Bank Of Communications Online Banking Risk Management Research

With the rapid development of global information, the paper currencies will gradually be replaced by electronic money, and the traditional counter transactions will be gradually replaced by Internet banking transactions. Internet banking, as a emerging financial services channels and a new mode of operation, brings the traditional banking industry unprecedented opportunities for development. While Internet banking significantly improve financial service quality and efficiency, it brings new risks and challenges to banking industry as well. So to prevent and control risks and ensure the safe operation of Internet banking become an important issue In the meantime of it’s development. Compared with developed countries, China’s backward online banking risk management mechanism has become a bottleneck that constrain it’s development, and financial industry lacks of systematic study on internet banking risk management. Such being the case,we have to further study and search for solutions to better online banking risk management.Using risk management theory, this Paper studied risks on technology level and operational level of Bank of Commuications’s online banking based on the characteristics of Internet banking risks. This paper described how to identify and evaluate risk, and established a risk assessment system through the use of qualitative and quantitative analysis method. Then based on the evaluation result, constructive countermeasures to improve risk prevention mechanism is put forward, that is to develop contingency plans for high-availability system, establish and improve internal procedures, and regularly assess technology information at technical level. And at the operational level, set up online banking risk internal control system. and establish customer operation risk prevention measure in order to clarify responsibility to avoid legal risk.Internet banking of Bank of Commuications started in early time in domestic banking industry, it’s business function is very comprehensive, and is experienced in internet banking risk management. This paper comprehensively analysis it’s online banking risk and proposed a constructive risk prevention strategies in order to improve it’s risk management capacity to a new level. Through in-depth study of internet banking risk management of Bank of Commuications,it also has some reference for other commercial bank in China to improve their online banking risk management system.