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  • Any All: Assian

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    Dao Hong Thinh (Swinburne HCM)
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    1. A PEST analysis of factors affecting Any Bank's potential transition to online banking identifies key political, economic, social and technological considerations. Government policies and regulations, access to alternative payment systems, and perceptions of the need for banks are some relevant macro factors. 2. A SWOT analysis reveals strengths in existing expertise and technology, but also weaknesses in legacy systems and costs of restructuring. Opportunities include improved efficiency and access, while threats include cybersecurity risks and regulatory compliance. 3. When applying Porter's Five Forces, key considerations for Any Bank include how to manage negative impacts from customers and suppliers in an online model, and mitigate risks from new entrants and substitute banking products. Control over these

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    1. A PEST analysis of factors affecting Any Bank's potential transition to online banking identifies key political, economic, social and technological considerations. Government policies and regulations, access to alternative payment systems, and perceptions of the need for banks are some relevant macro factors. 2. A SWOT analysis reveals strengths in existing expertise and technology, but also weaknesses in legacy systems and costs of restructuring. Opportunities include improved efficiency and access, while threats include cybersecurity risks and regulatory compliance. 3. When applying Porter's Five Forces, key considerations for Any Bank include how to manage negative impacts from customers and suppliers in an online model, and mitigate risks from new entrants and substitute banking products. Control over these

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    © All Rights Reserved
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    6 views7 pages

    Any All: Assian

    Uploaded by

    Dao Hong Thinh (Swinburne HCM)
    1. A PEST analysis of factors affecting Any Bank's potential transition to online banking identifies key political, economic, social and technological considerations. Government policies and regulations, access to alternative payment systems, and perceptions of the need for banks are some relevant macro factors. 2. A SWOT analysis reveals strengths in existing expertise and technology, but also weaknesses in legacy systems and costs of restructuring. Opportunities include improved efficiency and access, while threats include cybersecurity risks and regulatory compliance. 3. When applying Porter's Five Forces, key considerations for Any Bank include how to manage negative impacts from customers and suppliers in an online model, and mitigate risks from new entrants and substitute banking products. Control over these

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

    Inf10003 AssianMINT 1

    Qu Should
    Anytransition all banking services online

    Pest Analysis t fortransitionto a line services against


    transition

    Political Social

    This exercise is about

    capturing the macro political


    social economic and technological
    factors that affect the attractiveness

    of transitioning Hwy's banking services


    on line

    Economic Technological
    Political
    Government
    policy
    allow more international banks tooffer
    retailservices
    large as in indian andpakistani
    communitiesin Australia
    ve
    Allowingchineseindian Pakistani
    banks inAustraliacouldinfluence
    ChineseIndian Pakistanipeopleto
    move theirmoneyout
    ofAnybank
    Government Regulation what macro politicalfactors are
    relevanthere
    Australian govtcouldmakeit more
    difficultforpeople to transactelectronically
    e
    g proof ofpermanent
    residence
    passport tax Eff transactors
    veCustomers
    mayprefer
    credit
    institutions over banks if Hos
    govtincreases reulation over Eft
    transactions

    GovernmentTaxation
    ve Govt taxation on Eft transactions
    raises
    ve Govt raises taxation on Eft transactions based
    on transaction limits
    es 211 limit soo

    volumelimit 300 tens


    7month
    per quarter
    whatmacro economicfactors are relevant
    here
    Economic
    Accessto alternative paymentsystems
    e blockchain
    g
    Greateracceptance and access to
    alternative paymentsystems could lead to
    an reduced demand for online banking
    payments
    services

    Globalisatin Australian economy and ability


    f
    Australian consumers to access goods and services of
    internationally mayencourageAnycustomers to chase offshore
    institutions over AustralianBanks
    Any
    Movement
    of money awayfrom
    banks in search
    higher returns of
    investment in physicalassets realestate
    collectables precious metals

    Social
    0 blockchain basedpayments
    Increasing acceptance
    systems
    of
    Perception that banks are no longernecessary
    essential to fund life cycle requirements
    house car
    holiday education incl
    tertiaryeducation
    What are the macro
    socialfactors relevanthere
    Perception that the GreatAustralian
    Dream is no longerhomeownership

    people prefer to rent lease


    Perceptionthat banks are no
    longer critical
    for milestone events across lifecycle
    what are the Technological
    macro
    technological factors Access to infrastructure and
    relevant here t applicationsforpayments
    credit services means that third parties
    non institutions
    bank are to
    able online
    offer banking
    services

    Improved usability of online bankingplatforms services


    makes online banking attractive to customers

    t Pervasiveness web basedservices people no longer


    suspicious or ofcautious about transacting on line

    Hey TAKEAWAY Based on THE ABOVE PEST ANAysis Any


    SHOULD n
    Qu 2 Swot Analysis

    Strengths Weaknesses

    Opportunities Threats

    Strengths

    Existing expertise in
    a line
    banking
    Existing technology capability
    Existing cybersecurity capability

    Weaknesses

    Legacy environment banking platform


    are

    mainframe is so yrs old Called Hogan


    Significant number ofstaffemployed to support
    branchnetwork will be moved on restructuring
    will costmillions potential resistance
    211

    Technology for retail branch network is a

    sunk investment he wontget anythingfor it


    opportunities
    access to largercustomer pod nationally internationally
    potential improvement in operationalcosts
    reduced overheads

    Threats

    cybersecurity

    Regulatory breaches
    Competition from other banks onlinemodel is
    replicable

    BASED ON THE ABOVE SWOT AN


    KEYTHESWAY Sys
    is

    Any Stow
    Qu 3 Porter'sFive forces

    keep in mind
    How CAN control THE Neastive
    Any potential
    IMPACT THAT CUSTOMERS AND CAN HAVE
    SUPPLIERS
    ON A TAN SIT ON TO AN ONLINE BUSINESS MODEL

    How CAN Reboot THE likelihood


    Any Mitiate e

    AND
    IMPACT Of THE THEFT OF NEW ENTRANTS

    OTHER BANKS AND CREDIT FINANCE COMPANIES

    AND SUBSTITUTE ONLINE BANKING


    Paso CTS

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