Risk Management

Conference on Cyber Security

Cybercrime has plagued the global banking system over the last few years. The amount of money being taken in cyber-heists, in both banking and elsewhere, has reached staggering levels. Last year, the theft  of $81 million in February 2016 from Bangladesh’s central bank using SWIFT messages rocked the banking industry. Recently on October 2017, hackers managed to pinch $60m from the Far Eastern International Bank in Taiwan by infiltrating malware in the system and gain control over the SWIFT access. Reserve Bank of India (RBI) reported 16,468 instances of financial cybercrime in 2015-16.

Operational Risk Management

Operational Risk has been increasing day by day in the Nepalese Financial Sector and large risks events are taking place one after another. INR Draft events taken place in Kathmandu, good for payment incident happened at one of the development banks and remittance fund embezzlement case incurred at one of the large commercial banks are the examples of a few incidents.

Fraud Mitigation Techniques @ Birtamod

Signature verification and counterfeit currency detection are day to day events in banks. And fresh hand will have fewer ideas to mitigate such risk. Also the first step to minimize risk is properly handled document with best knowledge of customers. This program is basically to generate ideas to know the customer properly and handling their cheques and cash in proper way.

 

IT Security

Many Operational Risk events are taking place in the industry, which is in increasing trend. The risk event types indicate that it is happening on account of inadequate systemic infrastructure, unskilled human resource depending on a few IT personals and inadequate knowledge and skills on IT of the senior officials who supervise IT personals.

Operational Risk Management @ Itahari

Operational Risk has been increasing day by day in the Nepalese Financial Sector and large risks events are taking place one after another. INR Draft events taken place in Kathmandu, good for payment incident happened at one of the development banks and remittance fund embezzlement case incurred at one of the large commercial banks are the examples of a few incidents.

Operational Risk Management

As the size and complexity of financial institutions have increased, so too have the challenges of understanding and reducing operational risks down to truly manageable levels. Increased regulatory concern and scrutiny have also increased the cost of operational risk events in the shape of outright financial loss, regulatory fines and declining customer confidence.

Risk in Document Handling @ Hetauda

For financial institutions, to identify the person and their intention is always key issue. For this, knowing the customer is always essential. And upgrading this mechanism NRB is regularly monitoring and circulating new guidelines. But how we can observe all these things to implement all those properly is still a major problem. This program will fully support to apply those technical events with cross-check manner.

Operational Risk Management @ Birgunj

Operational Risk has been increasing day by day in the Nepalese Financial Sector and large risks events are taking place one after another. INR Draft events taken place in Kathmandu, good for payment incident happened at one of the development banks and remittance fund embezzlement case incurred at one of the large commercial banks are the examples of a few incidents.

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