Banking Security: A Hong Kong Perspective

Abstract

At present, financial institutions use many electronic systems for the operation of their financial environment. In Hong Kong, many bank host systems, for the processing of daily financial transactions, use IBM systems, COBOL, and relational databases, while others use Unix, C/C++, and relational databases such as Oracle. An extensive array of other electronic systems are built around the bank host system. These include branch teller systems, internal users interfacing systems, ATMC, ATMP, JETCO gateway, SWIFT, CHATS, systems for printing reports and statements, systems for generating electronic statements, phone banking systems, Internet banking systems, mobile banking systems, anti-money laundering systems, electronic workflow systems, inward and outward clearing systems, signature card systems, check imaging systems, forex trading systems, securities trading systems, brokerage systems, stock quotation systems, insurance policy management systems, insurance broker systems, and others.