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BANKING
Elena Parnardzieva Stanoevska
The author is Head of Credit Risk
Department in Eurostandard bank
AD Skopje
Risk management
in conditions of
application of
e-banking
T he continuous process of ties. Only a decade ago banking was
technological innovations considered a privilage of the younder
and the globalization of population. Today the application of
the business operations in- electronic banking spreads very fast
creasingly encourage mu- and it has an upward trend. In accor-
tual connection between banks, com- dance with the research conducted
panies and individuals. The speed, the by Deutsche Bank Research, 2011, by
security and the level of automation 2020 it is expected that the migration
in the performance of financial trans- towards electronic, online banking
actions are of crucial importance. To- will reach 60% of the EU population.
day the primacy in banking operations The continuous process of techno-
is not only money, rather it is the suc- logical innovations, the increasing in-
cessful management of their assets terbank competition, the emergence
and the increased trust in clients. The of new toys on the market, the wide
banks that will not apply new technol- range of new banking products and
ogy on time (due to high initial costs or services are the main causes for the
technical problems) risk losing their increasingly massive migration. The
clients from the ones that will enter electronic, online banking that com-
the market first. In this direction, it is bines the information and transaction
necessary for every bank to approach services maybe does not lead to cre-
towards timely and adequate strategic ation of risks, however it significantly
assessment, risk analysis and review intensifies them and modifies some
of security in the introduction of e- of the traditional risks. On one hand,
banking. there are risks related to the accuracy
of information and their appropriate
The conceptions of electronic distribution and perception, on the
banking date back in the early seven-
48 May 2016
