Abstract—Risk Management in Electronic Banking and electronic money is a comprehensive study of the concepts and best practices in electronic banking. Card Swap Machine may be used in very effective and safe manner for electronic banking purposes. It fills a badly needed global requirement for not only bankers but all users of electronic banking then delves into the risks inherent in e-banking including strategic, operational, compliance, reputational and others. This paper provides a broad overview of electronic banking and It also highlights the importance of risk management. Proposed research work in the rule based expert system would overcome the limitations of uncertain and imprecise knowledge representation by using fuzzy logic and fuzzy metagraph. Metagraph is a powerful tool used for visualizing data dependence. It allow one node to have multiple instances and these instances are automatically tracked. In the electronic banking sector the most commonly seen risk are primarily of our kinds – reputational, strategic, legal and operational. These are regarded as the most important risks in the global banking industry. The purpose of this paper is to provide considerations for supervisory authorities and banking organisations as they develop methods for identifying, assessing, managing and controlling the risks associated with electronic banking and electronic money. While providing new opportunities for banks, electronic banking and electronic money activities carry risks as well as benefits and it is important that these risks are recognised and managed in a prudent manner.
Index Terms—Electronic money, Electronic banking, Fuzzy metagraph
Reader, SOC&E IPS Academy, Rajendra nagar, Indore(mp), pk_dashore@yahoo.co.in
Professor, Computer Engineering, IET, DAVV, Indore, suresh.jain@rediffmail.com
Cite: Pankaj Dashore and Suresh Kumar Jain, "Fuzzy Rule Based System and Metagraph for Risk Management in Electronic Banking Activities," International Journal of Engineering and Technology vol. 1, no. 1, pp. 97-101, 2009.
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