Unlocking Synergies: Assessing Technological Collaboration and Sharing Economy Dynamics in Ethiopian Banks
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Date
2023-06-06
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A.A.U
Abstract
The study focused on assessing the current status of technology platform sharing among Ethiopian
banks to enhance collaboration and innovation within the industry. Through qualitative data
analysis the research findings highlighted the positive influence of technology platform sharing on
operational capabilities, product offerings, and customer experiences in Ethiopian banks. The
discussion emphasized the need for increased collaboration and resource sharing among banks,
regulatory bodies, and technology providers. By actively exploring opportunities for technology
platform sharing, banks can benefit from cost reduction, knowledge exchange, improved
efficiency, and innovation. The study also addressed challenges and barriers associated with
technology sharing, including reliable technical support, flexible governance mechanisms,
dependency risks, and knowledge gaps. Based on the research findings, the conclusion was drawn
that technology sharing initiatives hold great potential for the Ethiopian banking sector. However,
to ensure successful implementation, a balanced approach between collaboration and competition
must be maintained, allowing banks to differentiate themselves while leveraging shared platforms.
The recommendations proposed a series of actions for different stakeholders. Banks were advised
to embrace technology adoption, promote technology platform sharing, foster awareness and
education, and find a balance between collaboration and competition. Regulators were urged to
establish regulatory support and remove potential barriers to technology sharing. Technology
sharing platform operators were encouraged to foster collaboration and address challenges
through effective communication and trust-building measures. The Ethiopian Bankers Association
was recommended to initiate a technology sharing platform, conduct comprehensive assessments,
and prepare periodical insight reports.
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Keywords
Technology Platform Sharing, Collaboration, Technology Adoption, Synergy, Ethiopian Banks