Bank Account Research Articles

How did COVID-19 Pandemic Affect the Rural (Tribal) Livelihoods? A Case Study of Khaprakhol Block

The COVID-19 epidemic has devastated human existence over the planet, shocking people with the new sickness and almost bringing countries to their knees. It was a never-before-seen scene of limited human movements and changing behaviours. Although the good consequences benefit the environment and wild animals by reducing pollution, the adverse effects have a direct impact on the economic status of human beings. The situation was new to all living beings, and difficulties were generated globally, irrespective of rural and urban. The study attempts to discover the key problems of the rural people faced during the lockdown and the effects of the COVID-19 pandemic on their livelihoods. This article also aims to figure out the difficulties faced by rural living for their livelihood. This study is based on primary data and the data collected from the rural living of Balangir (khaprakhol block) district of Odisha. The data collection method was based on random sampling, and a total number of 100 rural living households were interviewed. The data were analysed by descriptive statistics and suitable statistical tools. The outcome of this study is that rural living has faced movement difficulties and trouble for getting work. It has been witnessed that they could not get the marketing facilities to sell their agricultural products. Moreover, rural households were paid higher prices for daily stuff in their locality or village shops. As a result, it was a terrible period for them since employment and money resources made it possible to cope with the increased market price of everyday items. Though the study area is near the forest area and situated in the foothill of Gandhamardan hill, most of the local people depend on forest products as their source of income. The collection of forest products is also affected badly during the collection season by the COVID-19 pandemic and lockdown. Regardless of the movement concerns, they were unable to work. Due to employment loss, the disturbance altered the dietary and nutrition profile of rural residents. At the same time, they claimed that MGNREGS work was ongoing but that it was not preferable to work owing to late payment to the bank account. Finally, this article focuses on the rural residents’ livelihoods, which were negatively impacted by the lockdown, and job loss was a constraint for them during the lockdown.

Gender-targeted transfers by default? - Evidence from a child allowance reform in Sweden

We exploit a sharp birthday discontinuity in a large and universal Swedish cash transfer program, creating plausibly exogenous variation in the default disbursement option, while holding entitlements and other financial incentives constant. When the cash transfer is paid out to the mother by default, instead of a 50/50 default, it has a large effect (55 percentage points) on the probability that the transfer is deposited in the mother's bank account also in the long run. Surprisingly, we find that the default policy redistributes resources to separated low-income mothers. We find no indications that the 100%-to-the-mother default induces mothers to work less or to take more responsibility for the children.

Access and Determinants of Formal Agriculture Credit In Uttar Pradesh, India

The study has attempted to examine the determinants of formal agricultural credit in rural Uttar Pradesh using National Sample Survey Organisation data from the 70th round (2012–13). The Binary Logistic Regression (BLR) model is used to examine the determinants of formal credit in Uttar Pradesh. Socio-economic and demographic characteristics such as age, gender, social group, and family size are grouped into social, economic, and extension services. The findings from this study revealed that indebtedness exists and that almost 45 per cent of farmers have taken credit from informal credit agencies. Further, there is significant heterogeneity in terms of socio-economic and demographic features among farmers who have taken credit from formal and informal credit agencies. The BLR results show that gender, literacy rate, operated area, bank account, livestock, and Kisan Credit Card are key social and economic determinants of formal credit in rural Uttar Pradesh. The calculated odds ratio shows a 2.008 times higher probability of literate male farmers taking a loan from formal credit than others. Likewise, there is a 3.10 times higher probability of taking formal credit if farmers follow technical advice provided by agricultural universities, NGOs, and scientists through open-source platforms. Hence, the following policies are suggested to deal with indebtedness: (i) Policymakers can choose to intervene in the rural credit lending system by liberalising policy to more accurately reflect the characteristics of potential borrowers and in light of their current borrowing strategies, (ii) the BLR results depict a positive relationship with land size, and agricultural households with larger land seem to get more benefits. Therefore, the government should focus on marginal and small farmers, who have larger shares in the total operational landholdings, (iii) safety net programmes like the Public Distribution System (ration cards), in the presence of formal credit, may induce farmers and their families to increase their per capita monthly consumption expenditures, and (vi) State intervention is also required in terms of increasing the size of livestock, as this can be an area where Uttar Pradesh can lead the other States as this will help in diversification in the field of agriculture .

Integrated development of green finance and green accounting in policy banks.

The fundamental purpose of this study is to conduct an inquiry into the efficacy of China's green credit strategy, and that will be the core focus of the investigation. As part of this study, we investigate whether or not businesses that increase the environmental transparency of their operations to the outside world and green innovation within their operations are rewarded with more favorable bank loan terms as a direct result of receiving green credit. Specifically, we look at whether or not these businesses are awarded green credit. Our hypothesis is put to the test by using the difference-in-differences (DID) model and the data that was collected from a sample of 1086 publicly traded Chinese manufacturers over the years 2012 to 2017. According to the data, businesses that improve the quality of their environmental disclosures do not receive an increase in their access to corporate finance. On the other hand, businesses that introduce new environmentally friendly breakthroughs do receive an increase in their access to corporate finance. Our research demonstrates that the root of the problem is corporate green-washing, a practice that is common in regions with low environmental disclosure standards and makes it more difficult for businesses to obtain new loans. This practice is popular in areas where environmental disclosure standards are lax. This is the most basic explanation for why the phenomena occur in the first place. Our findings contribute to the literature on themes including green credit policy, corporate green innovation, environmental transparency, and green-washing, all of which are useful to corporations, governments, and financial institutions.

DEMOGRAPHIC AND SOCIO-ECONOMIC DETERMINANTS OF MULTIDIMENSIONAL FINANCIAL LITERACY AMONG YOUNG ALGERIAN UNIVERSITY STUDENTS

Financial literacy is crucial for young university students to make sound financial decisions and improve their future well-being. This study examines demographic and socio-economic determinants of multidimensional financial literacy among young Algerian university students. The study employed a cross-sectional survey research design. It broadly adheres to the OECD definition of financial by segregating it into its main dimensions: financial knowledge, behavior, and attitude. Data was gathered from a sample of 368 university students and analyzed using multiple regression analysis. The study found a significant relationship between financial literacy, gender, the field of study, and bank account ownership. Female students are 3.64 times less financially literate than male students. Students majoring in scientific (hard) disciplines are 4.65 times more financially literate than non-scientific (soft) disciplines. Students with no bank account are 4.67 times less financially literate than those who own one. The study found a non-significant relationship between financial literacy and the variables: students’ level of education, the field of specialty, work experience, family income, father’s education level and mother’s education level. What is noticed is that the financial literacy level of economics and major in business students does not differ from those students of other majors.

Implications of Recent Foreign Bank Account Reporting Litigation

ABSTRACT Foreign Bank Account Reporting (FBAR) has emerged recently as a litigation matter in several federal courts. While past cases primarily focused on the determination of willful versus nonwillful FBAR violations, recent cases bring to light issues that should lead Congress to revisit requirements and legislation specifically related to penalties. This paper examines four specific topics recently discussed in the courts: the assessment of penalties per FBAR form or per account; Eighth Amendment challenges; payment of penalties by an estate; and repatriation of assets to pay penalties. We address what the recent FBAR litigation tells us about compliance, enforcement, and policy and encourage Congress to revisit and make changes to the law.

Changes in credit score, transaction volume, customer characteristics, and the probability of detecting suspicious transactions

PurposeThis study aims to use a unique customer-information data set from a Norwegian bank to identify how small changes in firm-specific factors correlate with the risk of a client subsequently being involved in suspicious transactions. It provides insight into the importance of updating client risk based on changes in transaction volume and credit risk to enable effective resource use in transaction monitoring.Design/methodology/approachChanges in a firm’s bank use and accounting data were tested against subsequent flagged and reported customers to identify which changes led to a significant increase in the probability of engaging in a transaction identified as suspicious. Prioritizing resources to firms that remain suspicious after further controls can improve the risk-based approach and prioritize detection efforts. The main factors were customer probability of default (credit score), size and changes in customer characteristics. The cross-sectional data set contained administrative data on 8,538 corporate customers (219 with suspicious transactions that were subsequently flagged, 64 of which were reported). A binomial logit model was used.FindingsChanges in transaction volume and bank use are significant in predicting subsequent suspicious transactions. Customer credit score changes were significantly positively correlated with the likelihood of flagging and reporting. Change is a stronger indicator of suspicious transactions than the level. Thus, frequent updating of client risk and using a scale rather than risk categories can improve client risk monitoring. The results also showed that the current anti-money laundering (AML) system is size-dependent; the greater the change in customer size, the greater the probability of the firm subsequently engaging in a suspicious transaction.Research limitations/implicationsClient risk classification, monitoring changes in a client’s use of the bank and business risk should receive more attention.Practical implicationsThe authors demonstrate that client risk classifications should be dynamic and sensitive to even small changes, including monitoring the client’s credit risk changes.Social implicationsDirecting AML efforts to clients with characteristics indicating risk and monitoring changes in factors contributing to risk can increase efficiency in detecting money laundering.Originality/valueTo the best of the authors’ knowledge, this is the first study to focus on changes in a firm's use of a bank and link this to the probability of detecting a suspicious transaction.

A Study of Societal Progression on Women’s Economic Independence in India

This study examines the relationship between women's economic independence and societal progression using various indicators such as, currently married women who usually participate in household decisions, women who worked in the last 12 months, women owning a house and/or land (alone or jointly with others), women with a bank account as indicators of women economic independence and for socio-economic parameters the study has considered women who are literate, state-wise maternal mortality ratio, sex ratio at birth for children born in the last five years. Data was extracted from India for the years 2016 and 2021 using the National Family Health Survey's (NFHS) reports. Extraction of data was carried out using the National Family Health Survey's (NFHS) reports and Handbook of Statistics on Indian States. The multiple linear regression model is included for each year to examine and assess the relationship between response and explanatory factors for both years. The study indicated that different causes have varying effects on markers of societal advancement. All three dependent variables of women's economic independence are negatively impacted by factors like women's decision-making ability, whereas they are positively impacted by factors like women having bank accounts and home ownership.

Privacy implications of blockchain systems: a data management perspective

PurposePrivacy scholars appear to struggle in conceptualizing blockchain from a privacy perspective: is it a privacy-enhancing mechanism like differential privacy, a privacy-intruding tool like third-party cookies or a technology orthogonal to the issue of privacy? Blockchain does not seem to neatly fit into any of these buckets that we traditionally use to gauge the privacy implications of information technologies. In this article, the authors argue that blockchain transcends the extant conceptualization of privacy because it modifies the nature of data flow upon which the modern concept of privacy is based.Design/methodology/approachThe authors introduce a conceptualization of blockchain as a new mechanism for data management. Then, following this conceptualization, the authors present a functional review of blockchain, summarizing the features it provides for the data it manages. This review sets up the discussion of how blockchain redefines data flow by separating the power of collection, access and query of data to different entities. After illustrating how this change regrounds privacy concerns in a blockchain system, the authors conclude with a discussion of the recommendations for future privacy research on blockchain.FindingsThe authors demonstrate that blockchain, by design, separates three core data-centric operations that are assumed to be inextricably linked in the canonical conceptualization of privacy: the collection, access and query of data. Collection means to capture and then store the data; access means to modify or augment the data and query means the ability to test or verify certain properties of the data (e.g. whether a bank account has a zero balance). Traditionally, any entities that collect data can evidently read, modify or query the same data as they wish. With blockchain, however, an entity that stores the data may not be able to modify the data, yet an entity that cannot even read the data may be able to verify certain properties of the data.Originality/valuePrivacy scholars appear to struggle in conceptualizing blockchain from a privacy perspective: is it a privacy-enhancing mechanism like differential privacy, a privacy-intruding tool like third-party cookies or a technology orthogonal to the issue of privacy? In this article, the authors aim to respond to this important question.

Accountability of Micro Waqf Banks in The Perspective of Sharia Enterprise Theory

This study aims to analyze the Accountability of the management based on Sharia Enterprise Theory at Islamic Boarding School-based Micro Waqf Banks in Jombang. This research uses the field research type and a descriptive qualitative approach—data collection techniques through observation, interviews, and documentation. The results of this study indicate that the Islamic Boarding School-based Micro Waqf Bank in Jombang has implemented accountability indicators based on Sharia Enterprise Theory, namely vertical Accountability to Allah SWT and Horizontal Accountability to customers by having DPS that is MUI certified and there are no transactions that are not by Sharia. However, Micro Waqf Banks still need to fulfill horizontal Accountability to customers on the ZIS Report indicators. Micro Waqf Banks have fulfilled Horizontal Accountability for employees with employee education and training. However, the Micro Waqf Bank has not met the salary and remuneration for employees according to the minimum wage and does not have special programs to improve employee spirituality. Micro Waqf Banks have fulfilled Horizontal Accountability to the community/society through broad community access to Micro Waqf Bank financing and contributions to MSME Development and improving the community's quality of life through economic empowerment. However, the Micro Waqf Bank does not yet have disclosure of social funds. Micro Waqf Banks have fulfilled Horizontal Accountability towards indirect stakeholders, namely nature/environment with household-scale customers, so it is less likely to pollute the environment.

Aspek Keadilan Pengaturan Pemberian Ganti Rugi dalam Pengadaan Tanah untuk Pembangunan bagi Kepentingan Umum

The demand for land in the context of public-interest development is growing, but the supply of land is limited. Fairness and compensation mechanisms are usually challenging in the purchase of property for public use. The goal of this research is to look at the rule's fairness elements as well as the method for awarding compensation in the purchase of property for public development. This study is normative and prescriptive, with a regulatory and conceptual approach. The study's findings revealed that a) the fairness aspect in the regulation of land acquisition for development in the public interest must provide a guarantee of proper replacement, as stipulated in Law Number 2 of 2012 concerning Land Acquisition for Development in the Public Interest, Law Number 11 of 2020 concerning Job Creation, Indonesian Assessment Standard 204, and other land acquisition laws and regulations. And b) the compensation mechanism is implemented when the assessment is finished by the Indonesian Assessment Standard 204, Law Number 11 of 2020 about Job Creation, discussions, and validation activities. The payment can be made in Rupiah, as agreed upon by the Land Acquisition Committee and the community, and then transferred to a bank account designated by the government.
 Keywords: Indemnity; Land Acquisition; Public Interest Development

Prediction of Student Decisions in Choosing the Type of Bank Using Support Vector Machine (SVM)

A bank is an intermediate financial institution authorized to take deposits, lend money, and issue promissory notes or banknotes. In the present day, every adult must have at least one bank account. Additionally, bank services range from regular and hajj savings to large-scale loans. Students, one of the bank’s customers, usually utilize services confined to savings to preserve pocket money received from their parents and ordinary transactions like transfers and payments. Several factors, including the atmosphere, administrative fees, and the accessibility of ATMs and bank branch offices, impact students’ decisions about where to save money. It prevents the bank from predicting which services must be enhanced to encourage customers, particularly students, to select the bank. Therefore, prediction is required to ascertain the students’ choice of bank. This study employed data mining and the Support Vector Machine (LibSVM) algorithm. The quantity of data impacted the outcomes of the SVM classification. In addition, kernel types, k-fold values, and sampling techniques also influenced classification accuracy. LibSVM with a kernel type of RBF, a k-fold of 8, and shuffled sampling classified 200 data with an accuracy of 68.40%.

ANALISIS STRATEGI PENGHIMPUNAN DANA ZAKAT MELALUI FINTECH DI LAZNAS YATIM MANDIRI MAGELANG

This study aims to determine the strategy for collecting zakat funds and the application of Fintech used at the LAZNAS Yatim Mandiri Magelang institution. Zakat is a worship that has a high social impact on the welfare of the community, so that zakat is normatively an absolute obligation that every Muslim has to spend part of his wealth. This study uses a qualitative method taken from a review of the literature as a reference for research and data obtained from interviews with laznas employees. This study was written to determine the strategy for collecting zakat funds and to determine the use of fintech implemented at the LAZNAS Yatim Mandiri Magelang institution. The results of this study indicate thar the strategy used in collecting zakat funds is offline and online, while the use of Fintech that has been implemented in this institution is by utilizing bank account transfer financial technology

Pengembangan Buku Ajar Bidang ilmu Akuntansi Perbankan Kelas XI Semester Genap Berbasis Kontekstual dan Kode Qr di SMK Negeri 1 Lamongan

Vocational High Schools (SMK) play a role in preparing students to become graduates who are able to enter directly into the world of work and continue on to further higher education. Students, at school get knowledge and learning according to the specialization they take. This study aims to analyze the process of developing textbooks, the feasibility of textbooks, and students' responses to the development of contextual-based textbooks and Qr codes in banking accounting class XI banking and microfinance even semester at SMK Negeri 1 Lamongan. This research method is the development of R&D (Research and Development) with a 4-D development model (Define, Design, Develop, Disseminate) which is carried out until the 3rd stage limit. The results of this study state that 1) contextual-based textbooks and Qr codes are suitable for application in banking accounting learning at SMKN 1 Lamongan, 2) based on the validation results of contextual textbooks and Qr codes developed on banking accounting material for class XI SMKN 1 Lamongan are declared feasible , 3) students are very enthusiastic and feel helped by this contextual-based textbook on banking accounting subjects.

A STUDY ON CUSTOMER’S SATISFACTION ON E-BANKING SERVICES

When each day may be a race against time in our frenzied lives, we search for ways to spare time as much as ready to. E-Banking is one of the innovation headways that offer assistance customers to perform their monetary exchanges on a secured stage from a retail or computerized bank, credit union, or any monetary institution. E-Banking, moreover known as electronic keeping money, is the computerized dispersion of modern managing an account administrations and products to customers specifically through electronic, intuitively contact systems. When restricted to customary keeping money, it offers numerous focal points and qualities to clients. E-Banking could be a straightforward and helpful way to get 24-hour get to to your bank employing a smartphone. E-Banking makes use of the web as a dissemination instrument for banking transfers. E-Banking administrations have made bank exchanges a thing of the past when it comes to ordinary errands. Since online banking is one of the foremost well known administrations given by banks, it is additionally an awfully steady stage. Encryption frameworks are frequently utilized by banks to guarantee that all client data is secure which no information breaches happen. It secures you from online extortion and account control within the end. Electronic keeping money, too known as electronic reserves exchange (EFT), is essentially the utilize of electronic International Scientific Journal of Engineering and Management ISSN: 2583-6129 Volume: 02 Issue: 04 | April – 2023 DOI: 10.55041/ISJEM00232 www.isjem.com An International Scholarly || Multidisciplinary || Open Access || Indexing in all major Database & Metadata © 2023, ISJEM (All Rights Reserved) | www.isjem.com | Page 2 means to exchange stores specifically from one account to another, instead of by cheque or cash. You can utilize electronic stores exchange to: • Have your paycheck kept specifically into your bank or credit union checking account. • Pull back cash from your checking account from an ATM machine with a personal identification number (Stick), at your comfort, day or night. • Educated your bank or credit union to naturally pay certain month to month bills from your account, such as your auto credit or your contract payment. • Have the bank or credit union exchange stores each month from your checking account to your shared support account. • Have your government social security benefits check or your charge discount deposited directly into your checking account. • Purchase basic supplies, gasoline and other buys at the point-of deal, employing a check card rather than cash, credit or a individual check.

Aspek Keadilan Pengaturan Pemberian Ganti Rugi dalam Pengadaan Tanah untuk Pembangunan bagi Kepentingan Umum

The demand for land in the context of public-interest development is growing, but the supply of land is limited. Fairness and compensation mechanisms are usually challenging in the purchase of property for public use. The goal of this research is to look at the rule's fairness elements as well as the method for awarding compensation in the purchase of property for public development. This study is normative and prescriptive, with a regulatory and conceptual approach. The study's findings revealed that a) the fairness aspect in the regulation of land acquisition for development in the public interest must provide a guarantee of proper replacement, as stipulated in Law Number 2 of 2012 concerning Land Acquisition for Development in the Public Interest, Law Number 11 of 2020 concerning Job Creation, Indonesian Assessment Standard 204, and other land acquisition laws and regulations. And b) the compensation mechanism is implemented when the assessment is finished by the Indonesian Assessment Standard 204, Law Number 11 of 2020 about Job Creation, discussions, and validation activities. The payment can be made in Rupiah, as agreed upon by the Land Acquisition Committee and the community, and then transferred to a bank account designated by the government.

Problems of Criminal Law Regulation and Qualification of Acts Committed Using Electronic Means of Payment

The article presents an analysis of the provisions of the criminal law providing for responsibility for the theft of funds in a bank account and electronic money. Special attention is paid to the problems of qualifying deception as a method of committing fraud using electronic means of payment, its difference from deception, which can be used to secretly steal electronic funds. The article reveals the need to formulate the concept of deception in a crime under Art. 159.3 of the Criminal Code of the Russian Federation. The topical issues of qualification of fraud using electronic means of payment are investigated, taking into account changes in the Criminal Code of the Russian Federation and the wording of the resolution of the Plenum of the Supreme Court of the Russian Federation. The analysis of judicial practice of various subjects of the Russian Federation on the qualification of crimes using payment cards is carried out. The main problems of qualification of thefts, special elements of fraud, other related elements of crimes, for which electronic means of payment are used, are considered. It is concluded that there is no consensus among lawyers and law enforcers on the qualification of theft using payment bank cards, which leads to disparate judicial practice on the crimes in question. Proposals are put forward to solve the identified problems. A forecast is made about an increase in the number of crimes using electronic means of payment. The legislator is invited to develop a unified approach in describing the signs of crimes committed with the help of modern computer technologies, and law enforcement agencies to develop relevant methods for preventing, detecting and counteracting them, as well as to develop a unified approach to the qualification of these crimes.

Integration of Farm Financial Accounting and Farm Management Information Systems for Better Sustainability Reporting

Farmers face an increasing administrative burden as agricultural policies and certification systems of trade partners ask for more sustainability reporting. Several indicator frameworks have been developed to measure sustainability, but they often lack empirical operationalization and are not always measured at the farm level. The research gap we address in this paper is the empirical link between the data needs for sustainability reporting and the developments in data management at the farm level. Family farms do not collect much data for internal management, but external demand for sustainability data can partly be fulfilled by reorganizing data management in the farm office. The Farm Financial Accounts (FFAs) and Farm Management Information Systems (FMISs) are the main data sources in the farm office. They originate from the same source of note-taking by farmers but became separated when formalized and computerized. Nearly all European farms have a bank account and must keep financial accounts (e.g., for Value-Added Tax or income tax) that can be audited. Financial accounts are not designed for environmental accounting or calculating sustainability metrics but provide a wealth of information to make assessments on these subjects. FMISs are much less frequently used but collect more technical and fine-grained data at crop or enterprise level for different fields. FMISs are also strong in integrating sensor and satellite data. Integrating data availability and workflows of FFAs and FMISs makes sustainability reporting less cumbersome regarding data entry and adds valuable data to environmental accounts. This paper applies a design science approach to design an artifact, a dashboard for sustainability reporting based on the integration of information flows from farm financial accounting systems and farm management information systems. The design developed in this paper illustrates that if invoices were digitized, most data-gathering needed for external sustainability reporting would automatically be done when the invoices is paid by a bank transfer. Data on the use of inputs and production could be added with procedures as in current FMISs, but with less data entry, fewer risks of differences in outcomes, and possibilities of cross-checking the results.

A Study of Factors Influencing Customers' Intention to use Mobile Phones for E-Payment in Klang Valley, Malaysia

In the current market, usage of e-payment has been dominant instead of the physical cash payment method. Money is transferred out from a bank account using a debit card, credit card, or online banking to pay people using the e-wallet, offering the effortlessness of a cashless payment method. The Internet turned out to be the pillar technology, particularly for the retail industry, electronic payments, mobile payments, and banking systems initiated to develop. Beforehand, cashless transactions are just individuals making payments by using debit or credit cards, which are the main initiative of the development of banking system technology. Due to the era of globalization, the utilization of banking system technology between banks and third parties, debit, and credit debit cards can also be considered e-payments. The study's objectives are to identify the effect of perceived compatibility, social influences, personal innovativeness, and facilitating conditions on customer intentions among working adults who use mobile phones for e-payment in Klang Valley. This research shows that the use of the UTAUT model is helpful to assist academicians and marketers as a further research purpose to understand the consumer’s intention towards the acceptance of new technology which is e-payments. From this study, the finding shows that positive sign which is seen across the independent variables of social influence perceived compatibility, and facilitating condition. There is no relationship between personal innovativeness and customers’ intention to use mobile phones for e-payment in Klang Valley. Quantitative data had been obtained through the distribution of online questionnaires to 384 targeted respondents as part of the methodology of this research. In this study, three data analysis models have been applied in data analysis descriptive analysis, multiple linear regression, and Pearson correlation coefficient analysis. The survey was analysed through SPSS version 27.

A merely national ‘universal’ basic income and global justice

A merely national ‘universal’ basic income and global justice