Essays on Multimedia Information Systems at Barclays Bank Assignment

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The paper "Multimedia Information Systems at Barclays Bank" is an outstanding example of a business assignment. Barclays bank is a British financial service provider operating all over the world. It is an investment firm listed on the London stock market and NYSE. It is a component of the FTSE 100 Index. The bank was ranked as the 25th biggest firm in the world by Forbes Global 2000 in the 2008 listing. It has also named as the largest financial service provider with assets worth $3.7 trillion. It is the second-largest financial institution in the United Kingdom and in the Globe as far as assets are concerned.

Its headquarters are in Docklands at One Churchill rest in Canary Wharf, after changing place from Lombard Avenue (Barclays Bank, 2010). Organizational structure Barclays is lead by Marcus Agius as the chairman who took from Matthew Barrett as the chairman. John Varley is the Bank’ s Chief Executive and reports directly to the chairman. John is responsible for all the strategic operations and development of all its operations. The operating units of the Bank are categorized into two classes: Corporate, Investment Banking and Investment Management (IB& IM) and Global Retail Banking (GRCB).

IB& IM handles three main operating units: Barclays Capital, Barclays Corporate and Barclays Wealth. GRCB handles several operating units. Chiefly it has the duty for UK Retail Banking (UKRB), Barclaycard and Global Retail Banking (Barclays Bank, 2010). The strategic role of information systems The 1990s have brought and are still bringing significant evolutionary developments in many firs and the technical environments of the firms. The changes in IT are to be sought in advances in swiftness and quality of hardware and software, the emergence of influential and transparent networks, the accessibility of disseminated databases and the arrival of multimedia IS and multimedia services.

One class of strategic information systems that is multimedia information systems can be a facilitating technology for Business Process Redesign, Business Process Reengineering (BPR) and Business Reconfiguration (Stiroh, 2000).

Bibliography

Barclays bank. Personnel banking. Retrieved on 22nd May, 2010 from

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DeYoung, R., Hunter, W. C., & Udell G. F., 2002, "Whither the community bank? relationship finance in the information age", Chicago Fed Letter, No. 178,

Furst, K., Lang, W. W., & Nicole, D. E., "Who Offers Internet Banking", Quarterly Journal, Vol. 19 (2), 2000, 29-48.

Kozak, S. J. & Kowalski, K. X., "Effect of Technology on Consolidation Level and Efficiency of Banking System", Proceedings of the International Conference on Information and Communication Technology in Management ICTM-2005, May 23-25, 2005, Melaka, Malaysia.

Olazabal, N. G., "Banking: The IT paradox: Despite much higher IT outlays by the retail-banking industry, its labor productivity growth rates have actually dropped. The McKensey Quarterly, No. 1,2002, 47-51.

Stiroh, K. J., "How Did Bank Holding Companies Prosper in the 1990s?", Journal of Banking and Finance Vol. 24, 2000, 1703-1745.

Thakor, A. V., "Information technology and financial services consolidation", Journal of Banking and Finance, Vol. 23, 2000, 697-700.

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