INDUSTRY TRENDS AND PRACTICES The banking industry has become increasingly more complex in recent years. Some of the reasons are the growing sophistication of financial products such as collateralised debt obligations (CDOs) and credit derivatives, growing activities of banks across several legal and regulatory systems in course of a general globalisation, growing reliance on globally integrate...

This dissertation covers the two major parts of my Ph.D. research: i) developing a theoretical framework of complex networks; and ii) applying statistical physics concepts and methods to quantitatively analyze complex systems. In part I, we focus on developing theories of interdependent networks, which includes two chapters: 1) We develop a mathematical framework to study the percolation of int...

money laundering is a silent crime which crosses international boundaries. modern technology has led to new avenues to disguise the proceeds of crime. the advent of electronic money has meant that tracing the transfer of possibly illicit funds is an extremely difficult if not impossible task. therefore there is a need to take consistent measures against money laundering throughout the world esp...

E-banking has become a new way of doing business and an important alternative for many banks and their customers. The acceptance of e-banking is affected by several factors, including the personal attitude of the users that influences normality and the context in which it is used. This study examines 150 customers of four major banks in Brunei Darussalam to explore the behavioral intent of the ...

Money-Laundering causes a higher prevalence of crime and reduces the desire tending to invest in productive activities. Also, it leads to weaken the integrity of financial markets and decrease government control over economic policy. Banks are able to prevent theft, fraud, money laundering conducted by customers through identification of their clients’ behavioral characteristics. This leads to ...

The online banking systems offered by the Lloyds Banking Group (including Bank of Scotland & Halifax) and the Royal Bank of Scotland Group (including Natwest, Royal Bank of Scotland & Ulster bank) are vulnerable to a remote attack which allows an adversary to commit financial fraud. The vulnerability has arisen as a result of poor software engineering practice which neglected security in favour...

Banks in low-income countries are launching e-banking services such as Internet banking, SMS banking, ATM banking, card banking, point of sales (PoS) and mobile banking. Among these planned services, ATM is the most matured service in many private and state owned banks in Ethiopia. ATM is a recent phenomenon in low-income countries (Olatokun & Igbinedion 2009; Alaba, 2011), and is still being i...