Knowledge Exchange Project: HSBC Software Implementation and Security

This Knowledge Exchange Project investigates the implementation of new software within HSBC Holdings, focusing on its viability and security within the UK financial sector. The project begins with an overview of HSBC, its services, and its significance as a major financial institution. It then outlines the aims and objectives, which include proposing new software to improve operational efficiency, assessing its feasibility (technical, economic, and operational), analyzing security challenges, and measuring the software's viability to recommend improvements. The project's rationale emphasizes the need for fault detection software and the importance of ensuring the security aspects of banking institutions. The project execution plan involves five steps: initiation, planning, execution, controlling & monitoring, and closure. The project will take approximately 14 weeks to complete, encompassing literature review, data analysis, and the formulation of recommendations to enhance both security and organizational performance. The research will incorporate literature published after 2017 and will reference existing studies on software development and its implications for the financial sector. The project aims to provide valuable insights into the successful and secure integration of new software within the financial industry, specifically concerning HSBC Holdings.

KNOWLEDGE
EXCHANGE PROJECT

TABLE OF CONTENTS
• Research topic
• Overview of HSBC Holdings
• Project aims and objectives
• Project Rationale
• Influencing Literature
• Project Execution Plan
• Project timeline
• References

RESEARCH TOPIC
To investigate the implementation of new software, its viability and security with
reference to financial sector of UK: A study of HSBC Holdings.

Overview of HSBC Holdings
• HSBC holding is a financial giant in the financial sector of UK.
• It is a multinational investment bank providing various financial services
to the citizens of UK and many countries of the world.
• It was founded 155 years ago in 1865 by Sir Thomas Sutherland. It is
headquartered in London, England.
• It is providing services like private, retail, corporate and investment
banking, mortgage loans, wealth management and many more.
• It is a public limited company considered to be the biggest UK banking
institution in terms of its total assets size.

PROJECT AIMS AND OBJECTIVES
Aim: The aim of this research is to investigate the viability and security of the new
software that will be implemented in HSBC holdings.
 To propose the concept of new software for improving operational efficiency of HSBC
holdings.
 To identify the feasibility of new software in terms of technical, economic and
operational aspects.
 To analyze the challenges and issues with reference to security aspect of new software.
 To measure the viability of new software and recommend appropriate solutions in order
to enhance organizational performance.

PROJECT RATIONALE
• The reason behind conducting this research is to
identify the need of developing fault detecting
software, and identify whether the software
development idea is feasible for improving the
operational and financial performance of the
HSBC holdings and other players of UK’s
financial sector.
• Also, the reason of this study is to recommend
possible changes in software to ensure the
security aspects of the banking institutions.

INFLUENCING LITERATURE
• In order to study the existing literature in the context of innovations in
software with reference to financial sector, the researcher will utilize only
those sources which are published after 2017.
• Also, the actual data and information of already conducted studies by
researcher and scholars with regards to software development will be
presented without modifications.

CONT.
• The researcher will include literature regarding; the security aspects that
need to be considered while implementing new software in financial
sector, the feasibility measures with regards to software innovations and
its contribution towards organizational performance.
• Some of the sources which will be referred for this research are mentioned
in the special notes of the slide.

PROJECT EXECUTION PLAN
The project will be done in total five steps,
beginning from project initiation, project
planning, project implementation, project
controlling & monitoring and project closure.
In the first step of project initiation, the
scholar will choose the topic and frame aims and
objectives for conducting research on studying
the viability of software development.

CONT.
 In the second step of project planning, the researcher will state the reason
for conducting the research and decide upon the research methodologies
for obtaining data and information pertaining to software development and
associated security measure from both primary and secondary sources.
Also, the budget, resources and risks will be determined.
 After this, in project execution step, the scholar will execute the project
where data will be gathered from various sources by reviewing available
literature and analyzing the same.

CONT.
 For controlling and monitoring the research associated with the software implementation, the
researcher will ensure the ethical conduct throughout the project execution along with presenting
the data with high reliability and validity, so that the software implementing team can according
assure the security of the financial concern.
 In the last step of project closure, the project will be closed by presenting findings, concluding
remarks and recommending appropriate solutions for ensuring both security and organizational
performance.

Timeline of the Project
• The research associated with the new software implementation will take
around 14 weeks which includes all five steps of project execution plan.