Title:
Modernising Clearing Processes: Essential Factors for the Successful Implementation of Electronic Cheque-clearing in Libyan Commercial Banks

Authors:
Hani Nuri Rohuma, Asma. S. Alzwi, Mohamed M. ElMadani, Libya

Abstract:

This research aimed to examine whether Libyan commercial banks have the necessary factors to effectively implement electronic cheque-clearing. The technology, infrastructure, organisational structure, and training are the factors that are considered in this research. A structured questionnaire is distributed to the employees in the electronic clearing department of the four biggest commercial banks in Libya, namely; Jumhouria Bank, National Commercial Bank, Wahda Bank, and Sahara Bank. These banks alone hold around 71.3% of the total assets of the Libyan banking industry. After receiving 217 valid responses for analysis, the researchers conducted the One-Sample Wilcoxon Signed Rank test, the Spearman correlation test, and the Samples Kruskal-Wallis test. 

The results affirmed that there were statistically significant obstacles in the technology, infrastructure, and organisational structure factors, but not in the training. The infrastructure challenges were the first of the obstacles mentioned. Furthermore, there is a very strong and significant correlation between infrastructure factors and technical factors, as well as a strong and significant relationship between organisational structure factors and both technological and infrastructural factors. However, organisational structure, technology, and infrastructure factors have a moderately significant relationship with training factors. Ultimately, this research found that employees with different years of experience, as well as employees who have received training and those who have not, had different opinions about the essential factors required for electronic cheque-clearing to be implemented successfully in Libyan commercial banks, except for organisational structure where there are not significant differences between employees with different years of experience.