Articles for tag: banking industry, Chinese walls, confidential information, conflicts interest, different departments, financial industry

Understanding the Meaning and Significance of Chinese Walls

Chinese walls are barriers that are put in place to ensure protection, independence, and security in various industries. The term “Chinese walls” originated from the banking industry, where it refers to the policies and procedures that are implemented to prevent conflicts of interest and ensure the separation of certain activities within a financial institution. The ...

The Meaning of Micr in Banking: A Comprehensive Guide

In the modern world, banking has become an integral part of our personal and financial lives. From managing our accounts to making payments, we rely on banking services for a wide range of transactions. With the advent of technology, the banking industry has evolved, giving birth to new and innovative solutions that make transactions faster ...