Bank Account Research Articles

Adoption of Cashless Transaction by the Farming Households in Coimbatore District of Tamil Nadu, India

Aims: The research study aims to study the level of adoption and factors influencing the adoption of cashless transaction by the farming households in farming and non-farm activities.
 Study Design and Methodology: A development index for Tamil Nadu districts, prioritizing e-infrastructure, was crafted from secondary data on agriculture, health, infrastructure, and telecommunication. Coimbatore, with a high development index, was selected using a three-stage stratified random sampling approach involving 120 households. Utilizing tools like the development index, econometric models, scoring/ranking techniques, and non-market valuation methods, values ranged from 0 to 1, indicating low to high development. An adoption index classified respondents into low, medium, high, and very high adopters, evaluating cashless transaction adoption. The logit model pinpointed factors influencing cashless transaction adoption among farm households.
 Results and Conclusion: This study shows a gradual shift towards cashless transactions among farmers, primarily driven by government policies promoting bank account usage for subsidies and loans. In Coimbatore, a developed district in Tamil Nadu, the adoption index is 63 per cent for non-agricultural and 44 per cent for agricultural transactions, highlighting a significant difference. The slow adoption is attributed to incomplete sales portal transformation and farmers' limited awareness of online platforms for input purchases. Despite challenges, farmers exhibit a positive attitude, emphasizing the importance of addressing issues such as financial literacy, internet connectivity, and infrastructure for successful cashless transactions.

Consumer engagement through corporate social responsibility communication on social media: Evidence from Facebook and Instagram Bank Accounts

This paper investigates the impact of corporate social responsibility (CSR) communication through social media on consumer engagement, focusing on the top 15 European banks' social media accounts. Drawing on stakeholder theory and customer engagement perspective, this study analyzes banks' content posted on Facebook and Instagram from January 2021 to December 2022. The research employs multiple regression analysis to assess the relationship between CSR dimensions and consumer engagement. Results reveal that two CSR dimensions (employee support and diversity) positively arouse more engagement than non-CSR-related content. Oppositely, other CSR dimensions (environment, community support, product) provide negative or non-statistically significant results compared to non-CSR-related content. This empirical study, utilizing official data from Facebook and Instagram, contributes valuable insights into consumer engagement with CSR-related posts in the banking sector, addressing both scholarly and practical needs for understanding consumer social media engagement dynamics.

An Ensemble-based Fraud Detection Model for Financial Transaction Cyber Threat Classification and Countermeasures

Fraud remains a pervasive challenge within the banking industry, where financial institutions and their clients grapple with substantial annual losses. The proliferation of digital transactions and online banking has created new avenues for fraudsters to exploit vulnerabilities, leading to financial harm to unsuspecting victims. Consequently, the imperative to promptly and accurately detect fraudulent transactions has grown significantly, both as a safeguard against financial crimes and as a pillar of trust between customers and the banking sector. This paper introduces an innovative fraud detection model designed for bank payment transactions using advanced ensembling techniques. This study presents a comprehensive evaluation of an ensembling model conducted on the Bank Account Fraud (BAF) dataset. Through meticulous analysis, the performance of various base models and ensembling methods was assessed and compared, employing a variety of critical metrics including accuracy, precision, recall, and F1-score. The proposed ensemble model, referred to as "Stacking," exhibited remarkable performance, attaining a commendable accuracy score of 0.98. This result reaffirmed its prowess as a comprehensive and balanced solution to the multifaceted challenges of fraud detection. This study has paramount implications for the banking industry, offering a robust and adaptable solution to deal with the increasing threats posed by financial fraud. Furthermore, it emphasizes the significance of precision-recall trade-offs in fraud detection and underscores the potential of ensemble methods, particularly the "Stacking" model, to fortify the resilience and efficacy of existing security systems.

Premier Wallet: banking the unbanked population in Somalia

Learning outcomes Upon reading, analyzing and participating in the classroom discussion of this case study, students will be able to use the blue ocean strategy (mainly the Strategy Canvas tool) to analyze how companies establish their products as viable and the go-to solution for consumers; perform a competitive analysis for competitive products; learn how to use data from the case, including industry trends, to predict the future market position of products; and learn how to develop strategies for new products in the market. Case overview/synopsis Abdishakur M. Afrah, who served as the Head of Business Development at Premier Bank, oversaw a substantial banking portfolio, which included Premier Wallet – the first digital wallet in Somalia. This case study outlines Premier Wallet’s journey and its transformative impact on the banking sector. Owing to the mobile wallet, consumers could, for the first time, engage in purchasing, withdrawing cash, shopping online and topping up without needing a bank account at Premier Bank. This allowed for the financial inclusion of the unbanked Somali population. This case study also highlights the Wallet Send feature, a disruptive feature that challenged the prevalent Hawala system in Somalia. This feature enabled customers to send money across 110 countries via their smartphones, facilitating direct deposits to the mobile or bank accounts of their family and friends or to cash withdrawal points nearby. Despite these advanced features, Premier Wallet struggled with broader acceptance, hindered by a mere 9% internet penetration, the absence of a national identification (ID) system and stiff competition from WAAFI, a fintech application supported by Hormuud Telecom, Somalia’s leading telecommunications company. The case study also delves into the strategic decisions Afrah had to make to position Premier Wallet as the top mobile money option for consumers in Somalia. Complexity academic level This case study is suited for undergraduate-level courses. Supplementary materials Teaching notes are available for educators only. Subject code CSS 3: Entrepreneurship

Sniffing Cybercrimes in M-Banking via WhatsApp: Comparative Legal Framework and Implications

This normative legal research investigates the regulatory landscape and legal responsibilities surrounding sniffing cybercrimes in mobile banking (M-Banking) operations via the WhatsApp application. The study uniquely aligns its analysis with established laws like the Information and Electronic Transaction Law (UU ITE) and the Personal Data Protection Law (UU PDP), elucidating the nuances in sanctions stipulated by these respective legislations. It reveals that the UU ITE and its amendments carry more severe sanctions than the UU PDP. However, based on the lex specialis derogate legi generalis principle and teleological/sociological interpretations of the law's purpose, it concludes that Article 67 (1) of UU PDP governs such sniffing offenses in M-Banking via WhatsApp. The implicated legal liability includes a maximum prison sentence of five years and/or a fine up to five hundred billion rupiah. Moreover, the research underscores the accountability of banking institutions to compensate for the losses suffered by victims, encompassing the replacement of the full or partial account balance or other agreed forms of responsibility. These findings have critical implications for cybersecurity regulations, and the banking sector's duty of care towards customers in the digital era.Highlights:
 
 Disparity: Penalties under UU ITE and UU PDP differ for sniffing cybercrimes.
 Governing Law: Sniffing crimes in M-Banking via WhatsApp fall under UU PDP, Article 67 (1).
 Liability: Banks are responsible for compensating victims' losses.
 
 Keywords: Sniffing Cybercrimes, M-Banking, WhatsApp, Legal Framework, Bank Accountability.

The Nexus between Economic Features and Contraceptive Switching in Indonesia

Abstract Objective This study aims to examine the association between economic characteristics and contraceptive switching in Indonesia. Methods The study employed monthly contraceptive calendar data from the results of the 2017 Indonesia Demographic and Health Survey. The unit analyzed the contraceptive use during 3-62 months in women of the age between 15-49. The data was analyzed using a Gompertz proportional hazards model. The dependent variable was the duration of the risk period up to the incidence of the contraceptive switching. Main used variables were based on economic, demographic and sociocultural factors. Results The 12-month contraceptive switching rate was higher among women who had a cellular phone, a bank account, ever used the internet in the last year, were currently employed and came from households in highest wealth quintile. These economic features significantly influenced the risk of switching contraception in Indonesia after controlling for demographic and sociocultural factors. Conclusions After controlling for demographic and sociocultural factors, a higher risk of contraceptive switching was associated with having a cellular phone and bank account and being from households in highest wealth quintile. Higher contraceptive switching risk was also associated with switching contraceptive pills, intent of limiting births, having two or three children, being of age 15-24 years, having higher education, having exposure to family planning messages via internet, having husbands who decided about the wife’s earnings, earning more than husband and not owning a house. The nexus between better economic status and contraceptive switching may imply the need to formulate and implement suitable family planning policies and strategies to reduce contraceptive switching among the better-off economically and more empowered women in order to prevent unwanted births.

Futility of Artificial Intelligence in Creative Writing

In the age of 21st century where technology has become an integral part of human life. We are constantly in touch with technology and most of our work is done by the machine, be it booking a railway ticket using internet or depositing or withdrawing money from our bank account. In fact, our life has become very easier due to the emerging technology rather we rarely get bored in times of short reels. But will the same technology help us writing better novels, short stories or poems because creative writing is totally different that booking a railway ticket online or ordering your food online. How will the Artificial Intelligence impact the creative writing that will be the focus of the researcher in this paper.

The Principle of Independence of Multiple Bank Accounts for A Single Client and its Effects in Cases of Bankruptcy and Seizure

The multiplicity of bank accounts for a single client is a phenomenon observed in most countries, often stemming from financial crises faced by banks. Whether the client is an individual or a legal entity, they have the right to open multiple bank accounts, either within one bank, or across several branches of the same bank, or even in different banks. This gives rise to legal implications. Having multiple bank accounts across different banks generally does not pose any legal issues due to the legal independence of these accounts. However, challenges may arise when opening multiple accounts with the same bank or its branches. Each account is subject to specific rules governing its operation, suspension, and associated transactions. Consequently, there is a variation in the financial returns of these accounts based on their independence, leading to legal implications such as seizure and client bankruptcy. If a client goes bankrupt and has both creditor and debtor accounts, the bank pays the creditor balance in the creditor account to the bankruptcy estate. The bank is treated as a debtor with the debtor account balance and is subject to the division of creditors. This means that the bank cannot offset the creditor side of one account against the debtor side of another account opened by the same client. Moreover, according to the principle of independence, if one of the client's accounts in a bank or its branches is seized, it does not affect other accounts, and the seizure does not extend to them. This is in contrast to situations lacking independence.

The Art of Complaints: Analysing Complaints Management from a Social Media Banking Account

Banking institutions’ handling of complaints in today’s context has become one of the most highlighted areas in customer service. Customer complaints are the basis of any organisation, and an organisation’s ability to handle its customers reflects the competitive spirit in the business area. The resolution quality is what makes an organisation different from the others. Every business entity has now used an advanced tool to create customer satisfaction, and social media is a tool that has become familiar and popular among the public. Considering these phenomena, the banking industry has adopted social media to communicate with its customers. Subsequently, there are thousands of complaints posted through the social media platform and viral issues in social media could damage the organisation, affecting the profit made. While a happy customer could spread the information to 10 people, an unhappy customer could spread that issue to thousands of people on social media in a matter of seconds. Thus, the banking institution must strategize its standard of procedure in handling complaints so it would be beneficial instead of damaging. The present paper will analyse the types of complaints made by customers through the banking social media platform and the type of resolution the institution gave to rectify and solve the complaints. Findings showed that the highest type of customer complaint would be related to a banking service issue, followed by delayed service, general information, and issues on a social media campaign. In contrast, the most used type of resolution would focus more on explaining the predicaments, followed by resolution quality, being courteous, apology and accessibility.

An Empirical Analysis of Machine Learning for Fraud Detection in Diverse Financial Scenarios

Fraud detection is important in various domains. As fraud patterns become complex, it is critical to develop accurate and efficient detection systems based on machine learning. However, in different scenarios, there are different key points for fraud detection, and the best model and important features of machine learning may also be different. Therefore, this study aims to explore the relationship between the key points in each scenario and the best model and important features of machine learning corresponding to the scenario. This research firstly used scikit-learn to perform machine learning on the datasets of three different scenarios, online payment, credit card, bank account, and find out important features to analyze the applicability of machine learning models in different scenarios and the reasons behind it. Based on the characteristics of each kind of data, the machine learning model and the characteristics of the fraud itself in different scenarios, exploring the explain ability of combining machine learning with human knowledge. The study found that Light GBM is suitable for all scenarios, because it can capture complex relationships in data, and its high efficiency of dealing with imbalanced data. The research identifies distinct important features of each domain combined with human knowledge, provides insight into potentially fraudulent activity. This will provide a certain theoretical basis for developing a more accurate and efficient fraud detection system, improving the performance of human-computer interaction in the system, or applying the human-in-the-loop model.

Analisis Peran Dan Kinerja Account Officer Di Bidang Pembiayaan Pada Bank Syariah Indonesia (BSI) KCP. Jambi Gatot Subroto

Banking is one way to solve problems related to business finance. Banking is a place to provide financing to develop a business that is being worked on. According to the theory, Account Officers have an important impact on determining customers. The formulation of the problem in this study is How is the analysis of the role of the Account Officer in overcoming problematic financing at the BSI KCP Gatot Subroto bank? and How is the performance analysis of the Account Officer in overcoming problematic financing at the BSI KCP Gatot Subroto bank? This study uses a qualitative research method with a type of field study research. Data was collected through interviews, documentation and observation. The results of this study mention the role of the account officer in analyzing and processing financing applications at the BSI KCP Ponorogo bank including managing accounts, managing products, managing financing and managing sales by approaching debtors and the need for review at any time. The performance of the BSI KCP Gatot Subroto bank account officer in preventing problematic financing at the BSI KCP Gatot Subroto bank includes the financing application stage where the account officer gives time to prospective debtors to complete the requirements as a standard selection in financing, the financing proposal stage with reference to the selection of information obtained from existing social, the stage of providing financing facilities which shows that the account officer offers existing facilities based on the features of the selected prospective debtor, the financing stage which reviews the financing facilities by reviewing the financing facilities obtained by the prospective debtor or debtor. The efforts to resolve problematic financing at BSI KCP Gatot Subroto bank are financing restructuring which includes rescheduling.

Patterns of remittances of intra-European migrants: social relations and moral obligations

ABSTRACT The importance of remittances for economic development and the maintenance of transnational social relationships have been widely discussed. Based on data from Switzerland, we analyze the roles of transnational social relations and moral obligations for the likelihood of sending remittances among intra-European migrants from Germany, Great Britain, Italy, Portugal, Serbia, and Bosnia-Herzegovina. Our data shows high levels of remitting among these groups, with migrants from South-East European countries sending remittances primarily to family and friends and migrants from Portugal and Great Britain sending remittances primarily to their own bank account. Furthermore, by using differentiated and direct measures for social relations and moral obligations, we show that strong social ties as well as moral family obligations are relevant predictors of sending remittances, beyond measures of various desires and capacities to remit usually discussed in the literature. However, these effects also vary according to social relation and remittance type. Together, the results make a strong case for the social embeddedness of remittances and the importance of including migrants from western and southern Europe in empirical research.

Understanding Financial Inclusion of Individuals Engaged in Agriculture: Evidence from Upper-Middle-Income Balkan Economies

ABSTRACT Emphasizing upper-middle-income Balkan Economies, this study focuses on the determinants of financial inclusion on a sample of individuals engaged in agriculture. Using logit estimations, we investigate socio-economic characteristics influencing financial inclusion, including owning a bank account and holding savings. Results reveal that individual characteristics, such as education, income, gender, and online payment usage are influential drivers. Financial inclusion is also impacted by economy-level variables including the share of agriculture in GDP and financial infrastructure density. The study underscores the importance of tailored policies to promote financial inclusion, particularly for vulnerable groups in agriculture-dependent economies.

Undue Burden the Medical School Application Process Places on Low-Income Latinos

Undue Burden the Medical School Application Process Places on Low-Income Latinos

Investigating “organizational maturity” in order to provide “blockchain banking service” based on “FinTech” (through “the CMMI” in “Parsian Bank”)

PurposeThe description of “blockchain banking”, the determination of “the sub-processes” of “blockchain banking” as a “business process”, and the assessment of “maturity level” in Parsian Bank.Design/methodology/approachTheoretical sources on “blockchain banking” were initially investigated. Then the “sub-processes” of “blockchain banking” as a “business process” were extracted by Parsian Bank's experts through the “Delphi method”. Next, the “sequence” of the “sub-processes” was determined by means of the “AHP”. Eventually, Parsian Bank's maturity levels for all the sub-processes as well as the overall maturity level were specified on the basis of the “CMMI” V1.3 in order for Business Process Management (BPM).FindingsBlockchain banking’ combines traditional banking with cryptocurrencies, which can be provided by merging “hybrid e-wallet” with “bank account” and “bank card” – all together as “crypto bank account”. Plus, “hybrid e-wallet” is a form of mobile e-wallet on blockchain that supports both cryptocurrencies and traditional currencies in the same platform by which the purchase and sale of cryptocurrencies are possible. Besides, “Blockchain banking service” can also be offered within the framework of “open banking” aligned with “open innovation” through a FinTech (or a beta bank) in collaboration with a licensed bank via “open API”, which is called “blockchain banking based on FinTech”. At last, the eight sub-processes of “blockchain banking” were determined and Parsian Bank's “maturity level” was specified.Originality/valueThis is the very first practical guide to “blockchain banking service”.

Tatars of the Grand Duchy of Lithuania in the United States of America

At the end of the 19th and at the beginning of the 20th century, Tatars of the former Grand Duchy of Lithuania started migrating to new lands and countries including England, Argentina and America. They were looking for work and the USA became their preferred country. Many Tatars returned back to homeland, but most of them stayed in America and succeeded.
 Tatars from Ivje, Navahradak, Mir, Kleck, Tavsiuny, Milkuny, Śviańciany, Dokšycy, Uzda, Śmiłavičy, Minsk, Vilnia and other settlements of Russian Empire before the World War I founded their registered society in New York in 1907. It was the first Muslim organization in the USA. They also founded the Muslim mizars in the Maple Grove and Cedar Grove cemeteries in New York. They started teaching children and bought a building for mosque in 1930. Tatars provided the annual dances and picnics, organized the funding (dues, fees, fines, loans, donations) for payment of expenses, helped the Society members (death and illness benefits) and Muslims in other countries including the former homeland (Ivje in 1922, Niekrašuncy, Warszawa in 1945 and etc.). They published a newspaper, the prayer books. They took part in the main historical events in the USA: the World War I, the World War II, Korean and Vietnam wars, post-war occupation of Germany, etc. Unfortunately, the Society had been developed until 1960s (member quantity was more than 300) and now it is in decline due to assimilation and migration.
 This article is devoted to the Tatar society of the USA. It is based on the results of study of family collections, oral stories, archival documents (Ellis Island cases, certificates of birth, death, marriage, draft) and pictures. The organization structure, the names of the famous Tatars and the Society board members (presidents, vice-presidents, secretaries, treasurers, imams, teachers, bank account holders, funeral committee members, etc.), the information about two cemeteries are re- vealed and provided.

The Effect of Financial Literacy and Financial Technology on Financial Performance (Case Study: Desa Kebun Kelapa )

This study aims to analyze the effect of Financial literacy and Financial technology on financial performance in Desa Kebun Kelapa . Financial performance information is indispensable in assessing potential changes in economic resources to predict the production capacity of available resources. Fintech is a combination of financial services and technology, which allows financial transactions without having to have a bank account, on the one hand this creates problems for Indonesian people who are not ready to accept changes in economic activity, Through Financial Literacy and Financial Technology, it can help village officials in terms of improving their village's financial performance. This research is quantitative and the research data used are primary data and skunder. The object of research in this study is the village community of coconut plantations, especially business actors and village officials. The analysis method used is quantitative with an associative approach. The results showed that Financial Literacy and Financial Technology play an important role in improving village financial performance in the form of increased operational efficiency, and efficiency enjoyed by its members, however, the application of Financial Literacy and Fianncial Technology also has its own challenges.

Only Bank Account is Not Sufficient: An Empirical Evidence of Gender Gap in Financial Inclusion in Remote Hilly India

Purpose-The study attempts to explore the determinants of demand side of financial inclusion; it examines the gender gap in financial inclusion in the hilly remote of India.
 Design/methodology/approach- the study has used demand side determinant of financial inclusion to measure gender gap using 400 samples in the hilly remote district of Uttarkashi in India. This research has used both descriptive and exploratory research design. The primary data has been collected using structured questionnaire using multistage stratified random sampling. Logistic regression is performed to describe the gender gap and impact of other independent variable on usage determinant of financial inclusion.
 Findings- Out of ten logistic regression models to determine gender gap in financial seven were statistically significant to explain the gender gap. In addition to gender the other factors like income, education, employment and density of financial institutions were statistically significant for the financial inclusion in remote hilly region in India.
 Research limitations/implications- the outcome of research will assist the stakeholders, policy makers and researchers to reorient their views towards financial inclusion and its relationship with gender and other variables. It will also help them to enact policy guideline towards gender in financial inclusion initiative
 Originality/value-Density of financial institution do play an important role in financial inclusion. This paper has also given more weightage to digital aspects of financial inclusion. This study will thus add a new dimension in determining financial inclusion and will enhance the literature of financial inclusion.

Factors associated with stunting status among under-5 years children in Bangladesh: Quantile regression modelling approach

ObjectivesChronic malnutrition has a detrimental impact on children’s health. Bangladesh has made considerable progress on children’s underweight and wasting health issues over the past two decades. However, the existing prevalence of stunting remains a significant concern for child health. This study investigates the extent of different determinants of stunting status among children under the age of 5 in Bangladesh by using the 2017–18 Bangladesh Demographic and Health Survey data. MethodsIn response to the violation of the parametric test assumptions, a non-parametric Kruskal-Wallis test has been carried out in bivariate analysis to test the equality of median stunting scores across different predictors. The robust quantile regression model is applied to examine the impact of various demographic, socio-cultural, and maternal health-related variables on children’s stunting status. ResultsAdministrative division, place of residence, household head, wealth status, media access, mothers age at recent birth, mother’s education, bank account, height, multiple children, body mass index, antenatal care, and place of delivery shows significant impact on children’s stunting status. Children from the Dhaka division, mothers with higher education, and urban areas exhibit significantly lower levels of stunting. The analysis reveals that mothers with higher body mass index, receiving antenatal care from medically trained providers, and delivered at health-facilitated places, significantly reduce the likelihood of stunting status of their child. ConclusionsEnhancing maternal status and prioritizing maternal well-being could play a crucial role in improving children’s nutritional outcomes. Policymakers may focus on the potential factors for designing effective strategies to reduce the existing stunting prevalence in Bangladesh.

Three payment methods and the law of tracing

Abstract The law of tracing is an area of law that develops rapidly. This article analyses the area of law from the perspective of three payment methods (cash, a letter of credit, and overdrawn bank account) in a commercial context. This article extracts two prepositions that clarify the right to conduct a tracing exercise and advocates further exploration of the law of tracing.