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HI5019 - Assignment on Strategic Information System

   

Added on  2019-10-30

18 Pages4300 Words142 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..........................................................................................................................2Business Processes...............................................................................................................3Business Requirements........................................................................................................4System Requirements..........................................................................................................5Software and Vendor Selection...........................................................................................6Three Ways of Technologies used by ANZ to Improve Business Efficiency.....................8Level of Efficiency to Implement Technology....................................................................9Potential Security Risks and Data Breaches......................................................................10Guidelines to Mitigate Risks.............................................................................................11Conclusion.........................................................................................................................12References..........................................................................................................................14Bibliography......................................................................................................................16

2STRATEGIC INFORMATION SYSTEM OF ANZ BANKIntroductionThe Australia and New Zealand Banking Group Limited better known as ANZ Bank isthe largest bank in the list of five topmost largest companies (Akman and Mishra 2015). TheAustralia and New Zealand Banking Group Limited is situated in Australia and this bank isconsidered as most famous bank in New Zealand. The ANZ Bank has a capital of 93.4 billionAustralian dollar and have a total asset of 896.5 billion Australian dollar was reported on 31stMarch. The ANZ Bank operates on a total of 34 markets spread across Australia, Pacific,America, Middle East, New Zealand and Europe. The ANZ Bank serves the retail, institutionaland as well as commercial customers with the help of 46000 staffs. The corporate and customerofferings are given in core markets, and capital flow and regional trade are offered in areasacross the region. The Australia and New Zealand Banking Group Limited have 550,000shareholders out of which 72.5 percent are domestic shareholders and rests are retailshareholders.The purpose of ANZ bank is to make a world that shines with communities and itspeople. The Australia and New Zealand Banking Group Limited creates a sustainable andbalanced economy, where all take part for leading better life (Bowman et al. 2017). Fromfacilitating trade and financing in 1830s, the main focus of ANZ Bank is always to unlockopportunities that are related to business, communities, families and individuals. With thetechnologies, climate change, globalization and demographic graphs changing fast, the ANZBank faces much challenges and opportunities to enable encouraging the sustainable growth andeconomic participation. The ANZ Bank uses its services, products and insights, and also thenetwork of banking in Asia so that the businesses and individuals to grow. The work of ANZ

3STRATEGIC INFORMATION SYSTEM OF ANZ BANKBank is to make the savings of the individuals to investment, make small businesses into bigbusinesses, and takes the enterprises that are domestic in international platform and to evolve theold enterprises to renovate. Australia and New Zealand Banking Group Limited provides ideasand transforms them, and give ambition and hard work into reality. In this report the business process that is related to Australia and New Zealand BankingGroup Limited is briefly discussed following the business requirements and the softwarerequirements of the ANZ Bank. The software and vendor selection of the ANZ Bank is statedand there relative three ways of technology that improves the efficiency of ANZ Bank. Theefficiency level is described to implement the technology and the potential security risks aredetailed. The data breach that took place in ANZ Bank is also mentioned and the relatedguidelines to mitigate the risks in Australia and New Zealand Banking Group Limited.Business ProcessesThe business process that is followed by the Australia and New Zealand Banking GroupLimited commonly known as ANZ Banks follows many strategies in their business processes.The strategy of ANZ Bank is to use strong foundation of Australia and New Zealand, servicesthat lead the market and the geographic footprint that are distinctive (Chuang and Hu 2015).Their strategy is also to observe the needs of the customer and to meet the needs of the customersand also to capture the opportunities that are linked with capital flow and regional trade. Byfollowing these strategies, shareholders of ANZ Bank are provided with unique combinationaccess of franchises that are high returning and long term direct exposure in Asian growth. Thebusiness process strategy of Australia and New Zealand Banking Group Limited follows threeelements:

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