Page 49 - Ekonomija i Biznis_May 2016.indd

In the focus BANKING

(photo: http://businesstech.co.za/) plan and effective assets for control of
its implementation.
In accordance with the research conducted
As a result of the application of the
by Deutsche Bank Research, 2011, by 2020 increasingly complex technology, sev-
eral types of operative risks particu-
it is expected that the migration towards larly become more intense in condi-
tions of e-banking:
electronic, online banking will reach 60% of
» risk of security of systems and
the EU population transactions (including the security
of data and identification). Threats
other hands, there are risks that refer can be caused both inside, as well as
to automation, security and privacy of outside the system and they may have
financial transactions. serious financial, legal and reputation
implications for the bank. Usually in
Strategic risk, as a risk with wider practice the reasons that may lead
range, according to its nature repre- to impairment of the security of the
sents one of the most important risks system, are classified in three catego-
in e-banking. The strategic decisions ries: impaired security of the system
that need to be adopted by the highest with a serious criminal goal, impaired
managing authorities in the bank may security caused by ordinary, casual
have the greatest implications on all hackers and impairments caused by
other risks. The automated process- omissions in the creation of the very
ing of transactions (straight-through system;
processing, STP) increases the need
of organizational, structural and op- » risk in the maintenance of conti-
erative adaptability. In conditions of nuity in the availability of the internet
fast technological changes, the in- (against viruses, hacker and similar
creasing interbank competition and hazardous events) as an asset for fi-
emergence of new participants in the nancial transactions. Full utilization
financal markets, the inappropriately of the contributions of the e-banking
planned or implemented strategy may services is achieved only with its 24/7
expose the bank to significant risk. application;
The banks can respond to strategic
risk only with a clear strategy, which » risk of use of outsourcing. Banks,
will consider all effects of e-banking primarily, due to lower costs or a lack
and will be transferred to all relevant of expertise, especially in conditions
business units, with a clear business of e-banking, often separate part of
the banking activities, that is, they
use outsourcing services. The poten-
tially decreased control of the specific
business activities may create signifi-
cant material risks for the bank;

» risk of non-existence of a suffi-
cient capacity to meet the demand of
e-banking products. The insufficient
assessment of the potential users of
e-banking products and services may
cause significant financial and repu-
tation damages for the bank due to
inappropriately configured or tested
system;

» legal risk due to inappropriate
protection of the client’s privacy. The
banks that will not manage to provide
protection of privacy of their clients,

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