Temporal Network Analytics for Fraud Detection in the Banking Sector

2020 ◽  
pp. 145-157
Author(s):  
László Hajdu ◽  
Miklós Krész
Keyword(s):  
Banking Sector ◽  
Fraud Detection ◽  
Temporal Network ◽  
Network Analytics

scholarly journals The Influence of Corporate Ethics Culture on Whistleblowing Mechanisms and Their Impact on Fraud Detection (Empirical Study in the Anti Fraud Division of PT. Bank XYZ in Jakarta 2020)

2021 ◽  
Vol 6 (3) ◽  
pp. 1
Author(s):  
Rizki Nurul ◽  
Yudhi Herliansyah
Keyword(s):  
Quantitative Research ◽  
Banking Sector ◽  
Fraud Detection ◽  
Internal Audit ◽  
Statistical Test ◽  
Statistical Testing ◽  
Ethical Culture ◽  
Corporate Ethics ◽  
Significant Positive Effect ◽  
Positive Effect

Fraud is one of the main problems for many organizations today. The more cases of fraud that occur in the banking sector in Indonesia, it is necessary to have fraud prevention efforts. This study aims to examine the effect of corporate ethical culture on the whistleblowing mechanism and its impact on fraud detection. This research was conducted using an explanatory quantitative research method with a survey through distributing questionnaires to all anti-fraud employees and the internal audit work unit who were directly involved in the whistleblowing mechanism at Bank XYZ who became respondents. The total respondents in this study amounted to 89 respondents. Statistical testing in this study used a statistical test approach with Smart PLS software version 3.0. The results of this study indicate that the company's ethical culture has a significant positive effect on the whistleblowing mechanism, the whistleblowing mechanism has a significant positive effect on fraud detection and the company's ethical culture has a significant positive effect on fraud detection with the whistleblowing mechanism while the influence of corporate ethical culture has no significant effect on fraud detection.

scholarly journals Social Network Analytics for Supervised Fraud Detection in Insurance

Risk Analysis ◽  
2021 ◽  
Author(s):  
María Óskarsdóttir ◽  
Waqas Ahmed ◽  
Katrien Antonio ◽  
Bart Baesens ◽  
Rémi Dendievel ◽  
...  
Keyword(s):  
Social Network ◽  
Fraud Detection ◽  
Network Analytics

scholarly journals Banking sector lack detection: Expectation gap between auditors and bankers

Accounting ◽  
2021 ◽  
Vol 7 (6) ◽  
pp. 1353-1362 ◽  
Author(s):  
Nurul Hasanah Uswati Dewi ◽  
Putri Wulanditya ◽  
Dian Oktarina ◽  
Herwin Ardianto
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Fraud Detection ◽  
Internal Audit ◽  
Internal Auditors ◽  
Interpretive Paradigm ◽  
Expectation Gap ◽  
Private Banks ◽  
Bank Managers ◽  
Work Units

This study aims to identify the determinants of the expectation gap in fraud detection between internal auditors and bankers in Indonesia. The shift in the internal audit task in the banking sector can cause the hole in audit expectations to widen. This research uses qualitative methods with an interpretive paradigm which is rarely done by previous research. The results of interviews with internal audit work units and bank managers from 4 state-owned and private banks indicate a gap in audit expectations regarding the responsibilities between internal auditors and bankers, especially in carrying out the function of examining and detecting fraud. This study recommends the financial services authorities and bank leaders be able to improve education regarding anti-fraud policies to stakeholders, especially in terms of a clear division of tasks in fraud detection in the banking sector.

scholarly journals Fraud Detection in the Banking System in Nigeria: Challenges and Prospects

2018 ◽  
Vol 2 (3) ◽  
Author(s):  
B.A Badejo ◽  
B.A Okuneye ◽  
M.R Taiwo
Keyword(s):  
Internal Control ◽  
Banking Sector ◽  
Control Mechanism ◽  
Descriptive Analysis ◽  
Balance Sheet ◽  
Banking System ◽  
Fraud Detection ◽  
Financial Independence ◽  
Bank Staff ◽  
Bank Managers

Fraud is an epidemic dimension that has eaten deep into the banking sector as well as the entire economics in Nigeria. Its devastating effect manifests itself in the deteriorating balance sheet of banks as well as in economic backwardness. Apparently, measures to detect and eradicate fraud in banking sector have been quite ineffective as the fraudulent practices have been on the increase in recent times. Thus, this study evaluates the various challenges of detecting and combating fraud in the banking sector in Nigeria. The results from the descriptive analysis showed that lack of adequate motivation is not a major cause of fraud in banks, looting of fund by bank managers and directors constitutes the major form of fraud in Nigeria. Furthermore, it is recommended that government should strengthened existing anti-graft agencies and to enhance their financial independence. Those managers and director involved in looting of fund should be persecuted to serve as a deterrent to potential fraudsters. In addition, bank staff should be properly screened to test their morality and integrity before recruitment. Adequate internal control mechanism should be established to serve as check and balances among the bank staff. There is also the need for the anti-graft agencies to be strengthened in order to adequately complement the effort of the Central Bank of Nigeria (CBN) at nibbling the incidence of bank fraud in the bud.Keywords:  banking system, fraud, fraud detection, fraud prevention, Nigeria

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

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