Risk Assessment and Fraud Prevention in Banking Sector

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dc.contributor.authorNyakarimi, Samuel N.
dc.contributor.authorKariuki, Samuel N.
dc.contributor.authorKariuki, Peter
dc.date.accessioned2021-11-27T08:26:31Z
dc.date.available2021-11-27T08:26:31Z
dc.date.issued2020
dc.description.abstractThe objective of the study was to assess the effect of risk assessment on fraud prevention in banking industry in Kenya. The study involved all banks in Kenya. Descriptive and correlational research designs were used in this study. Factor analysis was undertaken to reduce the factors and remain with factors that had higher loading which was determined through the use of Eigen values. Correlation analysis was applied to determine the strength and direction of relationship between variables and regression analysis based on structural equation modelling (SEM) was used to test the hypothesis. The descriptive analysis showed that the respondents strongly agreed that the parameters put in place are capable of preventing fraud in banks. The hypothesis testing showed that risk assessment has significant effect on fraud prevention in banking industry in Kenya. From the results of tests, it was concluded that the risk assessment mechanisms put in place to assess the risks have significant effect in fraud prevention and as such they should be enhanced to completely prevent fraud in banking sector. Keywords: Risk assessment; Banking sector; Fraud prevention; Kenya.en_US
dc.identifier.citationhe Journal of Social Sciences Research, 6(1), 13-20.en_US
dc.identifier.issn2411-9458
dc.identifier.issn2413-6670
dc.identifier.urihttp://repository.embuni.ac.ke/handle/embuni/3901
dc.language.isoenen_US
dc.titleRisk Assessment and Fraud Prevention in Banking Sectoren_US
dc.typeArticleen_US
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