Risk Management Principles for Electronic Banking
| Institution | UNIVERSITY |
| Course | BACHELOR OF BUSINESS... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | stephen oyake rabilo |
| File Type | |
| Pages | 35 Pages |
| File Size | 190.54 KB |
| Views | 2284 |
| Downloads | 0 |
| Price: |
Buy Now
|
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.
HOMESCIENCE FORM 2 NOTES
Trending!
UPDATED HOMESCIENCE FORM 2 NOTES
45 Pages
3308 Views
1 Downloads
854.13 KB
HOMESCIENCE FORM 3 NOTES
Trending!
UPDATED HOMESCIENCE FORM3 NOTES
93 Pages
2558 Views
0 Downloads
972.83 KB
HOMESCIENCE FORM 4 NOTES
Trending!
UPDATED HOMESCIENCE FORM 4 NOTES
72 Pages
2707 Views
3 Downloads
915.65 KB
MATHEMATICS FORM 1 NOTES
Trending!
UPDATED MATHEMATICS FORM1 NOTES
563 Pages
3457 Views
2 Downloads
3.12 MB
MATHEMATICS FORM 2 NOTES
Trending!
UPDATED MATHEMATICS FORM 2 NOTES
146 Pages
3419 Views
5 Downloads
4.45 MB
MATHEMATICS FORM 3 NOTES
Trending!
UPDATED MATHEMATICS NOTES FORM 3
203 Pages
4367 Views
1 Downloads
6.08 MB
MATHEMATICS FORM 4 NOTES
Trending!
UPDATED MATHEMATICS NOTES FORM 4
126 Pages
3414 Views
2 Downloads
3.43 MB
A GUIDE TO A DOLLS HOUSE
Trending!
UPDATED GUIDE TO A DOLLS HOUSE
242 Pages
2171 Views
0 Downloads
1.1 MB
BLOSSOMS OF SAVANNAH GUIDE
Trending!
UPDATED BLOSSOMS OF SAVANNAH GUIDE
101 Pages
2441 Views
0 Downloads
1.13 MB