In this three day course you will:
- Learn how to develop and apply an effective e-banking audit programme
- Gain an insight into the today’s e-banking world
- Understanding the different risks as they relate to e-banking activities
- Explore the international standards for managing e-banking risk
- Gain a clear understanding of the many different aspects e-banking/ e-payments through the
Rapid technological changes in recent years have revolutionised the way banking services and products are delivered to consumers, small businesses and corporates alike. We are all familiar with how the Internet, the Mobile-phone, Smartcards have changed our lives. These new innovations hold great promise for banking and bank operations in emerging economies. To innovative, progressive, go-ahead banks these changes, known collectively as e-Banking hold great promise to change the way banking operations are carried out. On the positive side these changes present huge business opportunities for banks while on the flipside they have dramatically modified and in some cases increased many of the traditional risks associated with banking activities. Electronic banking carries its own unique characteristics, which sometimes increases and modifies some of the traditional risks associated with banking activities.
These characteristics include:
Extraordinary speed of change related to technological and customer service innovation
Universal and global nature of open electronic networks
Integration of electronic banking applications with legacy computer systems
Increasing dependence of banks on third parties that provide the necessary information technology on which electronic banking depends
In this three-day course we review the world of e-Banking , showing the benefits and the risks. e-Banking may be harnessed to the benefit of bank and customer alike. We examine the various e-banking channels, how they function and show how they should be audited in terms of both standard audit practice as well as the BIS (Bank for International Settlement) standards.
Methodology: This is a highly interactive course comprised of PowerPoint presentations, case studies, multidirectional discussions and exercises
Course Director: Stanley Epstein
Stanley holds a Masters degree in Economics and a BCom. degree in Accounting from the University of South Africa. He has over 40 years of banking and IT experience, 33 of which were with the Standard Bank of South Africa where during the 1990s he filled an industry level role holding several key positions including that of Chairman of the PASA Risk Committee He has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues. More recently he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.