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.
Inventory Management involves responsibilities for maintaining inventory, audit of parts, supplies, materials and equipment. It is more than knowing what products are in stock and in what quantity. Inventory managers responsibility includes knowing what to stock, how to position and present each product, and how to replenish inventory. Forecasting product trends and understanding current inventory management technology are also important.
SEBON has introduced a mechanism of application(ASBA) to the public issue for the first time in Nepal. Previous hassle of application has been cut down and lengthy process of application has been shortening down.
Cards, online banking etc. are new manner of transactions on these days but the importance of signature on cheque and other document is still on. Sometimes a single signature carries millions of dollars. In Nepalese banking scenarios, withdrawal money by forged signature is normal phenomenon today. And also the returning genuine cheques give bad impact to the customers in competition market and sometimes push them to go through other banks.