The document summarizes the findings from interviews with Kenyan banks and credit bureaus regarding the implementation of a credit information sharing system in Kenya. Key findings include that banks need clarification on technical requirements like data templates and transmission formats from regulators. Banks are primarily focused on regulatory compliance rather than using credit data for business purposes. Immediate action is needed from regulators and industry to provide standards and guidelines to fully realize the benefits of an information sharing system.
Potential Opportunities for Common Federal Biometric ServicesDuane Blackburn
Looking long term, what could be done to alter the foundations that federal biometric systems are built upon, thus enabling advancements that may not be possible today? In other words: How could these systems evolve to be more adaptive and flexible, both individually and as a whole?
MITRE internally funded a quick analysis to develop initial strategic thoughts on this topic, based on its in-depth knowledge of the existing systems. It is important to note that this project did not perform a deep-dive analysis of various options, and it does not present detailed actionable recommendations. Rather, it capitalizes on existing knowledge and experiences to analyze numerous potential opportunities and to identify those that we feel hold the most promise. It is this latter set of opportunities that are presented in this presentation. In each case, MITRE recommends more thorough analysis and interagency discussion take place amongst federal departments, prior to any actionable decisions being made.
US Retail Banks have enjoyed several years of strong profitability and positive revenue growth. However, we see numerous headwinds to growth due to demographic, competitive, and consumer trends. While many of these trends will persist well into the future, 2019 will be a pivotal year. The attached white paper provides insights into the growth challenge and creative solutions for banks can act to accelerate their growth.
Potential Opportunities for Common Federal Biometric ServicesDuane Blackburn
Looking long term, what could be done to alter the foundations that federal biometric systems are built upon, thus enabling advancements that may not be possible today? In other words: How could these systems evolve to be more adaptive and flexible, both individually and as a whole?
MITRE internally funded a quick analysis to develop initial strategic thoughts on this topic, based on its in-depth knowledge of the existing systems. It is important to note that this project did not perform a deep-dive analysis of various options, and it does not present detailed actionable recommendations. Rather, it capitalizes on existing knowledge and experiences to analyze numerous potential opportunities and to identify those that we feel hold the most promise. It is this latter set of opportunities that are presented in this presentation. In each case, MITRE recommends more thorough analysis and interagency discussion take place amongst federal departments, prior to any actionable decisions being made.
US Retail Banks have enjoyed several years of strong profitability and positive revenue growth. However, we see numerous headwinds to growth due to demographic, competitive, and consumer trends. While many of these trends will persist well into the future, 2019 will be a pivotal year. The attached white paper provides insights into the growth challenge and creative solutions for banks can act to accelerate their growth.
Bill Handel, vp of research at Raddon Financial Group, reviews the current regulatory environment and discusses the challenges and opportunities, identified at the recent CEO Strategies Group workshops, that lie ahead for credit unions.
on August 11th, 2015, Dave Carey and Matthew Brown from Harcourt Brown & Carey presented to representatives from New York's largest IOU's on on bill repayment and on bill finance
BCC (2012): Federal Panel Identifying Future Government NeedsDuane Blackburn
The federal government held its annual Biometric Consortium Conference 18-20 September 2012. MITRE hosted a workshop during this conference to highlight FFRDC support to the federal biometrics enterprise. One panel in this workshop focused on identifying priorities that the federal government will not be able to address and/or sponsor, and that should be considered for attention by non-federal entities. This paper summarizes the priorities identified during this panel.
Remaking IT for New U.S. Mortgage Rule ComplianceCognizant
To benefit from the improved housing market, lenders need to play offense by finding new ways to efficiently comply with regulations, tighten controls over the lending process and better engage with customers.
Bill Handel, vp of research at Raddon Financial Group, reviews the current regulatory environment and discusses the challenges and opportunities, identified at the recent CEO Strategies Group workshops, that lie ahead for credit unions.
on August 11th, 2015, Dave Carey and Matthew Brown from Harcourt Brown & Carey presented to representatives from New York's largest IOU's on on bill repayment and on bill finance
BCC (2012): Federal Panel Identifying Future Government NeedsDuane Blackburn
The federal government held its annual Biometric Consortium Conference 18-20 September 2012. MITRE hosted a workshop during this conference to highlight FFRDC support to the federal biometrics enterprise. One panel in this workshop focused on identifying priorities that the federal government will not be able to address and/or sponsor, and that should be considered for attention by non-federal entities. This paper summarizes the priorities identified during this panel.
Remaking IT for New U.S. Mortgage Rule ComplianceCognizant
To benefit from the improved housing market, lenders need to play offense by finding new ways to efficiently comply with regulations, tighten controls over the lending process and better engage with customers.
WNS’ commercial banking solutions coupled with cutting-edge transformational solutions enable superior customer experience & cost-effective commercial banking operations.
Get more details on - https://s3.wns.com/S3_5/Documents/Articles/PDFFiles/7064/274/3_Step_Changes_That_Transform_Commercial_Credit_Appraisal.pdf
Data Quality in the Banking Industry: Turning Regulatory Compliance into Busi...Precisely
During the last 15 years, regulatory requirements in financial services have grown substantially in order to reduce the risk of global, systemic economic failure. Quality data provided through effective data governance and data quality processes is central to achieving effective compliance reporting. Not only does data quality help ensure accurate reporting, but successful compliance significantly enhances other business decisions which rely on high quality data.
This webinar looks at the ramp up in reporting complexity, how successful compliance is linked to data governance and data quality, and how data quality helps empower financial institutions to make better decisions to increase revenue and decrease expense.
View this webinar on-demand for a discussion on:
• Tracing the background for regulatory reporting and key financial regulations
• Understanding how data quality helps institutions succeed with regulatory reporting compliance
• How regulatory reporting improves data for other business decisions
• How financial institutions leverage Trillium DQ to deliver quality data
The journey from open banking to open finance+. The evolution of open banking based on API as of now and where it could go from here. Risks and opportunities for market participants.
Fintech is a hot sector among investors, but why?
As a fintech focused VC, take a look at our perspective on why financial services is on the cusp of change.
The first and most important step in payments optimization is to ask the right questions - whether of your internal staff or with a payments provider. This presentation gives payments industry professionals those questions along with some background on the right answers. See more at: http://www.3ptalliance.com/solutions-paymentsprocessing/
Deloitte Dbriefs Program Guide | April - June 2014Franco Ferrario
Object : Anticipating tomorrow's complex issues and new strategies is a challenge. Stay tuned in with DBRIEFS Llive webcasts that give you valuable insights on important developments affecting your business
Uploaded by Franco Ferrario Technologies Executives ; Deloitte Evangelist
Research_Papers10.1.1.390.9459.pdfAssociation for Informamyrljjcpoarch
Research_Papers/10.1.1.390.9459.pdf
Association for Information Systems
AIS Electronic Library (AISeL)
ICIS 2007 Proceedings International Conference on Information Systems(ICIS)
12-31-2007
Does IT Payoff? Strategies of Two Banking Giants
Ali Farhoomand
University of Hong Kong
Minyi Huang
University of Hong Kong
This material is brought to you by the International Conference on Information Systems (ICIS) at AIS Electronic Library (AISeL). It has been
accepted for inclusion in ICIS 2007 Proceedings by an authorized administrator of AIS Electronic Library (AISeL). For more information, please
contact [email protected]
Recommended Citation
Farhoomand, Ali and Huang, Minyi, "Does IT Payoff? Strategies of Two Banking Giants" (2007). ICIS 2007 Proceedings. Paper 3.
http://aisel.aisnet.org/icis2007/3
http://aisel.aisnet.org
http://aisel.aisnet.org/icis2007
http://aisel.aisnet.org/icis
http://aisel.aisnet.org/icis
mailto:[email protected]
Twenty Eighth International Conference on Information Systems, Montreal 2007 1
DOES IT PAYOFF?
STRATEGIES OF TWO BANKING GIANTS
Ali Farhoomand
School of Business
University of Hong Kong
Hong Kong
[email protected]
Minyi Huang
Asia Case Research Centre
University of Hong Kong
Hong Kong
[email protected]
Abstract
Banks have long been among the most intensive users of information technology (IT).
Globalization has further accentuated banks’ reliance on IT, leading to further increase in their IT
investment. It is not all that clear, however, whether these investments pay off. This case presents
the complexities involved in measuring IT investment by comparing and contrasting the IT
strategies of two of the world’s largest banks: HSBC and Citigroup. Will the IT investment
strategies adopted by HSBC and Citigroup enhance their operational efficiency or strategic
positions? Which of the two banks will have higher returns on their IT investments in the long
run? How should they measure such returns?
Keywords: banking, IT evaluation, IT alignment, IS investment
IS Education and Teaching Cases
2 Twenty Eighth International Conference on Information Systems, Montreal 2007
Introduction
You can see the computer age everywhere but in productivity statistics.
- Robert Solow (1987)
In the previous 20 years, there had been a debate concerning whether or not IT paid off in the long run. While some
questioned the positive contribution of IT to productivity, others attributed the so-called IT paradox to measurement
methodology and to the lack of measurable data, such as increased quality, variety, customer service, speed and
responsiveness. To make matters worse, a controversial article published in Harvard Business Review argued that,
as IT was being commoditized, the opportunities of gaining IT-based competitive advantages were rapidly
disappearing (Carr, 2003). If this was true, then companies should spend less, wait longer to invest in more matured
technologies and sh ...
Research_Papers10.1.1.390.9459.pdfAssociation for Informa.docxbrittneyj3
Research_Papers/10.1.1.390.9459.pdf
Association for Information Systems
AIS Electronic Library (AISeL)
ICIS 2007 Proceedings International Conference on Information Systems(ICIS)
12-31-2007
Does IT Payoff? Strategies of Two Banking Giants
Ali Farhoomand
University of Hong Kong
Minyi Huang
University of Hong Kong
This material is brought to you by the International Conference on Information Systems (ICIS) at AIS Electronic Library (AISeL). It has been
accepted for inclusion in ICIS 2007 Proceedings by an authorized administrator of AIS Electronic Library (AISeL). For more information, please
contact [email protected]
Recommended Citation
Farhoomand, Ali and Huang, Minyi, "Does IT Payoff? Strategies of Two Banking Giants" (2007). ICIS 2007 Proceedings. Paper 3.
http://aisel.aisnet.org/icis2007/3
http://aisel.aisnet.org
http://aisel.aisnet.org/icis2007
http://aisel.aisnet.org/icis
http://aisel.aisnet.org/icis
mailto:[email protected]
Twenty Eighth International Conference on Information Systems, Montreal 2007 1
DOES IT PAYOFF?
STRATEGIES OF TWO BANKING GIANTS
Ali Farhoomand
School of Business
University of Hong Kong
Hong Kong
[email protected]
Minyi Huang
Asia Case Research Centre
University of Hong Kong
Hong Kong
[email protected]
Abstract
Banks have long been among the most intensive users of information technology (IT).
Globalization has further accentuated banks’ reliance on IT, leading to further increase in their IT
investment. It is not all that clear, however, whether these investments pay off. This case presents
the complexities involved in measuring IT investment by comparing and contrasting the IT
strategies of two of the world’s largest banks: HSBC and Citigroup. Will the IT investment
strategies adopted by HSBC and Citigroup enhance their operational efficiency or strategic
positions? Which of the two banks will have higher returns on their IT investments in the long
run? How should they measure such returns?
Keywords: banking, IT evaluation, IT alignment, IS investment
IS Education and Teaching Cases
2 Twenty Eighth International Conference on Information Systems, Montreal 2007
Introduction
You can see the computer age everywhere but in productivity statistics.
- Robert Solow (1987)
In the previous 20 years, there had been a debate concerning whether or not IT paid off in the long run. While some
questioned the positive contribution of IT to productivity, others attributed the so-called IT paradox to measurement
methodology and to the lack of measurable data, such as increased quality, variety, customer service, speed and
responsiveness. To make matters worse, a controversial article published in Harvard Business Review argued that,
as IT was being commoditized, the opportunities of gaining IT-based competitive advantages were rapidly
disappearing (Carr, 2003). If this was true, then companies should spend less, wait longer to invest in more matured
technologies and sh.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Seminar: Gender Board Diversity through Ownership Networks
Implementing a Kenyan Credit Information Sharing System: Progress and Challenges
1. POLITICAL & ECONOMIC RESEARCH COUNCIL by Michael Turner, Ph.D. & Robin Varghese, Ph.D. Nairobi, Kenya – December 9th, 2008 Implementing a Kenyan Credit Information Sharing System: Progress and Challenges
![[object Object],[object Object],[object Object],[object Object],[object Object],Agenda](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)