Collaborative Venture with a Chinese Bank

Age of Global Business IT

Report on a Collaborative Venture with a Chinese Bank

Contents Page

Introduction Page

ICTs in the Banking Sector Page

- eCommerce Page

- eMarketing Page

- Management Information Page

Critique of National Information Infrastructure Page

National IT Strategy – Regulations Page

- Technology Page

Internet diffusion Page

Cultural Issues Page

Recommendations Page

References Page

Introduction

The aims of the report are to provide a report for the senior management of an international bank in the United Kingdom. The UK bank is about to embark on a collaborative venture with a similar bank in China. The report will show:

- How Information Communication Technologies (ICTs) are used by the banking sector in relation to global business, using the UK and China banking systems

- Analysis of the national information infrastructure of China

- A set of recommendations for the senior management as to how they should use ICT within the collaborative venture. This section will be based on the first two sections of the report to draw up a conclusion.

ICTs in the Banking Sector

Electronic Commerce

Electronic commerce (E-commerce) is buying and selling of goods and services on the Internet. The amount of trade completed electronically has grown with widespread Internet usage throughout the world. Rapid developments in information and telecommunication technology have substantially changed the landscape of organistional computing. In the past decade, E-commerce via the Internet has substantially affected the business world and will continue to be important. Today, the world of business is witnessing profound changes under the influence of wireless technology; the opportunity for mobile commerce has opened. Mobile commerce broadly refers to any transactions with financial value that is...