Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya

M. Achieng

doi:doi:10.11648/j.ijiis.20130202.13

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Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya

M. Achieng

Published in International Journal of Intelligent Information Systems (Volume 2, Issue 2)

Received: 24 April 2013 Accepted: Published: 30 May 2013

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Abstract

Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.

Published in	International Journal of Intelligent Information Systems (Volume 2, Issue 2)
DOI	10.11648/j.ijiis.20130202.13
Page(s)	40-45
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Information Technology, Sustainable Entrepreneurship, Financial Institutions, Small and Medium Enterprises

References

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[13]	Micro, Small and Medium-Sized Enterprises Strategy. Document of the European Bank for Reconstruction and Development. (2006)
[14]	Richard Duncombe and Richard Heeks (2005). Information & Communication Technologies (ICTs), Poverty Reduction and Micro, Small & Medium-scale Enterprises (MSMEs). A framework for understanding ICT applications for MSMEs in developing countries
[15]	IT-Enabling Services (ITES) Industry Support Sub-Component. An ICT-based SME model by GoG. Retrieved from: http://www.ites.gov.gh/IT-Industry.aspx. Date: 01/12/2011
[16]	Debasish Maitra.(2010). SME & Technology-A New Business Metric
[17]	Promoting Public-Private Partnerships: An innovative business model to foster pro-poor growth through Information and Communication Technology (ICT). UNIDO-Microsoft report (2008)
[18]	Roberto Zavatta. (2008). Financing Technology Enterpreneurs & SMES in Developing Countries: Challenges and Opportunities. An infoDev publication
[19]	Rebecca Wanjiku. (2008). Kenyan bank launches online banking. IDG News Service, Nairobi Bureau.
[20]	Richard Nyangosi. (2008). E-Banking: An Integration Technology in Kenya.
[21]	Isaac Awuondo. (2006). e-Banking in Kenya: Practical lessons to be drawn
[22]	Malek AL-Majali. (2011). Modeling the antecedents of internet banking service adoption (IBSA) in Jordan: A Structural Equation Modeling (SEM) approach
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APA Style

M. Achieng. (2013). Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. International Journal of Intelligent Information Systems, 2(2), 40-45. https://doi.org/10.11648/j.ijiis.20130202.13

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ACS Style

M. Achieng. Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. Int. J. Intell. Inf. Syst. 2013, 2(2), 40-45. doi: 10.11648/j.ijiis.20130202.13

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AMA Style

M. Achieng. Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. Int J Intell Inf Syst. 2013;2(2):40-45. doi: 10.11648/j.ijiis.20130202.13

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@article{10.11648/j.ijiis.20130202.13,
  author = {M. Achieng},
  title = {Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya},
  journal = {International Journal of Intelligent Information Systems},
  volume = {2},
  number = {2},
  pages = {40-45},
  doi = {10.11648/j.ijiis.20130202.13},
  url = {https://doi.org/10.11648/j.ijiis.20130202.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijiis.20130202.13},
  abstract = {Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.},
 year = {2013}
}

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TY  - JOUR
T1  - Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya
AU  - M. Achieng
Y1  - 2013/05/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijiis.20130202.13
DO  - 10.11648/j.ijiis.20130202.13
T2  - International Journal of Intelligent Information Systems
JF  - International Journal of Intelligent Information Systems
JO  - International Journal of Intelligent Information Systems
SP  - 40
EP  - 45
PB  - Science Publishing Group
SN  - 2328-7683
UR  - https://doi.org/10.11648/j.ijiis.20130202.13
AB  - Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.
VL  - 2
IS  - 2
ER  -

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Author Information

M. Achieng

School of Pure & Applied Sciences, Karatina University, Karatina, Kenya

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APA Style

M. Achieng. (2013). Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. International Journal of Intelligent Information Systems, 2(2), 40-45. https://doi.org/10.11648/j.ijiis.20130202.13

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ACS Style

M. Achieng. Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. Int. J. Intell. Inf. Syst. 2013, 2(2), 40-45. doi: 10.11648/j.ijiis.20130202.13

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AMA Style

M. Achieng. Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya. Int J Intell Inf Syst. 2013;2(2):40-45. doi: 10.11648/j.ijiis.20130202.13

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@article{10.11648/j.ijiis.20130202.13,
  author = {M. Achieng},
  title = {Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya},
  journal = {International Journal of Intelligent Information Systems},
  volume = {2},
  number = {2},
  pages = {40-45},
  doi = {10.11648/j.ijiis.20130202.13},
  url = {https://doi.org/10.11648/j.ijiis.20130202.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijiis.20130202.13},
  abstract = {Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.},
 year = {2013}
}

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TY  - JOUR
T1  - Assessing the Readiness by SMEs and Financial Institutions in The Establishment of an Integrated ICT Infrastructure for Financial Transactions in Kenya
AU  - M. Achieng
Y1  - 2013/05/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijiis.20130202.13
DO  - 10.11648/j.ijiis.20130202.13
T2  - International Journal of Intelligent Information Systems
JF  - International Journal of Intelligent Information Systems
JO  - International Journal of Intelligent Information Systems
SP  - 40
EP  - 45
PB  - Science Publishing Group
SN  - 2328-7683
UR  - https://doi.org/10.11648/j.ijiis.20130202.13
AB  - Small and Medium Enterprises (SMEs), mostly in the third world countries face many challenges in the management of finances; namely: the ability to determine daily net earnings after the daily ratios for recurrent monthly deductions such loan premiums and utility bills are made. The main reason is the lack of an elaborate information technology infrastructure that directly targets this vital economic sub-sector for linking it to the general infrastructure that administers other financial transactions. In this article, we report the findings of a research conducted in assessing the readiness of SMEs and the Kenyan financial institutions in the use of information technology to specifically address these challenges.
VL  - 2
IS  - 2
ER  -

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