A Conceptual Model for Integrated Autonomous Processing An International Bank

Cover A Conceptual Model for Integrated Autonomous Processing An International Bank
A Conceptual Model for Integrated Autonomous Processing An International Bank
Williams Frank
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o Risk Management functions are those which verify that the transactions being processed do not violate limits, conditions, or policies established by the customer, the bank, or the various regulatory agencies. Ideally, these functions should be 10 - synchronized with the processing of transactions. In some cases where this is not feasible, "after-the-fact" Risk Management functions can be used to initiate corrective action. O Accounting records the cumulative impact of the transactions complet
...ed. Accounting functions are characterized as being continuous over time, in contrast to the discrete events which take place in most of the transaction processing functions. For example, in the banking environment, accounting takes place on two distinct levels: customer accounting and organizational accounting.
2. 4. 4 Information Processing Information Processing refers to all the subsystems that perform analysis, calculations, or restructuring of the data (e. G. , consolidated financial statement).


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