Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
Vigilance in banking is often associated with investigations, disciplinary proceedings and action taken after misconduct has been detected. Its more important role, however, is preventive. An effective vigilance framework should identify vulnerable processes, unusual employee behaviour, control overrides and suspicious Read More …
Fraud in banking rarely occurs as a single isolated event. It follows recognisable patterns across transactions, customer behaviour, documentation inconsistencies, and operational control gaps. Detecting these patterns early is critical to preventing financial loss and regulatory exposure. This 5-hour practical course Read More …
A Real-World Case Study in AI Deepfake Banking Scams & Financial Risk Exposure Sector: Cybersecurity / BFSI / Technology Core themes: AI misuse, fraud risk, identity verification failures, regulatory response Why AI Deepfake Banking Scams are a “case” and not Read More …
Rs.82000 crore bank frauds reported: As per RBI data, 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore (approximately Rs.82,000 crore) in preceding fiscal 2020-21. This data was revealed on the basis of the Right to Information (RTI) Read More …
Money laundering, automated clearing house fraud and wire transfer scams are running rampant in the banking industry. U.S. financial institutions spent more than $4.5 billion on fraud detection systems in 2021 as continuous threats around real-time payments emerged in the Read More …
Banking frauds in India are so frequent and rampant that they no longer surprise most people. For example, take the last financial year, 2020-21, during which more than 83,000 banking frauds took place that syphoned off Rs 1.38 lakh crore. Read More …