Fraud Deduction and Precaution Measures for Branchless Banking

Volume 5  Issue 1    2011


Author(s): Fareen Bhutto
Abstract Branchless Banking is growing faster and becomes the key factor in modern technologies so it needs to be secure from each and every perspective it might be bank security or even customer security, as the technology is moving onwards everyone is concerned about security related to customer money but there is still gap to be filled is the bank secured while doing branchless transactions via retail agents. In this paper we have tried to make available proper branchless banking security by following SBP (State Bank of Pakistan) rules and regulations and provide guaranteed security with respect to AML (Anti Money Laundering) and KYC (Know Your Customer) procedures. This would help in reducing fraud and increasing productivity of banks.
Keywords Branchless Banking, KYC, AML.
Year 2011
Volume 5
Issue 1
Type Research paper, manuscript, article
Journal Name Journal of Information & Communication Technology
Publisher Name ILMA University
Jel Classification -
ISSN no (E, Electronic) 2075-7239
ISSN no (P, Print) 2415-0169
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Manuscript Processing Blind Peer Reviewed
Format PDF
Paper Link
Page 22-29