Sunday, June 26, 2022
“A stitch in time saves nine”… An American proverb (This is a continuation of a series first published in July and August 2014) Hello my Readers, I hope you had a good week and were not too disturbed about the history and list of bank runs experienced over the centuries. If...
"Remember that failure is an event, not a person." - Zig Ziglar (This is a continuation of a series first published in July and August 2014) The MICR cheque book In 1959 a standard for machine-readable characters (MICR) was agreed and patented in the U.S. for use with cheques. This opened the...
 “With the rapid pace of technological development, most employees have realized that they will need to become lifelong learners to remain competitive in today’s workplace. With the continuous emergence of new technologies and new business practices, the skills that were required to succeed yesterday are not the same as...
“The corporate training industry is constantly evolving to accommodate trainer needs and technology advancements. Throughout history, it has proven its importance time and time again.” We are in interesting times. Although I have been conducting virtual training and in-person training sessions separately, I recently had to conduct a combination of both,...
“Let us not look back in anger or forward in fear, but around in awareness”. — James Thurber Last week, we examined various issues that make banks vulnerable to the outside world through various lapses. This is a continuation of various reminders: Cash limits Gone are the days when branch managers preferred...
– is it an obstacle in modern banking? (4) "When we are no longer able to change a situation - we are challenged to change ourselves." - Viktor Frankl Segregation of Duties in The Traditional Lending Process The fourth revolution has made utmost use of digitalization to ensure seamless delivery of...
– is it an obstacle in modern banking? “...I say, that Power must never be trusted without a check.” ― John Adams, Adams-Jefferson Letters  Definition and general description A Separation of Duties (SoD) is the concept of having more than one person required to complete a task. In business, the separation by sharing of more than...
– a good risk management strategy “Challenges are what make life interesting and overcoming them is what makes life meaningful.” – Joshua J. Marine Dear readers, last week I shared titbits on how morning huddles can be utilized effectively as a risk management tool. Before I continue, I wish to reiterate...
– a good risk management strategy “You can’t reach for anything new if your hands are still full of yesterday’s junk”.. Louise Smith  A workplace Huddle is more than just a staff meeting. It is a regular discussion in which attendees address key performance indicators and areas of improvement. These meetings can...
Welcome to the concluding article on how bankers can cretae an effective risk management system with security guards. The Dangers surrounding the few Bad Nuts among Security Guards Let us look at some of the dangers that a few bad nuts facing similar situations can put the institution into. For purposes...
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