This paper was based on secondary data research and literature study. And was an attempt to understand Digital innovation and the factors that influence adoption, its benefits, complexities, and the measures that can be used to manage the intricacies of maintaining these technologies in the Nigerian banking sector. The importance of adopting structured practices was also examined to manage these innovative technologies.The findings suggest that the adoption of cyber security mechanisms, risk management processes and business continuity processes would reduce the negative impacts of digital innovation. The major limitations of the study are the sample size, gaps in research done on this topic; from a Nigerian perspective, time constraints, and competing projects. Nonetheless, the study leveraged on thought leadership, deep industry research, and thorough analysis to arrive at the conclusions which players in the industry would find beneficial.It would be valuable for Nigerian banks to apply the procedures used for this paper, and it gives an insight into the future of innovation and measures that can be adopted to avoid its related risks.Keywords: Digital innovation, banks, technology, risks, complexities, cybersecurity.
