Stakeholder Management and Fraud Analysis: Australian Banking

This report provides an overview of stakeholder management within the Australian banking sector. It begins with an introduction to stakeholder management and its importance, followed by a stakeholder analysis that identifies key stakeholders such as customers, employees, government, society, and investors. The report then explores various fraud issues prevalent in the banking sector, including accounting fraud, loan fraud, and ATM fraud. It analyzes the impact of these issues on stakeholders. Furthermore, the report outlines the requirements of stakeholders, such as the need for lower interest rates, effective financial services, and timely salary payments. It concludes by emphasizing the essential role of stakeholders in enhancing the profitability of the banking sector and suggests that implementing attractive policies and effective stakeholder management can help organizations meet stakeholder requirements and resolve their issues. The report also references relevant academic sources to support its analysis.

PROJECT STAKEHOLDER
MANAGMENT

INTRODUCTION
.
.
. Stakeholder management is a procedure through which organization able to
identify the requirement of their potential uses and convert their policies in
order to fulfil the requirement of their stakeholders so that they can able o
gerante profits and maintain their position the market. This presentation is
related with the banking sector of Australia. In this report , importance of
stakeholder, their requirement and the way organization will be able to fulfil
their requirement has been define in brief manner.

STACKHOLDER ANALYASIS
Stakeholder’s analysis is a procedure in which mangers
identify the requirements, perception an overview of their
stakeholders and changes in policies according to their
requirements.
 Data collected by the stakeholder analysis is used for how
their relevant stakeholders react on organizations polices and
their activities’.
In baking sector it is used to analysis the reason of side,
conflict aeries between banks and their relevant stakeholders
and the way through which they can able to solve these
conflicts (Yang, Zou and Wang, 2016).
Their stakeholders includes, customers, employee,
government, society and investors and shareholders, all theses
have different perceptions and different requirement according
to their need, they have issue regarding the banking sectors
because of the organization suffers from many fraud. Thus
theses analysis help the banking sector to take review and
feedback of their stakeholder.

STACKHOLDER ANALYSIS IMAGE

ISSUES AND PROBLEM OF THE
SYSTEM
 Accounting fraud – It is primarily result in affecting business lending as
business who commit accounting frauds result in looking more profitable in
papers rather then reality. On the basis of such fraud statement bank grant
loan to such type of business as result business are insolvent which result in
can’t repaying loans. Thus, bank get left with loss
 Loan fraud - Bookkeeping misrepresentation can prompt credit extortion, yet
this sort of extortion isn't simply constrained to organizations introducing
fake data on their advance applications. At the point when people present
bogus data so as to acquire a credit, that is additionally advance
misrepresentation. So also, if a criminal takes somebody's personality and
applies for a credit in their name, that is another sort of advance extortion.
Moreover, on the off chance that somebody has a credit extension and a
trick craftsman draws assets from that line, that additionally falls into this
classification.
 ATM Fraud – It involves everything from reprogramming the machine to
installation a skimmer to steal card information or details. Moreover, it also
result In including fraudulent deposits through depositing empty envelopes
as well as free envelope ATM generally easiest way for avoiding that.
 These are major frauds which take place in bank and it is important to focus
on these type of frauds in effective manner so that such practices will not
take place in banking system.

AUSTRALIA ;’S BANKS CONDITION STATEMENT
DUE TO FACING PROBLEM OF FRAUD

 Banking sector’s stakeholders have issues regarding non payments
of their loans, higher interest rate, lack of effective financial
services, and non payment of salaries at their time their employers
required.
 Their stakeholders want to change the policies and use flexible
banking system. They have issue regarding the interest,
remuneration, financial hardship, climate changes of policies (Mok,
Shen, Yang and Li, 2017).
 Thus they wants they can get easily loan at lower interest rat and
get effective financial service which provides them profit.
Government expected banks to pay them loan at the time they
required.
 For fulfilling the requirement of stakeholders banking sectors need
to implement changes in their policies and use effective models in
order to fulfil requirement of government and increase their hare in
market by controlling fraudulent activities with the banking sector.
 They use models and theories which help them to fulfil all the
essential desires and requirement of their stakeholders.
REQUIREMENT OF STAKEHOLDERS OF BANKING
INDUSTRY

STAKEHOLDER REQUIREMENT S
DIAGRAM

CONCLUSION
From the above analysis’ it has been identified that
stakeholders play essential part in banking sector of
Australia they are the main factor to enhance the
profitability rate of the sector. By applying attractive policies
and effect management of stakeholders the organization
sector will be able to fulfil the requirement of their
stakeholder and solve issued of their stakeholders by using
effective policies in order to attain their goal.

REFRENCES
 Yang, R .J., Zou, P. X. and Wang, J., 2016. Modelling
stakeholder-associated risk networks in green building
projects. International journal of project
management, 34(1), pp.66-81.
 Mok, K .Y., Shen, G Q., Yang, R .J. and Li, C. Z., 2017.
Investigating key challenges in major public engineering
projects by a network-theory based analysis of
stakeholder concerns: A case study. International
Journal of Project Management, 35(1), pp.78-94