Qatar banking sector. Sage Open, 10(2), 2158244020935887. https://doi.org/10.1177/2158244020935887 • Krishnamoorthy, D. N., & Mahabub Basha, S. (2022). An empirical study on construction portfolio with reference to BSE. Int J Finance Manage Econ, 5(1), 110-114. https://doi.org/10.33545/26179210.2022.v5.i1.130 • Kumar, T. S., & Sekhar, S. (2019). Impact of e-Marketing on Influencing Consumer Purchase decision. International Journal of Scientific Development and Research, 4(11). • Kumarai, G. S., Bajaj, P. K., Rana, S. S., Kethan, J., Basha, S. M., & Karumuri, V. (2022). An empirical study on customer satisfaction towards organized retail outlets in Bengaluru city, Karnataka. Academy of Marketing Studies Journal, 24, 1-11. • Li, F., Lu, H., Hou, M., Cui, K., & Darbandi, M. (2021). Customer satisfaction with bank services: The role of cloud services, security, e-learning and service quality. Technology in Society, 64, 101487. https://doi.org/10.1016/j.techsoc.2020.101487 • M. Kethan, & Mahabub Basha S. (2022). Relationship of Ethical Sales Behaviour with Customer Loyalty, Trust and Commitment: A Study with Special Reference to Retail Store in Mysore City. East Asian Journal of Multidisciplinary Research, 1(7), 1365–1376. https://doi.org/10.55927/eajmr.v1i7.874 • Özkan, P., Süer, S., Keser, İ. K., & Kocakoç, İ. D. (2019). The effect of service quality and customer satisfaction on customer loyalty: The mediation of perceived value of services, corporate image, and corporate reputation. International Journal of Bank Marketing. https://doi.org/10.1108/IJBM-03-2019-0096 • Pakurár, M., Haddad, H., Nagy, J., Popp, J., & Oláh, J. (2019). The service quality dimensions that affect customer satisfaction in the Jordanian banking sector. Sustainability, 11(4), 1113. https://doi.org/10.3390/su11041113 • Rana, S. (2022). Consumer Awareness And Perception Towards Green Marketing: An Empirical Study In Bangalore City. Journal of Positive School Psychology http://journalppw. com, 6(5), 4240-4245. • Raza, S. A., Umer, A., Qureshi, M. A., & Dahri, A. S. (2020). Internet banking service quality, e-customer satisfaction and loyalty: the modified e-SERVQUAL model. The TQM Journal. https://doi.org/10.1108/TQM-02-2020-0019 • Sanjuq, G. (2014). The impact of service quality delivery on customer satisfaction in the banking sector in Riyadh, Saudi Arabia. International Journal of Business Administration, 5(4), 77. http://dx.doi.org/10.5430/ijba.v5n4p77 • Sekhar, M. S. C., Ashalatha, D., & Gorkhe, M. (2022). Corporate Governance-Impact on Financial Performance of Selected ITCompanies in Bengaluru City. Journal of Contemporary Issues in Business and Government Vol, 28(03). DOI: 10.47750/cibg.2022.28.02.068 • Sekhar, S. C., & Radha, N. (2019). Impact of globalization on msme: prospects, challenges and policy implementation on economic growth. International Journal of Trend in Scientific Research and Development, 3(6), 536-541. • Shaik, M. B. ., Kethan, M., T. Jaggaiah, & Mohammed Khizerulla. (2022). Financial Literacy and Investment Behaviour of IT Professional in India. East Asian Journal of Multidisciplinary Research, 1(5), 777–788. https://doi.org/10.55927/eajmr.v1i5.514 • Shaik, M. B., Kethan, M., Rani, I., Mahesh, U., Harsha, C. S., Navya, M. K., & Sravani, D. (2022). WHICH DETERMINANTS MATTER FOR CAPITAL STRUCTURE? AN EMPIRICAL STUDY ON NBFC'S IN INDIA. International Journal of Entrepreneurship, 26, 1-9. • Yilmaz, V., Ari, E., & Gürbüz, H. (2018). Investigating the relationship between service quality dimensions, customer satisfaction and loyalty in Turkish banking sector: An application of structural equation model. International journal of bank marketing. https://doi.org/10.1108/IJBM-02-2017-0037