The role of financing tools in reducing banking risks
Ali Abudel Qader Ahmed
It is noted that the banking sector is lagging behind significantly in terms of progress in the field of information and communications, This is an important factor in the growth and development of banks. With the popularization of network communications, connecting all banks with all their branches, we have noticed that the difficulties of currency circulation between countries of the world have been eliminated, which has helped to promote banking business, reduce costs and expand the scope of business. Customer base that benefits from the banks advanced banking services.
With the development and reliance on advanced electronic banking systems, we notice that the risks facing internal control over electronic operations have increased significantly, including risks related to the use of advanced electronic systems and banking risks. Therefore, it has become necessary to have a control system capable of practicing its work effectively in light of the electronic system. The need has emerged to use control tools that are different from those used in the traditional banking system based on manual dealing.
In this study, the idea of electronic banking procedures, the concept of electronic risks, and the development of the idea of internal oversight of banking activities and transactions were addressed.
Ali Abudel Qader Ahmed. The role of financing tools in reducing banking risks. Int J Res Hum Resour Manage 2024;6(2):237-242. DOI: 10.33545/26633213.2024.v6.i2c.219