Banks process money transfers, issuance of checks, credit card transactions and other payment transactions. This is important to meet customers' daily financial needs.
Internal audit departments evaluate the effectiveness of internal control systems by examining the bank's business processes and financial records. This aims to comply with regulations and prevent fraud or abuse.
Banks must comply with legal regulations governing their activities. Therefore, complying with regulatory requirements is an integral part of banking operations. Banks attach great importance to information technologies and data management operations. Issues such as security of customer information, business continuity, digital banking apps and data analytics form a central part of bank operations.
