Effects of Technology Innovation in Commercial Bank Performance in Tanzania

This study will examine the contribution of the technology advancement on improving the performance of commercial Bank in Tanzania. Technology and Commercial Bank sector plays an important role in development in the economy especially for the less developed countries. This serves as the role of heart of the body of human to pump the financial resources that are necessary for the growth of economy and the well being of a nation and her people. The research has focused on the contribution of the Technology and Commercial Bank sector on economy efforts among the people of Tanzania, Technology and Commercial Bank has been looked at four main variables namely as income, employment level, saving and assets ownership by the people of Tanzania, In order to analyze the contrition of Technology and Commercial Bank institutions in Tanzania. On the above mentioned parameters, primary date was collected through questionnaires for 300 respondents. The research found that there has been significant challenges among People as recognized and proved by an increase in income employment level saving and assets ownership to them in which case Technology and Commercial Bank has resulted. Apart from these achievements it is recommended that the Technology and Commercial Bank section should invest more in order to advertise its service so that to recruit more people for them. Also instead of concentrating in urban areas only, there is need for them to expand services to the rural areas whereby the there‘s no investment of Technology and commercial Bank