dear sir, this is type of business research assignment which have 2 steps. First one is Project outline to choose research topic, second one is project proposal. I have chosen my topic and uploaded...

1 answer below »
dear sir, this is type of business research assignment which have 2 steps. First one is Project outline to choose research topic, second one is project proposal. I have chosen my topic and uploaded related file(submitted outline word file and the outline commented by tutor - 2 word files ), you can read it and have a full information about the topic. Also i provide all the other documents provided by school. if you need any other files, info please write email or txt message and i will supply urgently. important information is commented word file which tutor commented on my topic and advised some. Also you can fix it if mine is too wide , but topic must not be too biased from the topic i have chosen(not to be totally different) , if u want to be chat please email or text and we can chat about it.


BUSN20016 RESEARCH IN BUSINESS, T1, 2018 ASSESSMENT 3 PROJECT TITLE: Student’s full name: Student ID: Tutor’s name: Campus: ASSESSMENT SHEET Criteria Total marks Marks obtained Overall comments A statement of the problem, research aim, objectives and research questions 10 Justification and potential output of the research 10 Conceptual framework 10 Methodology, organisation of the study, project budget and schedule 10 Accurate referencing, use of correct English and logical sequences between sentences and paragraphs and a good introduction 10 Total = 50 Mark reduction for Turnitin similarity (It's up to the markers and unit coordinator's judgement) Mark reduction for late submission(5% mark reduction for each day of late submission) Grand Total= 50 Key to grading and corresponding marking scale: HD (42.5 and above out of 50 marks): Student demonstrates outstanding understanding and interpretation of all aspects of the criteria. D (37.25 to 42.24 out of 50 marks): Student demonstrates excellence in understanding and interpretation of almost all aspects of the criteria with some minor corrections or additions needed. C (32.25 to 37.24 marks out of 50 marks): Student demonstrates very good understanding and interpretation of most aspects of the criteria with some need for additional work, additions or improvement. P (24.75% to 32.24% marks): Student demonstrates good understanding and interpretation of the criteria to warrant the award of a Pass but requires considerable additional work, additions or improvement. F (below 24.7%): Student demonstrates an unsatisfactory understanding and interpretation of the criteria and requires major additional work, additions or improvement to achieve a passing grade. June 2018 Effect of new technology-enabled payment system on Australian payment platform RESEARCH IN BUSINESS BUSN20016 CQU University NSW, AUSTRALIA Effect of new technology-enabled payment system on Australian payment platform ASSESSMENT 1: Project Outline LECTURER: Dr. Gazi Farid Hossain CAMPUS: SYDNEY STUDY TYPE: On - Campus Student TERM: 1, 2018 Table of contents 1Introduction / Problem statement2 1.1Figure.1 Australian Financial Sector Assets 20103 1.2Figure.2 Australian Banking Sector Market Share 2004 - 20164 2Aim and Objectives6 3A Brief Methodology7 4References:8 BUSN20016: Assessment of Assignment 1. Grading Criteria Criteria                                                                                            Total marks Marks Obtained 1. A brief statement of the problem, research aim and objectives  4 2. A brief methodology                      4 3. Sources of secondary data, data presentation and analysis methods                                                       4 4. Accurate referencing, use of correct English and logical sequences between sentences and paragraphs 4 5. Topic presentation (for on-campus students)/ topic discussion on the unit Moodle side (for distance mode students) 4 Total = 20 Penalty for late submission (5% reduction for each day of late submission) Penalty for high level of Turnitin similarity (Marker/UC decides) GRAND TOTAL = Introduction / Problem statement In the last 3 decades there are significant technological innovation penetrated into businesses area and one of this business area, which is technology-based innovation settled as a pioneer, financial sector. In my research area, limited as geographically, is Australian financial sector and especially in banking which takes a significant role in the sector. Australian financial sector includes six players such as banks, non-banks but authorized deposit taking Institutions, managed funds, financial corporations, General insurance and Securitization vehicles (Reserve Bank of Australia 2014). Market share of these players shown in the Figure.1 and both banks, non-banks but authorized deposit taking institutions are taken under the one class. Within this class, which takes part more than 55 percent, solid banking sector itself dominated as 71.5 % and in the financial sector this percentage is 40 % (Reserve Bank of Australia 2014). Figure.1 Australian Financial Sector Assets 2010 Source: Reserve Bank of Australia, Statistical table B1, Assets of Financial Institutions Furthermore, 53 banks operating in the sector and 4 large sized banks owned 54 % of total banking sector’s market share and control 82% of all loans (Reserve Bank of Australia 2009). I found some data about banking sector’s market share changing within 12 years’ time range and those four large sized banks ‘market share have been observed as significant parallel grown but comparatively no change. This 12 years market share changing has shown as a diagram in the Figure 2. Figure.2 Australian Banking Sector Market Share 2004 - 2016 Source: Reserve Bank of Australia, Statistical table M1, Banking sector From this statistical information, I have chosen four large sized banks’ payment platform as an Australian payment platform example for my research. On the other hand, as our observation technology innovations mostly come for certain industries initially then spread out other industries. One of these industries’ example is finance or banking sector which we may say biggest players in the finance sector. The sector itself required full of technologic innovation based products, platforms as a hardware and software. Again, result of trying to research field narrowing, I have chosen technology-enabled payment tools such as internet banking, mobile banking platforms, billing based products. Because of this researching, I have chosen my topic as “Effect of technology enabled payment tools in Australian payment platform” and to see impact of research result 4 large sized banks have chosen as result of the object. What is more, to clarifying problem statement, I have researched about Australian payment platform and generalized base three reasons. Firstly, Australian payment platform’s transaction clearance system is not real-time and it usually takes 2-3 days to settle interbank and international bank transactions. Secondly, even it taking three days to settle, the transaction fraud risks do not decreased comparatively other countries, which switched to real-time transaction system. This shows or we may say the transaction fraud risk causing other reasons rather than payment platform’s transaction settle down time. I am thinking this can be my research’s one of reasonable hypothesis. Thirdly, in the clearing center still there are many manual transaction processes to settle transactions and it effect in transaction speed and cost. Comparatively, this kind of real-time clearing system implemented into market in UK 2008, in Swedish 2012, in Singapore 2014. Even in some developing countries, which is in Mexico, South Africa, India, most of South East Asian counties included Mongolia, started more than 5 years ago. As a benefit of this clearing system, it is very important financial infrastructure and potentially it has significant impact on whole economy. Therefore, I interested in this topic’s problem statement. Lastly, I wanted to research and attaché latest updates into my research and it is about a project, started since 2012 until 2018, named as New Payment Platform (NPP). Aim and Objectives The core aim of this research is to study how we can reduce these three reason of Australian payment platform’s problem, I mentioned in the introduction as a problem statement. The key objectives of this research are to: 1. How can we reduce these transaction platform’s difficulties using present and next generation technology-enabled products or systems. 2. How affect Technology based innovations the sector’s payment platform? 3. How Artificial Intelligence based structure will effect this payment platform. A Brief Methodology To assess the current issues effecting the banking & financial sector in Australia, four major banks selected as objective. Sources will include government and banking association reports, non-governmental institutional reports and other relevant publicly available reports. As a data collection method, I am planning to use secondary data collection because of certain time limitation, and will use governmental and industry data sources. Qualitative Approach: My research related to banking sector and it means i may face some difficulties to collect quantitative, specific data because of the sector’s data distribution to public confidentially. What is more, my researches’ related area is quite specific and it is hard to find specific data and well knowledge people. Therefore, I am planning to contact sector’s specialist by email and meeting face to face and share their views as a direct interview. Quantitative Approach: A collected data will be transform into graphical forms like charts, graphs etc., References: Kerzner, H., 2013, Project Management: a systems approach to planning, scheduling, and controlling, 11th edition, John Wiley & Sons, Inc., Hoboken, New Jersey Project Management Institute (PMI), Inc., 2013, A Guide to the Project Management Body of Knowledge (PMBOK Guide) Fifth edition, Project Management Institute, Inc., Pennsylvania, USA Australian Payment Council (2015), retrieved from http://australianpaymentscouncil.com.au/wp-content/uploads/2015/12/Australian-Payments-Plan-December-2015.pdf Australian Payment Clearing Association Limited, APCA Annual report (2015), retrieved from http://www.apca.com.au/docs/default-source/annual-reviews/apca-annual-review-2015.pdf Deloitte Center for Financial Services (2018), Banking Outlook Accelerating the transformation, retrieved from www.deloitte.com Eftpos Annual Report (2015), Transforming to compete in a digital world, retrieved from https://www.eftposaustralia.com.au/wp-content/uploads/2015/01/eftpos-2015-annual-report.compressed.pdf Pwc (2016), Future payments in Australia 2020, retrieved from https://www.pwc.com.au/pdf/pwc_future-of-payments.pdf RESEARCH IN BUSINESS BUSN20016 Batbileg Byambaa CQU University NSW, AUSTRALIA Effectiveness of new technology on Australian payment platform ASSESSMENT 1: Project Outline LECTURER: Dr. Gazi Farid Hossain CAMPUS: SYDNEY STUDY TYPE: On - Campus Student TERM: 1, 2018 Table of contents 1. Introduction / Problem statement 3 1.1. Figure.1 Australian Financial Sector Assets 20103 1.2. Figure.2 Australian Banking Sector Market Share 2004 - 20164 2. Aim and Objectives5 3. A Brief Methodology6 4. References:7 BUSN20016: Assessment of Assignment 1. Grading Criteria Criteria                                                                                            Total marks Marks Obtained 1. A brief statement of the problem, research aim and objectives  4 2 2. A brief methodology                      4 2 3. Sources of secondary data, data presentation and analysis methods                                                       4 2 4. Accurate referencing, use of correct English and logical sequences between sentences and paragraphs 4 2.5 5. Topic presentation (for on-campus students)/ topic discussion on the unit Moodle side (for distance mode students) 4 2.5 Total = 20 11 Penalty for late submission (5% reduction for each day of late submission)
Answered Same DayMay 22, 2020BUSN20016Central Queensland University

Answer To: dear sir, this is type of business research assignment which have 2 steps. First one is Project...

Akansha answered on May 29 2020
148 Votes
OBSTACLES THAT HINDERS THE TECHNOLOGY BASED PAYMENT METHODS
1
OBSTACLES THAT HINDERS THE TECHNOLOGY BASED PAYMENT METHODS
AUSTRLIAN BANKING INDUSTRY
UNIVERSITY NAME:
STUDENT NAME:
DATE:
Contents
INTRODUCTION    2
PROBLEM STATEMENT    3
AIMS AND OBJECTIVES/ RESEARCH QUESTIONS    4
Research Questions    4
JUSTIFICATION AND POTENTIAL OUTPUT OF THIS RESEARCH    5
CONCEPTUAL FRAMEWORK AND HYPOTHESIS DEVELOPMENT    6
Technology innovation    6
Factors affecting electronic payment    7
Awareness    7
Ease of use    7
Security    8
Accessibility    8
Reluctant to change    8
Technology-based payment in Australia banking industry    8
HYPOTHESIS DEVELOPMENT    9
METHODOLOGY:    10
Research approaches and source of data    10
VARIATION AND ANALYSIS    12
ORGANISATION OF THIS STUDY    12
BUDGET, PROJECT ACTIVITIES, AND GANTT CHART    12
PROJECT ACTIVITIES AND SCHEDULED    13
Gantt chart:    16
CONCLUSION:    17
REFERENCES:    18
INTRODUCTION
The horizon of change in the world of payment is achieving its competitiveness as financial technologies strength to make changes that how, when and where the transactions are made by the people in Australia. Today, banks are facing the challenges of continuous demands and tightening budgets to reduce the cost and adapt various payment technologies and strategies along with maintaining the continuous stream of new regulations. The banking sectors are facing difficulty and immense pressure to meet the demands of the digital customers. In addition to that many people are fond of using traditional brick and mortar methods to make the financial transaction. Since many years, the use of new payment technology is continuously growing day by day, but still, there are many people who unable to accept this change and involve themselves in traditional banking practice (Hunter, 2014).
The new effective technology methods help the banking industry to reduce their operational cost and satisfy their digital lover customers. The real-time technology revolution impacts the way customer use to pay for goods and services. Not only the new technological development for making payments digitally are important for the banks, but also they must recognize the need to let their customer understand what they are serving through the technological innovation. There are still many people who find interacting with the bank officers will be more considerable rather than performing digital methods for payment or multiple transactions. According to the Australian report, many people consider that they are fond of having cash in hand instead of in banks, they feel so confident and active in the presence of money rather than in banks.
The organization of the project is as follows; the introduction part will be followed by the research plan to examine the obstacle which hinders the use of different techniques for the payment methods. The research question will be included to make the research more clear and precise. Justification of the proposed proposal and its related outcomes will be explained to elaborate the effectiveness of payment technology methods. Conceptual framework and research hypotheses will explain the concepts and different hypotheses based on the technological innovation. The conclusion will be added in the end to find the findings of the fact.
PROBLEM STATEMENT
This study focuses on the effectiveness of new technology methods on Australian payment platform. But there are several factors which hinder the use of technology among the customers from different geographical areas. Technology enabled payment system is very crucial for the banks and customer as it is cost-saving and saves the time from frequent movements. Australian payment platform is very time consuming and not real-time as it usually takes 3-4 days to settle international and interbank transaction along with there are high chances of fraudulent in the financial transactions. In the banks, the settlement process takes time because they are still working manually which increase both time and cost. Therefore, it is very significant for the banks to introduce effective technology payment system to reduce the time and the cost of operation (Hunter, 2014). The problem is not one-sided, even people are not taking an interest in the new technology methods for quick payments because of several reasons. So, it is very important to maintain the balance to increase the use of technological methods for the financial transactions. The main factors influencing the customers to use the new innovative technology instead of the traditional brick and mortar methods:
· The security and the safety of transacting over the internet.
· The lack of awareness among the people about the new services and its related benefits.
· The cost of using internet banking methods.
· The difficulty in accessing internet and computer.
· The lack of knowledge to use the technology for the financial transaction.
· The reluctant to change from brick and mortar method for transacting.
The options were collected from the different Australian community and regions to pay attention to the general and business customers of the bank. Australia is chosen as it is most developed and financial technologies prevailing in the banking industry. The focus of this comprehensive research is to provide both customers and bankers with the related benefits that could help in understanding the effect of new technological development in Australia banking industry (Hunter, 2014).
AIMS AND OBJECTIVES/ RESEARCH QUESTIONS
Aim: This research aims to examine the obstacles that are hindering the performance of technology-enabled payment systems. The research objective is:
· To investigate the impact of technology on the banking industry.
· To investigate the impact of new technology payment methods on the customers or end users.
· To investigate the need to remove the obstacle to improving the usage of the technological developments.
Research Questions
RQ1: Does the new technology impacts the profitability of banking sector in Australia.
RQ2: Does the obstacles must be cleared so that customer would be able to take benefit.
RQ3: Do the customers accept the electronic form for the financial transaction.
JUSTIFICATION AND POTENTIAL OUTPUT OF THIS RESEARCH
By considering many articles, it can be seen that the authors mostly focused on the effectiveness of the new payment technology on the basis of the problem solving, innovation and improving technological standards of the banking industry (Hunter, 2014). There was a limited study on the factors that hinder the performance of the technology-enabled payment system. The study focuses on the banking industry of Australia, but research is based on the element which resists the customer to take the benefits of these new payment technologies (Noulas & Athanasios & Stephen, 2017).
The research is essential to find out the reasons that why customers are not making any effort to use new innovative technology which is time-saving and...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here