What is core banking? Initially when banks expanded to different cities and states‚ they provided branch specific banking. So if a customer has a bank account with a bank in city A‚ he cannot use the services of a branch in city B. The bank would usually delay the processing of financial instruments issued from some other branches to 2-3 working days. Then came the concept of Core Banking. Wherein‚ a customer who has an account with the bank can use any of its branches irrespective of the city
Premium Bank
Investment Banking in 2008 Group Report 1. Failure Analysis: Identify the major factors that contributed to Bear Stearns’s failure? Who stood to benefit from its implosion? How did Bear Stearns’s collapse differ from the ‘Long Term Capital Management’ failure a decade earlier? What could Bear Stearns have done differently to avoid this fate? In the early 2000’s? And during the summer of 2007? And during the week of March 10‚ 2008? (1) Identify
Premium Bank Subprime mortgage crisis Financial services
The term fraud is defined in different ways by different authors. Boniface (1991) defined fraud as any premeditated act of criminal deceit‚ trickery or falsification by a person or group or persons with the intention of altering facts in order to obtain in due personal monetary advantage. It usually involves the perpetration of some forgery or falsification of documents or illegal authorisation of signature. The certified fraud examines in Adeyemo (2012) defines fraud as illegal acts characterized
Premium Bank Fraud Commercial bank
PRACTICAL BANKING PROJECT TOPIC: ONLINE BANKING BY: KRANTHI KUMAR KATAM(12BEC0067) LOKESH NARRAVULA(12BEC0623) ABDUL(12BEC0) ABSTRACT: Online banking also called Internet banking can be defined as performing financial transactions over the Internet through a bank’s website. Online banking provides many advantages to consumers. Consumers can access data any time‚ anywhere irrespective of location and hours of operation of the bank. Customers are not the only beneficiary of this new service. Making
Premium Bank Online banking
Page - 1 Mobile Banking (also known as M-Banking‚ m-banking‚ SMS Banking‚ etc.) is a term used for performing balance checks‚ account transactions‚ payments‚ etc.‚ via a mobile device such as a mobile phone. It was Internet Banking‚ which ushered in a new era in banking convenience by bringing the entire operations to the computer‚ and now mobile banking promises to take it to the next level. Internet Banking helped give the customers anytime access to their banks. Customers could check out their
Premium Mobile phone
CONTENTS 1. INTRODUCTION 3 1.1. Background Information 3 1.2. Research Problem 3 1.3. Objectives 4 1.3.1 Project Objectives 4 1.3.2 System Objectives 4 1.4. Significance of the Study 5 2. LITERATURE REVIEW 6 2.1. Online Banking 6 2.2. History of Online Banking 6 2.3. General Statistics 7 1. INTRODUCTION 1.1. Background Information Jumuia Bank is a renowned bank in Kenya which has over 46 branches nationwide in Kenya. Its headquarters is located in Nairobi in Hurlingham‚ Lenana
Premium Bank Online banking
Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report no. 458 July 2010 This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors
Premium Bank Central bank Finance
History of Banking MONETARY The history of banking depends on the history of money- Two of the earliest things understood as available to barter are -Grain-Money -Food Cattle-Money ((((Grain-money and food cattle-money are used from at least 9000 BC)))) Anatolian Obsidian as a raw material for stone-age tools being distributed as early as 12‚500 B.C.‚ with organized trade occurring in the 9th millennium. ((((In Sardinia one of the four main sites for sourcing the material deposits of obsidian
Premium Bank Florence 2nd millennium
BRANCHLESS BANKING IN PAKISTAN Submitted To Sir Fida Hussain Bukhari Submitted By Syed Qasim Raza Roll No Mi08Bbba011 Hailey College of Banking & Finance Punjab University ACKNOWLEDGEMENT Words will never be able to express enough my fervent gratitude to almighty Allah‚ the most compassionate and merciful‚ for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and
Premium Bank Mobile phone
Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
Premium Islamic banking Fractional-reserve banking Bank