Financial Fraud is an escalating threat in Banking and Financial Industry. Nepalese Banking Industry have experienced various scale of financial frauds and it is imperative that organizations have a clear understanding of the threat that corporate and financial fraud poses.
Bankers have to deal with numbers whether while accepting cash or making payment of cheques or analysing the credit proposals or carrying out any other activities. In many areas the software installed by the BFIs helps the staffs to get their job quickly and accurately.
We learn from the experiences and expertise of great Coaches that the best coaching took place when the coach knew nothing about the game, for example in the case of tennis instructor coaching a cricket player—because this forced the coach to let the player find his/her own answers.
It is noteworthy to mention that Bank employees especially in Nepal, (besides the core liability team), do not realize and accept that it is everyone’s business to pull in money to the organization for further business opportunities. A shift in job rotation from any department to liability is of
Traditionally banking activities related with cards & E-banking products are considered to be head office functions as a result training on such products is limited to staffs of IT Department of Card & E-Banking.