Auswide Bank Reflection Essay: Technology, Finance, and CSR Analysis

This essay provides a reflection on Auswide Bank, focusing on the impact of technology, the importance of Corporate Social Responsibility (CSR), and the various challenges faced by the banking sector in Australia. The author analyzes the bank's history, its adaptation to technological advancements, and its commitment to ethical operations and customer service. The reflection emphasizes the necessity for banks to invest in technology for consumer protection and to engage in CSR activities to enhance their public image and employee engagement. The essay also touches upon the implications of globalization and regulatory compliance on the banking industry, highlighting the need for continuous adaptation and innovation to ensure sustainability. Desklib offers a platform for students to access similar solved assignments and study resources.

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Auswide Bank Reflection Essay
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AUSWIDE BANK REFLECTION ESSAY 2
Auswide Bank Reflection Essay
Introduction
The industry dealing with the provision of various banking related services necessitates
some compliance with numerous provisions to ensure that the desired outcomes are attainable.
Through the preparation of the PowerPoint presentation and my review of the materials handled
concerning the course, the learning experiences have been reinforced through the materials
covered. The essay aims at evaluating the process through which the PowerPoint presentation
was prepared and its experiences as well as the resources used for course coverage.
1. Analyze the experience of researching the material for the PowerPoint. What was it about the
experience that made you think? How did it make you feel?
In my evaluation of the data available from various sources relating to Auswide Bank, it
was mandatory for me to conduct a comparison of the challenges the corporation is undergoing
concerning the industry in which it operates (Bollen, Skully, Tripe & Wei, 2015). My
investigation into the company's history led to the realization of the importance of mergers and
acquisitions for the enterprise to remain operational. The challenges evident in the Australian
operation environment were better understood especially concerning the changes evident where
client expectations are concerned. Moreover, Australian banking has gravitated towards being
defined by the implementation of different forms of financial technologies (De Jong, Choo &
Loudon, 2016).
The experience made me think of the modifications that might be necessary for Auswide
Bank to retain its relevance among the existing as well as potential clients. In my opinion, the

AUSWIDE BANK REFLECTION ESSAY 3
facility must direct adequate funds towards complying with regulations particularly where the
adoption of technologies for consumer protection is involved.
The feelings evoked by the process, particularly when examining the responsibilities of
Auswide Bank socially resulted in the realization of the factors essential for the longevity of
corporations (De Jong, Loudon & Choo, 2016). By focusing on its clients and other stakeholders,
the bank has managed to improve its image among its publics. The outcome is increased loyalty
concerning its undertakings.
2. Was there something about the experience that challenged your ideas about what you’ve
learned? Or did it reinforce those ideas?
The experience reinforced the information obtained from the coverage of various course
materials. In lecture five featured an examination into the implication of technology with regards
to how businesses are conducted. The lesson led to the understanding that technology has paved
the way for numerous opportunities as well as threats to banking enterprises. Through research, I
was able to determine that most Australian millennials indicate a preference for services which
are offered online concerning banking. In addition, Auswide bank has made it possible for its
clients to make use of BPAY® to make it possible for its elderly clientele to make payments with
regards to their bills. My conclusion is that the materials covered are reinforced by the research I
conducted.
Australian clients necessitating banking services mandate efficient services which are
innovative. Week eleven’s lecture covered the application of ISO 900 and other related
provisions up to ISO 9004 in Auswide Bank (Atkin & Cheung, 2017). Among the factors which
were heavily underscored the processes which can be applied to ensure that quality management

AUSWIDE BANK REFLECTION ESSAY 4
leads to the achievement of consistency as well as the assurance of quality. From my research
experience, the items covered in the lecture align with the provisions evident in Australia’s
banking sector.
3. How did your experience fit with the literature you’ve been reading, or with the course
materials?
The lecture provided in week four and week seven underscored the factors essential in
ascertaining that modern businesses are remodeled and reshaped (Williams, 2016). The factors
highlighted include an enterprise's clients, the ethics as well as the corporation's social
responsibility in addition to social media and sustainability. The lecture also emphasizes the
importance of ensuring that employees are engaged.
The experience regarding the Preparation of the PowerPoint slides perfectly fit the
literature covered in different sessions (Deysel & Kruger, 2015). At Auswide Bank, among the
factors evident is the caution that the facility takes when dealing with its clients and its efforts to
operate ethically. Hence, clients can expect transactions characterized by integrity as well as
honesty as part of the company’s responsibility socially.
Week six of the learning sessions offered insights into globalization and the associated
complexities (Howell, 2015). However, my experience relating to the preparation of the
presentation did not fit into the concepts learned with regards to globalization. Most of Auswide
Bank’s operations are located in Australia which ensures that the organization does not have to
encounter the challenges that international operators are forced to contend with.
4. Evaluate the experience. Was it overall a positive or a negative experience for you? What will
you draw from it?

AUSWIDE BANK REFLECTION ESSAY 5
Generally, the experience was positive for me. The outcome was that I understood the
reasons necessary for organizations to be engaged in various CSR initiatives. The perception that
an enterprise can cultivate among its respective publics is the value it attaches to philanthropic
activities (Moradi-Motlagh & Babacan, 2015). The outcome is that the organization’s clients can
give some goodwill for the endeavors engaged in. Moreover, opportunities are accorded to
employees to be extensively engaged in the activities undertaken by the corporation (Liu, 2015).
Through the experience, I was able to understand the implications of changes for
contemporary enterprises. For example, the earnings which are bound to accrue to organizations
will be greatly reduced as they strive to align their operations with new regulations as the
processes involved are quite expensive to implement (Guttmann & Rodgers, 2015). However,
this would help to ascertain that the institutions offering related banking services can cater
adequately to their consumers. In addition, the procedures used for employee recruitment are
changing with some preference for individuals with diverse technology-related skills.
Conclusion
Enterprises are undergoing many challenging in the process of ensuring that they can
cater to their clients. Technology is also changing interactions between banks and their
respective clients paving the way for increased efficiency in regards to how enterprises can
conduct their transactions. The changes evident in Australia are bound to increase the
sustainability of the nation's banking sector. However, positive outcomes are only attainable
where some expenses are incurred to ensure some compliance with the stipulated requirements.

AUSWIDE BANK REFLECTION ESSAY 6
References
Atkin, T., & Cheung, B. (2017). How Have Australian Banks Responded to Tighter Capital and
Liquidity Requirements?. RBA Bulletin, June, 41-50.
Bollen, B., Skully, M., Tripe, D., & Wei, X. (2015). The Global Financial Crisis and Its Impact
on A Australian Bank Risk. International Review of Finance, 15(1), 89-111.
De Jong, P., Choo, W., & Loudon, G. (2016). An Early Warning Tool for Measuring the Build-
Up of Systemic Risks in Banks and Financial Systems.
De Jong, P., Loudon, G., & Choo, W. (2016). Monitoring Risk in the Financial System Using
Time Series Methods.
Deysel, B., & Kruger, J. (2015). The relationship between South African CEO compensation and
company performance in the banking industry. Southern African Business Review, 19(1),
137-169.
Guttmann, R., & Rodgers, D. (2015). International banking and liquidity risk transmission:
Evidence from Australia. IMF Economic Review, 63(3), 411-425.
Howell, N. J. (2015). Revisiting the Australian code of banking practice: is self-regulation still
relevant for improving consumer protection standards. UNSWLJ, 38, 544.
Liu, H. (2015). Constructing the GFC: Australian banking leaders during the financial ‘crisis.'
Leadership, 11(4), 424-450.
Moradi-Motlagh, A., & Babacan, A. (2015). The impact of the global financial crisis on the
efficiency of Australian banks. Economic Modelling, 46, 397-406.
Williams, B. (2016). The impact of non-interest income on bank risk in Australia. Journal of
Banking & Finance, 73, 16-37.