Commonwealth Bank IS Strategy, Management & Acquisition Analysis

This report provides a comprehensive analysis of the IS strategy, management, and acquisition practices of the Commonwealth Bank of Australia. It begins with an introduction highlighting the bank's pioneering role in mobile banking and then delves into the advantages of its IS/IT systemic changes, including the use of SIM cards, upgrades to mainframe computing, and the integration of personal and home loan systems. The report discusses the management of these changes, comparing the bank's approach to that of its competitors, and explores future IS/IT strategies, such as augmented reality and artificial intelligence for mobile banking. It concludes by emphasizing the bank's commitment to leveraging technology for enhanced customer service and operational efficiency. The report also includes background information on the Commonwealth Bank of Australia and its mission to be the leading financial service organization in Australia. It also highlights the importance of information systems and technology in shaping the future of business productivity by reducing cost and daily operational expenses.

•The use of SIM card in mobile allows the device to be connected
directly with the bank.
•On top of that, the recent banking application developed by the
Commonwealth Bank allows the customer handling team.
• This is to send direct request to customers for securing the
mobile server that we are using for internet banking of
Commonwealth Bank.
•Significant integration of the PLS with HLS made it possible for
the Commonwealth Bank to launch most advanced personal loan
product within 60 days of implementation of this IT infrastructure
(Stanford, Hardy and Stewart 2018).
Introduction Advantages of the IS/IT systemic changes Management of changes
Future management of the IS/IT changes
Conclusion
•This report emphasizes on the fact that the
Commonwealth Bank of Australia is the first bank in
the country which implemented the fully functional
service of mobile banking.
•The changes regarding IS/IT strategy implementation
will include the introduction of mobile technology,
upgradation of the previously employed mainframe
computing system .
• It is with the UNIX system integration of the personal
loan system with that of the home loan system
alterations of the IS/IT strategy of the largest Banking
and Finance organisation of Australia, the
Commonwealth Bank will be discussed.
•The Commonwealth Bank is a multinational
Finance Corporation established in the early
years of 19thcentury.
• The primary mission of the institution is to
become the top most Finance Service
Organisation in terms of service quality and
customer reputation in Australia.
•Information system or information technology
is in any company, one of the key factors of
success.
• The organisations around the world have you
realise that Technology can shape the future of
their business productivity by reducing their
cost to the company and daily operational
expenses.
•So forth and so long, the Commonwealth Bank of
Australia have been maintaining the latest information
system strategies. This initiatives have helped the bank
to establish well framed relationship with the
customers. This report also clarified that
implementation of fully functioning Technology at an
early stage of global digitalization has helped the bank
to sustain the achievement of a large customer base.
This success prompted the personal loan software and
the home loan software so that around with net
banking services they could also provide these two
services under a single platform, digitally.
As advocated by the CSO, as a part of their future
planning for the time span of 2020 to 2025.
The organisation is planning to use the feature of
augmented reality and artificial intelligence to
provide mobile banking solutions to the customers.
This feature will utilise the personal banking data
of the customers to determine if they need instant
money transaction for any instance.
Based on the customer transactions, the
organisation will be able to draught a line of most
important customers who will be favoured with the
most beneficial offers and discounts from the end
of the bank (Williams 2016).
Overview of Central Bank of Australia
IS Strategy, Management & Acquisition
The case of central bank of Australia
Technology in central bank of Australia
Internet banking growth and satisfacation
Compared to the other computers, explain the risk
as well as problems associated with the old version
of the mainframe computers or the separate
handling of the HLS and PLS.
This helps HP to design the operating systems in the
most relevant manager so that the Enterprise can
make the best advantages of that (Lees, Winchester
and De Silva 2016).
Again, has shifted to other It Enterprises like IBM
or other reputed brands from HP. HP is absolutely
responsible for managing as well as maintaining of
the HLS software as well as the latest employed
UNIX system