Bank Account Research Articles

Legal Analysis of Bank Accounts With Children's Names As Customers

This research, entitled Legal Analysis of Bank Accounts with Children's Names as Customers , was carried out at several Jayapura City Bank branches. The methods used in this research are normative juridical and empirical juridical . The problem of this research is how children as customers can be said to be competent according to the legal rules of agreements related to opening bank savings accounts; Then, is it worth continuing to open an account with a child as a customer as an offer that is in accordance with the subjective requirements of the depositor? So this needs to be researched because there are still banking products that offer savings to child customers . It is hoped that this research can provide input to banks regarding their savings product offerings and knowledge for the people of Jayapura City . There is no uniformity in Indonesian law, the age limit for adult children is determined by the child's actions. One way to protect parties (child customers) who are not yet able to realize their actions and the extent of the legal consequences of their actions is to limit their ability to act.

Forensic Accounting and Corporate Fraud in Deposit Money Banks in Nigeria

This study examined forensic accounting and corporate fraud in Nigerian deposit money banks. The components of the study state that ten employees were randomly selected from ten banks, which represented all of the Deposit Money Banks in Ekiti State, Nigeria. As a result, a purposive sample technique was used to select the Head of Operations, Fund Transfer Officer, Resident Internal Control Officials, and Cash Officials. A self-structured questionnaire used to collect the required data from the respondents underwent a validity and reliability test. Using Cronbach Alpha, the study's dependability coefficient was 0.782, which was considered high. The collected data was examined using multiple regression. In deposit money banks, it was discovered that forensic observation, 0.339 (p=0.041<0.05), 0.530 (p=0.001<0.05), and 0.341 (p=0.013<0.05) respectively, benefited from forensic interview, forensic interrogation, and forensic observation. Furthermore, a positive and significant effect on fraud detection and prevention in deposit money institutions was observed for forensic review, forensic inspection, and forensic documentation, to the tune of 0.291 (p=0.036<0.05), 0.603 (p=0.000<0.05), and 0.611 (p=0.00<0.05), respectively. In terms of fraud detection and prevention, it has been shown that forensic litigation and investigation play a significant role in corporate fraud. Therefore, it was suggested that deposit money institutions use trained forensic accountants who are skilled in implementing the appropriate deterrent measures in order to stop fraud before it starts. This type of research could be expanded to include additional businesses from various industries.

VENDOR MANAGEMENT IN FACTORIES

PROCEDURE FOR SUPPLIER DEVELOPMENT The Vendor Development Process is carried out by the Purchase Department in close consultation with User Three Department 1) R&D 2) Material Testing 3) QA Department. First Step: - VENDOR REGISTRATION • Any vendor i.e., manufacturer/ authorized agents/distributors of the manufacturer /service providers and firms undertaking job works can be registered the Vendor Development Protocol. To register, the vendor should have GST registration (if applicable). The vendor must maintain an office/ shop/ show room registered in its own name, and should have a bank account wherein payments can be sent directly. • Vendors interested in registration shall submit an application furnishing details of their business and product line. On receipt of the application, they will be issued a vendor development questionnaire. The vendor should submit the duly filled questionnaire, along with their credentials, and details of manufacturing capacity, quality control facilities, past performance, after-sales service, financial background etc. • The duly filled development document received is submitted to the VENDOR DEVELOPMENT COMMITTEE. The Committee consists of Head of User Dept., Head of Material Testing/R & D Dept. & Head of Purchase and has the following powers: ○ after examining the documents and based on the Protocol for Vendor Development of that material, it, can advise the Purchase Department to call for samples for evaluation / plant trial of the material, or call for additional details / clarifications, if required. ○ In case the sample confirms to the specification, the Committee can advise Purchase Department to include the vendor in the list of approved vendors/recommend to issue plant trial order. ○ The Committee can also depute an officer for facility audit, if necessary. ○ Based on the facility audit, and plant trial reports, the Committee can advise the Purchase Department to include the vendor in the list of approved vendors. • Registered firms can be removed from the list of approved firms if they continuously fail to abide by the terms and conditions of the tender / contract or fail to supply goods on time or supply sub-standard items /goods or any false declaration made to company. Suppliers not taking part in the Tender / not supplying to HLL for a continuous period of 5 years will be removed from the list of approved suppliers Second Step: - VENDOR RATING PROCEDURE FOR SUPPLIER RATING Supplier rating is done based on the following criteria. 1) Quality of the product/service 2) Cost rating 3) Adherence to delivery schedule QUALITY RATING (QR) Quality rating comprises of two factors. 1) Inspection rating: Based on value of parameters of materials inspected. 2) Performance rating: Based on value of parameters of materials inspected during performance inspection. PRICE RATING This criterion compares the relationship of the price of vendors with the effective price of those materials. PRICE RATING = (Vendor’s effective price- Effective price of material)/ Effective price of material*100 DELIVERY RATING (DR) Delivery Rating of raw materials is calculated by Purchase Department on the basis of contracts entered into by concerned User Departments as mentioned below: • delivery in time as per schedule: Full credit 2 deliveries after the scheduled date: a grace period of 10 days is given if the material has been dispatched within the delivery date, and the party would get full credit for delivery. • if the material is received within 15 days from the date of delivery mentioned in the Order, a score of 25 % will be deducted. • if the material is delivered between the 16th day and 30th day stipulated in the Order, the score will go down by another 25 % i.e. a total deduction of 50 % • this will continue for every fortnight for the next two fortnights. • the total score thus obtained forms the basis for the grading. Frequency of supplier rating: The vendor rating shall be done on annual basis, or as detailed in Quality Management System (QMS) manual.

Women’s Empowerment and its Relationship to Intimate Partner Violence in Palpa District, Lumbini, Nepal

Background: Intimate partner violence (IPV) violates women's human rights and is a major public health concern. Intimate relationship violence or non-partner sexual assault affects about one in three (30%) women worldwide at some point in their lives. These types of violence harm women's sexual, emotional, physical, and reproductive health. This kind of abuse against women is preventable. Women's empowerment encompasses six common qualities: psychological, political, legal, economic, physical, and social empowerment, encompassing various aspects of life. Objectives: To assess the relationship between women’s empowerment and intimate partner violence. To identify the prevalence and contributing factors of intimate partner violence among married women. Materials and method: A descriptive cross-sectional study design was adopted for the study. The sample size was 352 and a purposive sampling technique was used to select the sample. Data was collected by face-to-face interviews using per-tested questionnaire during April, May, June, and July 2023. Questionnaire related to Socio-demographic information, Standard valid tool Conflict Tactics Scale tools (CTS) were used as instruments. Data were analyzed using descriptive and inferential statistics with SPSS version 22. Results: Out of 352 respondents, nearly half (43.2%) were between the ages of 30 and 39. Half of the respondents (50.3%) had low decision-making levels. Likewise, the lowest proportion of the respondents (16.2%) had a moderate level. More than half of the respondents (58.5%) had a low level of empowerment, whereas only 3.4% of the respondents had a high level of empowerment. Regarding violence, physical was 20.2%, sexual was 24.1%, emotional was 33.2%, controlling behavior was 53.7%, and overall intimate partner violence was 68.5%. There is a statistically significant relationship between intimate partner violence and women’s age (p =<0.010*), duration of marriage (p=<0.009*), socioeconomic class (p = <0.01*), member of the organization (p = 0.005*), bank account (p=0.006*), empowerment (p = 0.020*), husband's alcohol habit (p = <0.01*), and husband's smoking habit (p = <0.01*). Conclusion: Based on the findings of this study, it was concluded that more empowered women had less experience with intimate partner violence, whereas less empowered women had more experience with emotional, sexual, and physical abuse, as well as dominating actions from their close relationships. Having children, household decision-making, and property ownership had no noticeable effect on the prevalence of intimate relationship violence. The likelihood of intimate relationship violence was not significantly impacted by having children, making decisions, or possessing property.

Changing bank accounts as a preventative health action: Why ACP-UK is making the change

We describe why the Association of Clinical Psychologists-UK is changing its bank account, highlighting how this change can be viewed as a preventative health action in keeping with professional values. We hope other professional bodies and individual psychologists will take similar action.

Predicting Diabetes Disease Using Data Mining Classification Algorithms and Comparison of Algorithm Performances

Data is always produced everywhere in the universe. In our globalizing world, where the internet is rapidly spreading, countless data set examples can be given. We produce data when we shop at a bookstore, make a transfer from our bank account, travel with an airline, or get tested in a hospital. Test results of hospital patients, production reports of a manufacturing factory, and exam results of students are examples of data sets. This data pile grows daily, and the data has no meaning. Data gains meaning by being processed by various tools and transformed into information. Today, information has become the most incredible power. In this study, a prediction study of diabetic patients was made with ten different algorithms from classification methods, one of the data mining methods. At the end of the prediction study, the algorithms' performances were compared. The unique aspect of this study is that the performance of the algorithms is compared by making predictions with ten different classification methods instead of just one or a few classification methods.

Design and Development of Android App Malware Detector API Using Androguard and Catboost

Abstract: Android has been constant target of attacks through the use of malicious applications (malware) that can harm users, for instance, by leaking sensitive data (e.g., bank account details), blocking access to information and demanding monetary compensation for the ransom, or even leveraging social engineering scams. A large number of malicious applications is distributed in a daily basis through different distribution vectors, such as application markets, including official and third party stores, or untrusted sources like Web repositories. The increasing prevalence of Android malware necessitates advanced detection mechanisms to safeguard users and their devices. The aim of the project is to presents an innovative approach to Android malware detection, integrating machine learning, blockchain technology, and web development tools. The proposed system is to develop a Andriod App Malware Detector API capable of identifying and mitigating malicious applications effectively. The system begins with the collection of diverse datasets comprising both benign and malicious Android applications, ensuring the representation of various threat vectors and scenarios. Androguard, a powerful tool for Android app analysis, the system extracts relevant features such as permissions, API calls, and intents, providing valuable insights into the behaviour and characteristics of each application. The AndroMal Model is designed and trained using CatBoost Algorithm and integrated with a blockchain framework for secure metadata storage. Consensus mechanisms and smart contracts enhance transparency and reliability. Privacy considerations, continuous monitoring, and user feedback mechanisms further fortify the system. The proposed design promises an effective, scalable, and user-centric solution for Android malware detection.

REGULATORY FRAMEWORK AND COMPLIANCE CHALLENGES IN DIGITAL PAYMENT:A CASE STUDY ON PAYTM

India is not only the world's largest independent democracy, but it is also a rapidly growing economic powerhouse. No country can have a stable economy without a sound and efficient banking system. Banks play a critical role in a country's economic growth. They collect people's unused savings and make them eligible for investment. They're in the process of granting loans and purchasing investment securities, new demand deposits are also established. Accepting and discounting bills of exchange allows for trade both within and outside the country. Banks also help to improve capital mobility. India's banking system has a long list of notable accomplishments over the last three decades. It is no longer limited to the cities, but has spread to even the most remote parts of the world. This is one of the factors behind India's development. The banking industry is now one of India's most important service industries. The availability of high-quality services is critical to the economy's success. Banks' attention has turned away from customer acquisition to customer retention. The introduction of Information Technology into the banking sector has changed the way people work. The banking sector's policy has undergone radical transformations, various customer-oriented products, such as internet banking, are available. Customer’s workload has been reduced mainly because of ATM providers, telebanking, and electronic payments. The internet's convenience Banking allows a customer to access and manage his bank account without 7 having to go to the bank. 'The Customer's options have been revolutionized by the availability of ATMs and credit/debit cards.

PHISHNET: Multi-Algorithmic Safety Net for Advanced Phishing URL Detection

Today's generation heavily relies on web technology for various tasks such as banking and communication. However, this also means that users are exposed to numerous security threats, with phishing being one of the most serious and common attacks. Phishing attacks aim to steal sensitive information from users by impersonating a legitimate entity. Attackers use phishing to obtain victims' credentials such as bank account numbers, passwords, or other private information. The victim may not be aware of the website that is phishing. which impersonates a genuine website. Therefore, this paper proposes a system to identify phishing sites using machine learning algorithms. The system utilizes a classifier that is trained on a comprehensive dataset with enriched features. Keywords: Phishing URL Detection, Machine Learning, Websites

Some Legal Issues of the Type “C” Banking Account Regime

This article is devoted to the legal issues of the implementation of special economic measures in relation to bank accounts. The article covers legal issues related to the implementation of mandatory control in the field of opening and maintaining bank accounts of type “C”. The author analyzes the legal issues arising during the implementation of customer identification procedures and reporting to Rosfinmonitoring about operations subject to mandatory control under AML/CFT/FPWMD. Separately, the issues of foreclosure on funds on type “C” accounts in the framework of enforcement proceedings are considered. According to the author, the establishment of the legal regime of the type “C” account based on the decision of the Board of Directors of the Bank of Russia does not entail legal restrictions on the recovery of funds from these accounts in the framework of enforcement proceedings. In conclusion, the author suggests considering the absence of law enforcement and judicial practice, the lack of operational official explanations from authorized bodies, potential contradictions in the provisions of regulatory legal acts of various public authorities as a circumstance mitigating the responsibility of individuals and companies within the framework of compliance with special economic measures.

О правовой природе и существенных условиях договора банковского вклада

The article analyzes the legal nature of the bank deposit agreement. The main civilistic approaches that have developed regarding bank deposits in the domestic legal doctrine are highlighted. The conclusion is made about the independent nature of the contract under consideration, despite its proximity to bank account, loan and storage agreements. Having analyzed the essential terms of this contract, the author comes to the conclusion that, as a rule, the only such condition is the subject of the contract. It is noted that there is no need to change the current legislation regulating the bank deposit agreement.

SECURITY IN SOCIAL MEDIA: AWARNESS OF PHISHING ATTACKS TECHNIQUES AND COUNTER MEASURES

As time and technology progresses, the social media security is one of the basic and most important aspects to consider when browsing the internet.Nowadays all people using social media mostly, using social media is widely spread among different age groups to meet several purposes including education, entertainment, or even pursue a research. With the increase of using smartphones and social media, the cyber security threats also increased. The most widely- perpetrated form of social media attacks is phishing; it is used to gather sensitive personal and professional information such as social security numbers, credit card numbers, bank account numbers, user logins and passwords, as well as other information entered through a web site or online sources. Furthermore, many users of different age groups and mainly the old age people have been exposed to social media security violations most times due to a lack of awareness about phishing attacks and how to address with them. Our paper focuses primarily to make people of all age group aware of exposure to this type of attack while using social media networks. Key Words: Cyber security, Social media, Phishing attack

Impact of Digital Wallets and UPI Payments on Youths at Mysore City

Our pockets have been supplanted with Smartphone’s instead of money. You no longer need to fret if you forget your purse or wallet because you have a digital wallet that allows you to access your bank account in a way that is more secure and safe than using actual cash. The best method to conduct financial transactions gracefully and improve the quality of services for digital users is to use financial technology. The purpose of the research is to comprehend how young people in Mysore City perceive using digital payments. Since most young people and college-bound students are still reliant on their parents, it is common to see them with very little pocket money. As a result, they frequently have little understanding of money matters and are unable to save or budget efficiently in their day to day life Additionally, when they want to spend cash, they typically use digital payment methods like PhonePe, Google Pay, Paytm and BHIM. Hence this research aims to analyze the driving forces behind choosing UPI over other payment methods and to investigate how safe and secure people feel when using UPI and digital wallets. The simplicity of use is one of the primary advantages of digital payments and UPI for young people. These payment options can be easily accessed through smart phone’s and do not require users to have a bank account or credit card. These payment options can be easily accessed through a smartphone or other internet-connected device and do not require users to have a bank account or credit card. They are now especially helpful for young people who might not have the required paperwork to start one due to this. So this study helps to understand the Impact of Digital payments on Youth’s and they by attain measurable information across platforms currently being used in this modern era.

Customer's Decision to Open a Bank Account Using Mobile Banking Application: Case In The Muamalat Digital Islamic Network (MDIN)

<p><em>As digital technology based on the Internet of Things (IOT) develops, it should be able to increase banking access (inclusivity) for customers and attract the interest of potential customers. Banking digitalization is currently much more developed than just transaction features but also includes a savings account opening system. Bank Muamalat Indonesia is one of the sharia banks that participates in the development of digital technology by presenting a mobile banking application called MDIN or Muamalat Digital Islamic Network. Digitalization of sharia banking should provide convenience and attract the interest of potential customers, considering that the market share of sharia financial institutions in Indonesia is still low. This research aims to determine customer preferences for opening a savings account via MDIN.</em><em> </em><em>This research uses a qualitative research method with a case study approach. The objects of research include customer preferences in using MDIN digital banking. The subjects of this research are customers who open savings accounts through MDIN. The research results show that customer preferences in using MDIN as an option for opening a savings account are based on several factors such as social factors, ease of service, benefits and personal factors. Social and personal factors are the most dominant factors in customer</em><em>’</em><em> decision making to open a savings account through MDIN digital banking.</em></p>

Comparative study of deep learning explainability and causal ai for fraud detection

Abstract This study aims to compare deep learning explainability (DLE) with explainable artificial intelligence and causal artificial intelligence (Causal AI) for fraud detection, emphasizing their distinct methodologies and potential to address critical challenges, particularly in finance. An empirical evaluation was conducted using the Bank Account Fraud datasets from NeurIPS 2022. DLE models, including deep learning architectures enhanced with interpretability techniques, were compared against Causal AI models that elucidate causal relationships in the data. DLE models demonstrated high accuracy (95% for Model A and 96% for Model B) and precision (97% for Model A and 95% for Model B) but exhibited reduced recall (98% for Model A and 97% for Model B) due to opaque decision-making processes. By contrast, Causal AI models showed balanced but lower performance with accuracy, precision, and recall, all at 60%. These findings underscore the need for transparent and reliable fraud detection systems, highlighting the trade-offs between model performance and interpretability. This study addresses a significant research gap by providing a comparative analysis of DLE and Causal AI in the context of fraud detection. The insights gained offer practical recommendations for enhancing model interpretability and reliability, contributing to advancements in AI-driven fraud detection systems in the financial sector.

From Exclusion to Inclusion: Understanding the Financial Landscape of University Students in Zimbabwe

The purpose of this study was to assess financial inclusion status of University students in Zimbabwe. In order to achieve this objective, 109 students from across six State Universities participated in the study by completing questionnaires. Data analysis was enhanced through SPSS version 23. The findings of the study reveal that most university students own a bank account. However, a small number are applying and accessing bank loans. In addition, a number of impediments have been found that prevent certain university students from being financially included. These obstacles include insufficient income to fund bank accounts, excessive bank fees, a lack of trust and confidence, and ignorance of the prerequisites for opening a bank account. The study also found that there is a lot of potential in terms of university students' financial inclusion because most of them have smartphones that can be used for online banking, the majority of them said they are considering opening a bank account in the future, and the majority of them said they understand the significance of financial inclusion. The following recommendations were made: the financial sector should provide unique financial services for students under the guise of inexpensive student loans, accounts and financial education.

RatHole: Authentication Algorithm for Controling Access to Mobile Phone File Management System

Millions of Naira are being laundered by criminals through internet fraud, which deceives the victim with a false presentation, or hacking, which involves breaking information system security to steal financial information or data. Cybercrime, more specifically internet fraud, has become a common problem facing the world. In any case, this only occurred if the attacker was able to obtain the victim's account privileges (bank account, credit card information, or login credentials). This work presented an authentication technique that can be inexpensively implemented and used to create a secure architecture that is hard to breach. It can also reduce the amount of overhead that is placed on the authentication server during an attempt at authentication. The possibility of breaking the authentication technique was calculated using probability theory, and the mobile-based authentication algorithm was implemented using Android Studio. The result of this research shows the implementations of RatHole algorithm using android operating system which is file management android app that is being protected with RatHole algorithm and the probability of breaking down the algorithm for 1 to 10 authentication method keeps reducing by averagely 0.12. The implemented Rat-Hole on android devices also consumed 20 to 30 megabytes of data very less than memory consumption of recent research based on block chain solution which consumed 1 gigabyte to 50 gigabyte of memory.

Phishing Detection Using Machine Learning Algorithm

Phishing is a criminal scheme to steal the user’s personal data and other credential information. It is a fraud that acquires victim’s confidential information such as password, bank account detail, credit card number, financial username and password etc. and later it can be misuse by attacker. The use of machine learning algorithms in phishing detection has gained significant attention in recent years. This research paper aims to evaluate the effectiveness of various machine learning algorithms in detecting phishing URL’s/website. The algorithms tested in this study are Decision Tree, Random Forest, Multilayer Perceptron, XGBoost, Autoencoder Neural Network, and Support Vector Machines. A dataset of phishing URLs is used to train and test the algorithms, and their performance is evaluated based on metrics such as accuracy, precision, recall, and F1 Score. The paper takes in data of phished URL from Phishtank and legitimate URL from University of New Brunswick. The results of this study demonstrate that the Random Forest and XGBoost algorithms outperforms other algorithms in terms of accuracy and other performance metrics and the system has an overall accuracy of 98 %.

Про зміни щодо порядку призначення виплат для внутрішньо переміщених осіб України

The article analyzes financial support from the state for internally displaced persons. On the basis of the current legislation, the concept of “internally displaced persons” was characterized. It is noted that internally displaced persons are citizens, foreigners, and stateless persons who permanently or temporarily reside in the territory of Ukraine and are forced to carry out internal displacement within the borders of their country either forcibly or of their own free will. It is indicated that precisely because of the military aggression of the Russian Federation against Ukraine, a large number of Ukrainian citizens were forced to migrate to safe places, saving their lives and the lives of their relatives, therefore, since 2022, the number of displaced people has increased, both within Ukraine and abroad. Statistical data on forced displacement by internally displaced persons are indicated. It is noted that the fact of internal displacement is confirmed by a certificate of registration of an internally displaced person. It was established that the state contributes to providing effective support and assistance in overcoming the challenges caused by the war in Ukraine for internally displaced persons. It is indicated that persons who lost their homes or were forced to relocate from places where hostilities are taking place or from temporarily occupied territories are most in need of housing and financial support. It is indicated that internally displaced persons are provided with financial support for accommodation in the amount of UAH 3,000 for persons with disabilities and children and UAH 2,000 for other persons. However, the Government made changes to the legislation on the appointment of payments for internally displaced persons. It is noted that the payment will not be extended for persons staying abroad for more than 30 calendar days in a row; are serving sentences in places of deprivation of liberty; were convicted of a criminal offence; returned to the abandoned place of residence. It is emphasized that state payments will be stopped to those internally displaced persons who: purchased a new vehicle; purchased for more than UAH 100,000 a plot of land, an apartment, a house of other immovable property; have funds in the deposit bank account(s) in the total amount exceeding UAH 100,000, etc. It has been proven that it is very important for internally displaced persons to continue receiving payments.

Industry 4.0 in Finance, Digital Financial Services and Digital Financial Inclusion in Developing Countries: Opportunities, Challenges, and Possible Policy Responses

Fintech and the adoption of Fourth Industrial Revolution (industry 4.0) technologies have expanded the provision and uptake of digital financial services (DFSs) globally. Digital transformation in the financial industry intended to modify financial service provisioning by reducing the costs of accessing and challenges such as inaccessibility due to remoteness, not having a bank account, not having a credit history, or having erratic incomes. Digital financial inclusion (DFI) aims to ensure that financial services, such as deposits, payments, transfers, withdrawals, investments, accessing insurance and credit, checking account balances, receiving money, and making international remittances, are conducted conveniently, easily, safely, reliably, and affordably. DFI focuses on ensuring access to financial services through digital channels and platforms for individuals, businesses, and households, to promote financial inclusion for all stakeholders, especially previously financially excluded groups. Through a critical review of the literature, this study explores the opportunities and challenges of DFI or the adoption and use of DFS. The review unpacks the possible benefits of using DFSs, which include the broadening financial inclusion, increasing diversity and innovation in the financial services sector, attainment of the SDGs, reduction of poverty, increased economic growth, and minimization of the gender financial inclusion gap, as well as reduction in inequalities. The constraints include the inadequacy of digital infrastructure, taxes on DFS, literacy challenges, digital exclusion, poverty and the gender divide, risks, and lack of trust in the financial services sector. The study recommends appropriate regulation and oversight, literacy enhancement initiatives, investment in digital infrastructure, and increased consumer protection as measures to improve DFI in developing countries.