"Know where to find the information and how to use it. That's the secret of success." - Albert Einstein
(This is a continuation of a series first published in July and August 2014)
Hello Readers, welcome back to the last but one article to conclude this series. Having taken you...
Our lives begin to end the day we become silent
about things that matter.
- Martin Luther King, Jr.
Dear Readers, this article will be part of the concluding articles on the relevance of history in managing risks in financial institutions. You will realize that many of the causes of global bank...
“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...
