Banks accumulate all possible risks inherent in other payment institutions. However, at the same time, the bank always transfers responsibility to other payments participants, such as the Payment Facilitator, merchants, and any others, thereby trying to compensate for potential losses. The downside of this model is the inability to fully control all the processes and activities of its partners and customers. Nevertheless, there are quite effective methods to minimize such risks.
What are the most common risks that banks suffer from?
These are just the main risks that can be applied to banks, in reality there are a much larger number of them.
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