The most recently introduced delivery channel is online or electronic banking also known as e-banking (Daniel & Storey‚ 1997. An online or electronic banking system provides easy means of accessing and processing financial transactions. Banks and other financial institutions have moved to e-banking in their efforts to cut costs while maintaining reliable customer service (Kolodinsky and Hogarth‚ 2001). It is evident that e-banking has been embraced by banks and other financial institutions in
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One of the most common forms of employee fraud that we have been seeing for quite some time involves access to internet banking. Businesses often have two signatories for company cheques but allow full single user access to their internet banking. The result is an accident waiting to happen. An internet banking fraud of $20 million was reported today in the Sydney Morning Herald involved the payroll manager of listed white goods retailer‚ Clive Peeters. Full story : http://business.smh.com.au/
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INTRODUCTION Banking reforms have been an on going phenomenon around the world right from the 1980s‚ but it is more intensified in recent time because of the impact of globalisation which is precipitated by continuous integration of the world market and economies. Banking reforms involve several elements that are unique to each country based on historical‚ economic and institutional imperatives. In Nigeria‚ the reforms in the banking sector preceded against the backdrop of banking crisis due
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THE LEGAL FRAMEWORK OF NON-INTEREST BANKING IN NIGERIA BY AISHA‚ MAHMOUD H. DEPARTMENT OF ACCOUNTING AHMADU BELLO UNIVERSITY‚ ZARIA AND OMOLOLA‚ ADEGBENGA O. DEPARTMENT OF ACCOUNTING AHMADU BELLO UNIVERSITY‚ ZARIA DECEMBER‚ 2012 Abstract A Central Bank (CB) in any economy is regarded as the apex regulatory institution of the Banking Sector and indeed the entire financial system. This is in view of the fact that it is empowered by law to (amongst others functions)
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CHAPTER THREE RESEARCH METHODOLOGY 3.1 AREA OF STUDY The area of study o this research work is to determine the effect of monetary policy on the performance of banks in Nigeria. This study will cover all the commercial banks that have been in existence since 1975-2004. More so‚ the aggregates rate is used in assessing their performance. 3.2 METHOD OF INVESTIGATION/SOURCE OF INFORMATION According to Asika (2002)‚ research work can be defined as the restructuring of investigation aimed at identifying
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Introduction Cyber-crime is a generic term that refers to all criminal activities done using the medium of computers‚ the Internet‚ cyber space and the worldwide web. There isn’t really a fixed definition for cyber-crime. The Nigerian Harmonized Cyber Security Bill of 2011 explains Cyber Crime as all crime emarginated offline which can be achieved with the use of computer networks as a tool‚ threats to lives and properties‚ disruption of critical services‚ terrorism and economic sabotage‚ propaganda
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Determinants of SMEs Perceptions towards Electronic Banking Dr Ahmad Kaleem Associate Professor Department of Business Administration Lahore School of Economics‚ Lahore‚ Pakistan. Email: drkaleem@lahoreschool.edu.pk Abstract Electronic distribution channels have gained increasing popularity in recent years. It provides alternatives for faster delivery of banking services to a wider scope of customers. This study aims to collect the SMEs owners/executives/managers perceptions
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ONE INTRODUCTION 1.1 BACKGROUND OF STUDY The Nigeria banking industry has witnessed a lot of changes since the mid 1980’s and this is reflected in the increased volume and complexity of bank operations‚ increased innovations and varieties in product and service delivery. These development have not only been technology driven but have influenced move technological advances. Information technology which is the foundation of modern electronic banking through desktop computers and terminals provide
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due to the characteristics of banking business‚ banks’ AIS have specific important features related to their liquidity management and
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Fraud Fraud is listed by the 2003 UK Threat Assessment issued by the National Criminal Intelligence Service as one of the seven most significant threats facing the world1. What is a Fraud? A fraud is when one party deceives or takes unfair advantage of another. A fraud includes any act‚ omission‚ or concealment‚ involving a breach of legal or equitable duty or trust‚ which results in disadvantage or injury to another. In fact‚ in a broad strokes definition‚ fraud is a deliberate misrepresentation which
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