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Review of literature on internet banking
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Content Page
1. Introduction 3
1.1 HSBC Organizational Chart 5
1.1.1 Organization Structure 5
1.1.2 Work Specialization 6
1.1.3 Departmentalization 6
1.1.4 Chain Of Command 6
1.1.5 Span Of Control 6
1.1.6 Centralization or Decentralization 6
2. 3 Major Processes of HSBC 7
2.1 Balance Enquiry 7
2.2 Cash Withdrawal 9
2.3 Cash Deposit 11
3. Information Systems 13
3.1 e-Commerce Applications 13
3.2 Wireless applications 13
3.3 Enterprise Resource Planning Systems 14
3.4 Customer Relationship Management Systems 15
4. References 16
1. Introduction
HSBC bank which is called Hong Kong and Shanghai Banking Corporation, was founded in 1865 and opened in 1877. It is also the largest bank in the world pertinent to assets and ranks sixth in the world’s largest public company in 2012. As one of the leading banks in the world, with around 89 million customers served with various products and loans such as personal loans, house loans, corporations loans, wealth management, investments, insurance and deposits. Some of the interesting facts are that HSBC bank has won several awards during 2011 which includes the best corporate internet banking in Singapore, rank second place in the Forbes Global 2k world’s biggest companies. It is ranks first in the Brand Finance Banking 500 in year 2012.
HSBC bank has help in the growth of the world’s economic finance and also in multi-national company (MNC) and small and medium enterprises (SME) worldwide. It also provides a wide variety of financial amenities for individuals, corporations and panoply of products and services to financial institutions worldwide.
Marketing covers wide-ranging on investments, interest rate, trading in global exchange to Multinational Company and busi...
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...lows organization to be well informed with the current customers and it is important for banks to get customer to remain loyal with them thus HSBC has a good Customer Relationship Management Systems to response to the customer’s request.
References
About HSBC-holdings. (n.d.). Retrieved January 26, 2014, from HSBC: http://www.hsbc.com.sg/1/2/about-hsbc-home/about-hsbc-home About HSBC-holdings. (n.d.). Retrieved January 26, 2014, from Forbes: http://www.forbes.com/companies/hsbc-holdings/
HSBC pictures. (n.d.). Retrieved January 26, 2014, from HSBC: https://www.hsbc.com.sg/1/2/home
About HSBC e-commerce. (n.d.). Retrieved January 26, 2014, from knowledge HSBC: https://www.knowledge.hsbc.co.uk/tools-and-resources/article/e-commerce About HSBC mobile banking app. (n.d.). Retrieved January 26, 2014, from HSBC:
http://www.hsbc.co.uk/1/2/ways-to-bank/mobile
HDFC has identified its mission as becoming “a world class Indian bank” as good as it sounds from a business perspective, hackers find this fun to break down. It will inevitably become a target for sophisticated attacks. HDFC already has a technology-intensive system in place to analyze transactions and assign risk rates to them, the higher the rate the more chances are of a fraud. It provides a cool-period for transactions to be fully completed, using standard checks such as passwords and ID’s. What I believe HDFC should add to the pot is security of its website by itself, awareness of customers and employees, better security procedures, and commitment of the management.
The banking industry is under pressure in today’s business climate. Banks have been through big changes. There is opportunity, but there is also increasing competition. To be the preferred bank means changing “good enough” into a unique value proposition. And that means changing the way people have always done things, change on this level requires cutting edge technology. Change cannot be achieved with a simple directive or surface adjustment especially within the banking industry. It requires an innovative rethink of the entire system, in a strong partnership between bank leaders and their change agents. New systems and policies must support the strategy to be successful. The real test of a good strategy implementation plan is whether the people understand the strategy, are motivated and enabled to implement it, and actually start achieving its goals.
Canadian Imperial Bank of Commerce, also known as CIBC, is Canada’s fifth largest bank. Established in 1961, the bank that we know today was formed through the merging of the Canadian Bank of Commerce and the Imperial Bank of Canada. At the time, these two banks were the largest banks in Canada. CIBC’s head office is located at 199 Bay Street, Toronto, Ontario. This international company operates in Canada, Europe, the United States and the Asia Pacific region. CIBC`s vision is To be the leader in client relationships. They value Trust, Teamwork and Accountability. Their corporate objectives include building on their financial strength, unlocking value for reinvestment and to culture focus on client relationships. CIBC currently
Marketing In this day and age is vital for a company to perform at its possible best. Marketing’s main focus is to give great satisfaction to a customer. There are many aspect of marketing, these aspects give marketer’s the tools to help strive for the best possible success they can achieve. They hope that they can create exposure for their brand, product or service.
Marketing is the process of searching for options for accumulating profits by identifying the demands of the people and satisfying their needs with appropriate products. In today’s globalized business world, marketing can play a vital role in establishing trade blocks all over the globe with competitive and cutting edge market, research, policies, strategies and activities.
Wells Fargo, is an American International banking and financial services holding company. It provides banking, mortgage, investing, credit card, insurance, and consumer and commercial financial services. In July 2015, Wells Fargo became the world’s largest bank with 8,700 branches and 13,000 ATMs. In addition, it was the second largest bank in deposits, home mortgage services, and debit cards. Wells Fargo’s main office is located in Sioux Falls, ND., and was recognized as one of the, “Big Four Banks”, which included JPMorgan Chase, Bank of America, and Citigroup.
Wells Fargo leading aspects has shown they are strong and manageable. One of the factors of management that has caught my attention is how transparent they are. According to John Stumpf, CEO of Wells Fargo, if an employee wants to say it, just say it! Stumpf said that managers have learned to disagree without being disagreeable. The fact that they care for their customers so much, they tend to likewise care for their employees.
The Bank of Canada is Canada’s central bank, whose current Governor is Mike Carney. It was founded in 1934 by the Bank of Canada Act of the same year. The country’s banking system was quite stable even before the Bank of Canada was established, mainly thanks to its branch banking structure, and showed little interest in central banking in the early 1900s. In addition, the banking system was somewhat being regulated by the Canadians Bankers’ Association. However, as the Great Depression took Canada by storm, talks about its then financial state were brewing. Some even questioned the country’s ability to meet larger demands. The central bank was formed from the Act in 1934, and starting running in 1935, but as a privately owned institution. Then, when William Mackenzie King was re-elected as Prime Minister after a full term by Richard Bennet, the new government made an amendment to the Bank of Canada Act, making the bank publicly owned by 1938, as it is today (Bank of Canada: History). Its primary objective was to be able to support financial and economic wellbeing of our country (Go Currency: Bank of Canada). In that way, it has many roles and functions as a central bank, which I will expand in the coming paragraphs.
Marketing is that broad area of business activity that directs the flow of services provided by the carrier to the customer in order to satisfy customers’ needs and wants and to achieve company objectives. Marketing is more than selling: it involves a number of business activities, including forecasting, market research and analysis, product research and development, price setting, and promotion, including advertising. Marketing also involves the finance activities such as credit and collection that are associated with ticket sales. Marketing is customer oriented…Without marketing and sales, there would be no airlines. (p. 274)
Kotler, p & Keller, K. (2006). Marketing Management (12th Ed). New Jersey: Pearson Education, Inc.
Nations, like the people who inhabit them, are all different. Some, like the United States, are at the forefront of technology and development. Others exist as third world nations, where even the most basic necessities are hard to come by. And then there are those which are in the middle, such as India. In the past 20 years, India has grown in the eyes of the global community from a rural, developing nation to a burgeoning global marketing hub. While India had much guidance from the United States and other global powers, the country has still chosen to follow its own path of business and marketing development. This paper is designed to evaluate India's current marketing environment in comparison with the marketing environment here in the US, citing both nation's similarities and differences.
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It is a known fact that the banking industry plays a huge role in today’s society, the industry has grown rapidly of many decades and still growing. The banking sector is that sector of the society that is actually responsible for the handling of financial assets for other sector of the economy, they do this by investing the financial assets in order to create more wealth in the society while regulating all the activities involved in the process. (What is the banking Sector 2015)