Digital Skills and Research Methods [A1]

Digital Skills and Research Methods [A1]
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Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Background of the organisation...................................................................................................3
Insight to the modern technology introduced..............................................................................6
The impact of technology introduced..........................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................11
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INTRODUCTION
Digital Skills involves the ability and knowledge of individual person in order to determine
the information, requires for digital technology sources. It is an ability of people to find, utilise,
evaluate, create as well as share content applying within information technologies. Another way,
it will be examined that digital skills include efficient literature searching, data management,
communication and other kind of collaboration. It is being able to learn, manage and reflect with
the help of digital technologies.
In this report, it is mainly focused on the HSBC, as one of the leading banking enterprise
which may provide the various kind of investment, loan and other services to their potential
client. The company will focus on the introducing HSBC mobile banking technology in order to
provide the best facilities and services. This report will describe about the background
information of HSBC, challenge as they will face before launching of modern technology.
Furthermore, it will discuss about the insight view of modern technology and its impact on the
entire business performance or efficiency.
TASK
Background of the organisation
HSBC is one of the British multi-national investment bank and financial services holding
organisation. It is based on the largest bank in Europe with its total assets of $2.715 trillion. This
type of banking trace its origin to Hong in British, but established for business in London by
Shanghai banking corporation. It may act the new group of holding enterprise in 1991. HSBC
has been established 3,900 physical offices in 65 different nations such as North America, South
America, Africa and Oceania etc (Al-Tarawneh, 2017). it was becoming consider 6th largest
public organisation, according to its current measurement by magazine of Forbes. It is becoming
considered as systematic way to handle various kind of business of financial tasks in proper
manner.
HSBC is basically organised the business groups such as Commercial banking, global
banking & markets. In 2020, usually banking sector has announced that it would be consolidate
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its retail banking & wealth in management arm with global private banking. Its means that
expand the business in global marketplace. The history of HSBC’s has been plagued by
succession of scandals, bank that has repeatedly fined for the specific money laundering.
Sometimes, it has been setting up large scale in context of tax avoidance schemes. Within 2019,
company has been generating a revenue in marketplace.
Dissatisfaction led to the action, when it was becoming discovered that any group of
Bombay financiers, which intended to be bank of china. Initially, HSBC was established under
certain kind of local companies but after sometimes, it had to incorporate either its royal charter
in compliance with banking regulations. The bank’s founders are becoming subjected to their
specific opinion towards business designed in other nation (Johnson, 2021). Eventually, it deals
with different kind of bank, applicable as unique ordinance and could retain Hong Kong
headquarters, complying with other banking regulations.
HSBC servers an excellent services to their potential consumers such as retail banking,
wealth management, commercial and global banking or markets. In this way, company offers a
wide range of product as well as service to their resident, non-resident peoples. It means that
giving a better option in order to corporate clients. Sometimes, including services such as
business accounts, global liquidity, and cash management solution, trade services etc. these are
basically considered as great advancement in which borrowing a solution. On the other hand,
global banking and markets business which provides a financial products or service in term of
corporate or institutional clients. Sometimes, it includes transaction banking, investment, capital
markets and other kind of derivatives. HSBC has been already prepared for economic recession,
where it has been announced that will be facing as much $300 million in legal as well as re-
location fees, its plan to 1,000 staff members from London to pairs.
In 2017, bank had $4 million in charges for cost associated with U.K. exit from EU.
Afterwards, HSBC plans to move roughly one fifth of its London based investment bankers (Al-
Tarawneh, 2017). In this way, it help to maintain a continuous access point to other European
union’s single market. While its headquarters will remain in London, every staff members are
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