Future of Banking Industry Essay

LUBS1060/1070 Introductory Assignment Student ID: 200871546 What evidence is there to suggest that work experience is beneficial to your future career? “Internships have been described as a bridge between the theory of the classroom and the world of practice” (Nevett 1985, cited in Gault, J, Redington, J and Schlager, T. 2000. p.3) as they expose students to the working environment, allowing them to apply their knowledge to real life…

is using IoT sensors for proximity advertising, security alarms, automated checkout etc. Banking industry is using it for smart payments. Manufacturing division is using it for efficiency monitoring, supply chain optimization, video monitoring, connecting warehouses with RFID. Health sector is using it for smart diagnostic systems and smart infrastructure, including bedside monitors and pumps. The industries are realizing the benefits of IoT for efficiency and cost…

Interest income and expense of Westpac are recognized using the effective interest rate, where effective interest rate is calculated by discounting the expected future cash receipt or payments of the loan, taking into account the commission, legal fee, premium over the expected life. Non-interest income consists of: • Fee and commission: facility fee, transaction fee and other non-risk fee income are recognized…

assets (Forbes, 2010). However, with that being said, Verizon also broke a record when they sold a staggering $49 billion dollars in bonds in order to complete the Vodafone buyout in 2013. This marked the largest bank bond deal in the history of the industry thus dwarfing Apple 's $17 billion dollar bond deal in 2013. Verizon’s decision to borrow this massive amount of money by selling their bonds was no easy task for the telecommunications giant as it had to prove they could repay the loan…

Business Level Competitive Strategy, which will help them in reinforcing the organizations long-term focused position in the commercial center. The bank is utilizing Human Resource as a key weapon, which will help them in accomplishing present and future goals. The HR director says that we are determined to give a vigorous environment, society, work fulfillment, opportunity and pay that draws in and holds exceptional people. At Askari…

The company I have selected to evaluate for its Corporate Social Responsibility (CSR) is Chase. This powerful banking organization has been a cornerstone in the banking world for years and given the already tepid public opinion towards wealthy institutions it is no wonder that Chase has been listed on American 's list of the most despised companies. Recent developments have not aided their case. In the ensuing essay, I will evaluate various aspects of the business as well as explain where this…

A study on the implications of Pradhan Manthri Jan Dhan Yojana on the growth of Indian Economy Authors: 1. T. Mary Jones Associate Professor and Head, Department of MBA, PACE Institute of Technology & Sciences, Vallure 2. S. DivyaSri II MBA PACE Institute of Technology & Sciences, Vallure. 3. G. Bavani II MBA PACE Institute of Technology & Sciences, Vallure. Abstract: Indians are transforming from rural India to digital India with so many initiatives by the Central government of our…

millions of Americans were also affected by online threats and privacy breaches and at the same time concerned with our security. The focus has been on government monitoring, although there are some other significant issues and concerns about how industries use our data. Technology in the twenty first century…

These include; Mobile Money transfer, Voice Calls, Roaming services, Short Messaging Service (SMS), Multimedia Messaging Service (MMS) and data. The industry 's mobile money transfer service has a 27.7 million subscriptions and agent base of 126,622 supporting convenient mobile banking and indirect employment in the sector. The enactment of the Kenya Communications Act, 1998 led to liberalization of the mobile telephony sector creating a competitive environment for…

mobile number to his no-frills bank account. Eventually, it will be integrated with the unique identity number, once it gets operationalised. How will this work? One model, successfully tried out in some developing countries, like Kenya, is the banking correspondent (BC) network. The bank appoints a BC in a village, say the kirana shop- owner, and villagers give her their…