Importance of Outsourcing in Banking Industry Nowadays outsourcing is well practiced in banking industry. The concept of outsourcing is as old as the existence of the human community. With the […]
Background Risk is the probability of incurring a loss or damage because of actual outcome being different from the expected outcome. This means that, broader the range of possible outcomes, […]
Background Occupational fraud has become a major concern for any nonprofit organization. So, implementing effective fraud risk management system is very important in development organizations. Occupational Fraud Occupational fraud is a […]
Background Behavioral red flag is one of the fraud indicator in an organization. One needs to understand the significance of red flags and take appropriate action on time. As in […]
Background Like any other industries, banking industry of Nepal has been taking rapid strides in the advancement of technology. Some of the reasons for forcing banks for the aggressive infusion […]
Banks are expected to identify and assess the operational risks in all the existing products and services and systems before formulating a clear-cut policy. Such identification is a must before a new product or process or system is introduced and a fool-proof system should be in place to avoid the damages that may be caused on account of human or system failure.