Risk Management Principles for Electronic Banking

Institution UNIVERSITY
Course BACHELOR OF BUSINESS...
Year 1st Year
Semester Unknown
Posted By stephen oyake rabilo
File Type pdf
Pages 35 Pages
File Size 190.54 KB
Views 3353
Downloads 0
Price: Buy Now whatsapp Buy via whatsapp
  • whatsapp
  • facebook
  • twitter

Description

Continuing technological innovation and competition among existing banking organizations and new entrants have allowed for a much wider array of banking products and services to become accessible and delivered to retail and wholesale customers through an electronic distribution channel collectively referred to as e-banking. However, the rapid development of e-banking capabilities carries risks as well as benefits. The Basel Committee on Banking Supervision expects such risks to be recognised, addressed and managed by banking institutions in a prudent manner according to the fundamental characteristics and challenges of e-banking services. These characteristics include the unprecedented speed of change related to technological and customer service innovation, the ubiquitous and global nature of open electronic networks, the integration of ebanking applications with legacy computer systems and the increasing dependence of banks on third parties that provide the necessary information technology. While not creating inherently new risks, the Committee noted that these characteristics increased and modified some of the traditional risks associated with banking activities, in particular strategic, operational, legal and reputational risks, thereby influencing the overall risk profile of banking.
Below is the document preview.

No preview available
COMMUNITY PSYCHOLOGY Trending!
A community is a social unit (a group of living things) with commonality such as norms, religion, values, customs, or identity. Communities may share a sense of place situated in a given geographical area (e.g. a country, village, town, or neighborhood) or in virtual space through communication platforms. Durable relations that extend beyond immediate genealogical ties also define a sense of community, important to their identity, practice, and roles in social institutions such as family, home, work, government, society, or humanity at large.[. Although communities are usually small relative to personal social ties, "community" may also refer to large group affiliations such as national communities, international communities, and virtual communities.[3]
6 Pages 2290 Views 0 Downloads 738.99 KB
SITE ANALYSIS AND SET UP
The physical characteristics of the site and its immediate environment will influence the decisions to be made about a buildings design and construction. the information gathered from a thorough site analysis is, therefore, a vital exercise and must be completed before any design or construction work commences
23 Pages 1897 Views 0 Downloads 985.1 KB
Physical Planning Act
In the interpratation rules, unless the context otherwise requires— “applicant” means the owner, lessee or occupier, of land or premises and includes his duly authorized agent or representative; “building” has the meaning assigned to it by section 3 of the Act; “building line” means a line drawn across a plot such that no building or permanent structure, except a wall of approved design enclosing the plot, may be within the area contained between that line and the nearest road on which the plot has frontage; “business or commercial area” means any area or zone wherein the building will be permitted of business and commercial premises and such other building as the Director of Physical Planning may approve and includes land used as open space or other public place;
63 Pages 1718 Views 0 Downloads 1.35 MB
BEHAVIOUR AND BEHAVIOUR MODIFICATION
The course reinforces aspects of positive change in behaviour that includes attitudes and problems as a result of misconduct. It explores ways in which behaviour may be said to be pathological and consequently the need for desirable positive amendment in behaviour and the ways this can be improved or brought about, as well as intervention techniques that can be used for this purpose. The course further seeks insight and special attention to the relationships between counsellor and client in transforming behaviour in therapy as well as general psychology including dealing with children, adolescence, mid-life crisis and adults. The influence of the therapist, the power of the counsellor – client relationship and their effects on psychological management are highlighted.
59 Pages 891 Views 0 Downloads 1.34 MB
FINANCE & BUDGETING Trending!
Financial Controls are processes, policies and procedures that are implemented to manage finances. It is the control of financial resources as they flow into the organization.They play a role in achieving an organization's financial goals. Controls may be implemented with accountabilities, responsibilities and automation.
21 Pages 2134 Views 0 Downloads 1.07 MB
HUMAN RESOURCE MANAGEMENT(HRM) Trending!
HRM ensures that highly skilled and qualified employees with the abilities to perform specific tasks are recruited, placed, trained, developed, and motivated to ensure that their maximum potential is tapped.
18 Pages 2918 Views 0 Downloads 778.97 KB
OFFICE ADMINISTRATION
An office is any place set aside for work of clerical nature, It serves as the administrative centre of the organisation.
9 Pages 815 Views 0 Downloads 512.11 KB
BUSINESS LAW SHORT NOTES Trending!
Business law - is defined as rules that govern business relationships.It is the body of law which governs business activity. It is concerned with the day to day operations of a business e.g. regulations, licenses, contracts, accounting, taxes, etc. It governs the interactions between a business and its third party; - customers, vendors, suppliers, society, etc.
11 Pages 3352 Views 2 Downloads 872.42 KB
PROJECT PLANNING & MANAGEMENT SHORT NOTES Trending!
Project Planning relates to the use of schedules to plan and subsequently report progress within the project environment. Project management is the process of combining systems, techniques and knowledge to complete a project within established goals of time, budget and scope.
15 Pages 3266 Views 1 Downloads 742.38 KB
PRODUCTION MANAGEMENT Trending!
Production is the process of producing goods from raw materials, It embraces all the processes of manufacturing goods and all those activities which help in the manufacture of the goods.
21 Pages 2178 Views 0 Downloads 624.85 KB