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HI5019 - Strategic Information System of ANZ Bank

   

Added on  2020-02-24

17 Pages4298 Words61 Views
Running head: STRATEGIC INFORMATION SYSTEM OF ANZ BANKStrategic Information System of ANZ BankName of Student-Student Id-Name of University-Author Note-

1STRATEGIC INFORMATION SYSTEM OF ANZ BANKTable of ContentsIntroduction......................................................................................................................................2Background of ANZ Bank...............................................................................................................2Business Processes...........................................................................................................................3Business Requirements....................................................................................................................5System Requirements......................................................................................................................6Software and Vendor Selection.......................................................................................................7Three types of technologies to Improve Business Efficiency of ANZ Bank..................................8Level of Efficiency for Implementing Technology.......................................................................10Potential Security Risks and Data Breaches..................................................................................10Ways to Mitigate Risks..................................................................................................................12Conclusion.....................................................................................................................................12References......................................................................................................................................13Bibliography..................................................................................................................................13

2STRATEGIC INFORMATION SYSTEM OF ANZ BANKIntroductionAs pointed out by Akman and Mishra (2015), the strategic information system is helpfulfor easing the flow of operations and deploying effective and improved services for theorganization. The following report deals with the analysis of the ANZ bank case study. ANZbank is one of the most renowned occurrences. The report analyzes the Australian and New Zealand Banking Group Limited Bank. Thebusiness process of ANZ Bank is explained in this report. This report also deals with thesoftware requirements of the ANZ Bank and the selection of software and the vendor that isneeded by the ANZ Bank. This report states three different ways of technologies that are neededby the ANZ Bank and their related potential risks. The issue depicted in this scenario is the databreach. The data breach occurred at ANZ bank and the possible solutions for avoiding theoccurrence of the security issue has been given in the following report.Background of ANZ BankThe ANZ bank holds an integral position in the financial market sector of Australia andNew Zealand. It is analyzed that the overall capital of ANZ bank is about 93.4 billion AU$.However, in their annual report of 31st March, 2013, the company has an overall asset of over896.5 billion AUD. The market coverage of the ANZ bank is stretched to regions of NewZealand, America, Europe and Middle East. The work of the ANZ Bank is to give service to theretail customers, commercial customers and also the institutional customers. The Australia andNew Zealand Banking Group Limited Bank works with 46000 staffs working in the bank. Thecorporate and customer offerings in the banking sector are being offered throughout the regions

3STRATEGIC INFORMATION SYSTEM OF ANZ BANKof market expansion of ANZ Bank. There are near about 550,000 shareholders that areassociated with the bank among which about 72.5 percent of the total shareholders are domesticand the rest are retail. The target of the Australia and New Zealand Banking Group Limited Bank is making theworld to shine with all its communities and the people living in the world. A balanced as well asa sustainable economy is created by the ANZ bank to make life to lead properly. The main focusthat ANZ Bank focuses to is not only on financing sector or the facilitating sector, but alsofocuses to provide opportunities which relates to families, businesses, families and alsoindividuals. Many difficulties are looked by the ANZ Bank with the evolving advancements,evolving globalization, statistic diagrams and furthermore environmental change. The Bank alsoprovides opportunities that encourage the sustainable growth of the economy and also economicparticipation. The Australia and New Zealand Banking Group Limited Bank inspires businessesto grow and also helps the individuals by providing services and network in the banking sector ofAsia. The funds that are finished by the people in venture, to manufactured private companies tohuge organizations and to take all the little endeavors to global level is crafted by ANZ Bank.The bank helps to rebuild the old enterprises and helps them to evolve. The ANZ Bank providesideas and helps to change those ideas and provide hard work and ambition to reality.Business ProcessesNumerous systems are trailed by the ANZ Banking Group Limited Bank during the timespent business forms. The business processes that are used in the ANZ Bank have manystrategies. Making use of strong foundation is the strategy that is used by the ANZ Bank. Astrong foundation is created between Australia and also New Zealand (Ravichandran, Taylor and

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