Search Results for « Banking Sector »

The cyberfraud techniques emerged as a significant threat to the banking sector in Nigeria. Bank customers have been losing their hard-earned funds to these measures due to a lack of sufficient awareness of the cyberfraud tactics and preventive measures. There has been an increased rate of loss recorded annually in the banking sector due to fraud. The banking sector in Nigeria recorded a loss to a tune amount of ₦17.6bn in 2023 amount higher than the budget allocation for education in most states of the country. Social engineering remains the persistent and predominant technique fraudsters employ to defraud bank customers in Nigeria. Phishing, identity theft, login credential theft, ATM card swap, and skimming are other techniques cybercriminals employ. This research paper aims to examine and analyze the modus operandi of these techniques and explore the strategic preventive measures that can be implemented by customers to mitigate these risks, such as using advanced cybersecurity technologies, multi-factor authentication systems, employee training, as well as regulatory controls. The paper highlights the significance of a proactive and adaptive cybersecurity posture, continuous monitoring, and collaboration with regulatory bodies to enhance the resilience of the banking sector against cyber threats. The research focuses more on cyberfrauds targeting bank customers, and secondary data will be used for research purposes.

In recent years, European policy makers have ramped up their efforts to create a regulatory framework for improving sustainability in the financial system. We contribute to the on-going debate on Environmental, Social and Governance in the banking sector by providing an organic overview of the European policies put in place. The legislative framework is currently being enriched by policy makers and regulators that are carefully pursuing the objective of a more sustainable economic system, where financial institutions may act as catalysts. We also offer a comparison of the national level regulations for ESG practices in banking institutions and the related disclosure requirements.

Paper examines determinants of efficiency in the Czech banking sector within 2001-2012. Employing the Data Envelopment Analysis we estimated efficiency of the Czech banking sector. Determinants of banking efficiency were estimated using panel data analysis. The level of capitalization, liquidity risk and riskiness of portfolio had a positive impact on banking efficiency. ROA, interest rate and GDP had a negative impact on efficiency in CCR model. In BCC model, the liquidity risk and riskiness of portfolio had a positive impact on efficiency and GDP had a negative impact on efficiency. Other determinants were not statistical significant.

The last few years have brought significant changes to the functioning of banks.One of the most important ways of adaptation to the changing economic environment that reduces operational costs is outsourcing.In this paper, we describe changes in the institutional shape of the Polish banking system after the Global Financial Crisis, and the role of outsourcing processes in it.We examine the literature concerning outsourcing; reasons for implementation of outsourcing, and the factors influencing the success of outsourcing will be defined and discussed.The paper also explains the most important risks and challenges of outsourcing.Furthermore, based on the objective data from reports, strategies and other documents of banking sector institutions, and on the results of a pilot study questionnaire for banking professionals, we discuss the role of outsourcing in Poland in several aspects, and from different perspectives.Finally, we assess the place of Poland in the web of global banking outsourcing, and postulate deeper analysis of ethics and morality in outsourcing processes.

Purpose Intellectual capital is widely acknowledged as the most critical resource of modern organizations. Nevertheless, empirical evidence on its actual contribution to the dynamics of the value creation process remains scarce, especially within certain sectors and geographic regions. The purpose of this paper is to address this gap by investigating the effects of intellectual capital and its components on business performance in banking institutions within Luxembourg and Belgium. Design/methodology/approach This empirical research is conducted using a dedicated survey instrument administered to over 200 banks. Data analysis is achieved through structural equation modeling. Findings Results indicate that human capital contributes both directly and indirectly to business performance in the banking sector. Structural and relational capital are positively related to business performance, though results are not statistically significant. Surprisingly, relational capital has been evidenced to negatively moderate the effect of structural capital on performance. Research limitations/implications Traditional limitations of a cross‐sectional study apply with respect to the attribution of causality and the time lag effects. Practical implications A set of reliable items to capture intellectual capital has been identified and represents actionable knowledge for implementing an intellectual capital dashboard in banks. The dominant role of human capital also provides insight to managers with respect to business performance levers. Originality/value Disentangling the effects of intellectual capital on business performance is of the utmost importance in service firms, as they are heavily reliant on intangible resources and capabilities. This research contributes to develop current understanding of these effects. Moreover, interaction effects between human, structural and relational capital have also been uncovered, thus extending prior knowledge on these complex relationships.