Swot Analysis Of Maybank

Strengths Finder 2.0 identifies my top five strengths are adaptability, restorative, individualization, communication and strategic. I must use these strengths every day in my job and my home life. These strengths are apparent in all areas of my life both at work and home.

Convenience way of operating banking transactions: Online banking is a highly profitable channel for financial institutions. It provides customers convenience and elasticity and can be provided at a lower cost than traditional branch banking (Williamson, 2006). The convenience of online banking is helping people gain greater control of their finances and contributing to changing patterns in cash withdrawal and day to day money management. (Beer, 2006)

The threats and opportunities in the e-banking line are increased due to the introduction of internet. The threat of e-banks and the point of equality concept are very highly used by the current competitors. There are rivals such as CIMB clicks, Hong Leong online banking and many more which cause Maybank2u.com unable to monopolize the market. As a consequence, the customers can exchange brands easily. Moreover, the customer of Maybank are likely to concern with the safety matter of online banking. They prefers to do transaction in the classic ways more than online banking due to their lacking of confidence toward security and safety matter of online banking. They are scared of hacker that might intercept their information. But other than that, the bank may significantly affected by the present macroeconomic situation across the global and adjustment in economic policies in South East Asian countries. This happened because Maybank’s goal is to widen Islamic business in markets such as Singapore and Indonesia as part of their target on the ASEAN

The Malaysian lender known as one of seven local systemically important banks in Singapore, which requires it to incorporate its local retail business. Maybank has said it is targeting families and young professionals, in its encourage to grow its retail survival in Singapore. Despite potentially are higher costs, Maybank said it remains committed to the domestic market.

There are over 2400 branch offices of Maybank in 20 countries and it has correspondent banking relationships with 700 foreign banks throughout the world. Besides that, Maybank has 402 domestic branches and 2,600 automated teller machines (ATM) in Malaysia. In 1985, Maybank successfully to issue the first ATM and debit card in order to accessing the balance of the savings account. Maybank also launched credit card in October 1997. In addition, Maybank provides wide range of financial products and services such as commercial banking, investment banking, Islamic banking, offshore banking, insurance and takaful, factoring, trustee services, asset management, stock broking, nominee services, venture capital and internet banking (Maybank website,

Based on a market overview (United States Online Gaming, 2002,p. #5), besides online gambling, the market for online gaming remains to encounters a remarkable progress due to the rising statistics of population with the availability of the Internet. Online gaming is currently a main sector of the overall gaming business. CanGo’s main goals are to provide an excellent customer service and to develop its market value. The capability to deliver a high quality online gaming services of CanGo indicates a major classification an appropriate technology to fulfill its innovation, learning and customer service perspective.

Kotak Mahindra Bank ltd. is an Indian bank and financial service firm which was established in 1985. Earlier, it was known as Kotak Mahindra Finance Limited, a NBFC(non-banking financial company). In feburary 2003, the Reserve bank of India gave license to Kotak Mahindra Finance ltd. to carry our baking business in the country and in the history of Indian Banking, it is the first company that is being converted into bank. As so September 2014, the bank has consolidated balance sheet of US $3.3 billion and has over 500 branches and more than 1000 ATM’s across the country.

Malayan Banking Berhad is the holding company and listed entity for the Maybank group with branches in Malaysia, Singapore and other international financial centres such as London, New York, Hong Kong and Bahrain. Maybank was established in 1960, and today is the largest company by market capitalisation on the Malaysian Bourse. It is ranked first among listed Malaysian companies and among the top 500 companies in the Forbes Global 2000 leading companies of the world. The Maybank group offers a comprehensive range of products services that includes commercial banking, investment banking, Islamic banking, offshore banking, leasing and hire purchase, insurance, factoring, trustee services, asset management, stock broking, nominee

The Bank of Nova Scotia, commonly referred as “Scotiabank,” is one of the largest banks of Canada. It was founded in 1832 in Halifax by local merchants and citizens. They wanted a public bank, owned by shareholders and authorized by the government and that could provide currency for trade transactions. The bank operates in three business lines: personal banking, commercial banking, and wealth management.” Scotiabank trades on the Toronto Stock Exchange as “BNS”. It serves 23 million customers with a team of more than 88,000 employees and assets of $896 billion (as at October 31, 2016) (scotiabank, n.d.)

As their name suggests, they only execute their operations online. Customers can only be in contact with their money over the internet since they do not have any physical branches. Because online-only banks require lower overhead costs, they have the capability to offer more free services and higher interest rates compared to a traditional bank. Online banking provides many customers the convenience of handling their business at any physical location as long as they have access to internet. This is possible because of the variety of services that online banks provide despite limiting interaction to only the internet. Some of their services include applying for loans online, transferring funds and paying bills online. While the convenience of being able to access banking through the internet is worthwhile, there are limits to it. For example, making large deposits to the bank is limited and can only be made through the mail, they don’t service cashier checks for transactions, and withdrawing money from the account is very inconvenient. Luckily, the role of the internet in financial transactions is becoming increasingly prominent so that spending money online is more accessible, but it is important to understand both the benefits as well as restraints of online banking. Nowadays, many large brick-and-mortar banks have caught on and provide some online services in attempts to

Macquarie University is an open examination college situated in Sydney, Australia, in the suburb of Macquarie Park. Established in 1964 by the New South Wales Government, it was the third college to be created in the metropolitan territory of Sydney.[3]

Maybank has to keep in mind the effect on their clients because they are among the biggest group of banking, so they can improve their group to be better than others. Maybank plan something better for all their clients and just for client’s satisfaction. The community will interested to be the clients of Maybank.

The multichannel banking customers connect with the bank through various channels - branch, mobile, online, call centre, ATM. However, the consumers don’t get the same service quality across all channels. Banks recommend their customers to use the channel that is the most cost effective. In most banks, the banking channel processes function in a silo. As a result, consumers are provided unwanted products or inefficient service via multiple channels. For e.g., a loan is provided via online/mobile and banking channels even if the consumer is not interested in the loan.

MAS and RBA have been actively involved in few functions in the banking environment. As a central bank, MAS and RBA is also known as the Government bank. A government bank serves as the banker or financial agent of the government. The government and the departments within the government bodies are basically the major customer to central bank. According to the Economics Explorer of Singapore, the central banks provide the government with the current account and other financial infrastructures. It improves and manages

According to What is SWOT Anlysis (2011), SWOT analysis is an analysis used to identify the internal factors (strengths and weaknesses) of the company as well as external factors (opportunities and threats) of the company.