Chase.coms Quest for a Global Web Presence Essay -- Papers

Chase.com's Quest for a Global Web Presence Overview ======== Chase.com and Chase Manhattan together are an international powerhouse in commercial banking. The bank has been continually growing since the merger in 1955 between The Chase National Bank and The Bank of Manhattan Company; another merger with the Chemical Banking Company of New York in 1996 made Chase the largest bank holding company in the US. It was the takeover of J.P Morgan in 2000, which lead to Chase becoming the powerhouse of international banking. ====================================================================== Reasons for development ======================= Two of the major problems that Chase Manhattan faced were due to changes in the general business environment. Â · Globalisation is fast becoming a reality and therefore Chase's domestic customers were now competing with rivals all over the world. Chase in turn had to be able to offer these customers top-quality service wherever they were doing business. Â · Advances in telecommunications, including the growth of the Internet, forced Chase (as well as all other major banks) to use telecommunications to compete globally. Chase Manhattan had no choice but to expand and set up Chase.com due to the changing global economy. The internet has fast become used in every business all over the world and in order for Chase to keep in touch with it's customers and to keep ahead of its competitors it has to optimise business and links to noncore services. Before a new system can be successfully implemented, the characteristics of the company need to be evaluated to see what type ... ... process of implementing a system be to the requirements established by Chase to their ASP? Chase is demanding that the website enables it to have a competitive edge. The system solution is proposing to maintain a fully updated system which will be built on an established technological position, this will provide Chase with a world-class website to help them maintain their respected name in banking and provide them with a competitive edge over others. The solution will make Chase's business completely Internet enabled by providing account information, portals for banking and portfolio and currency management. With the option of updating the system when required to keep Chase ahead of competitors the ASP's suggested solution has all the characteristics of a successful partnership with Chase and its requirements. Chase.com's Quest for a Global Web Presence Essay -- Papers Chase.com's Quest for a Global Web Presence Overview ======== Chase.com and Chase Manhattan together are an international powerhouse in commercial banking. The bank has been continually growing since the merger in 1955 between The Chase National Bank and The Bank of Manhattan Company; another merger with the Chemical Banking Company of New York in 1996 made Chase the largest bank holding company in the US. It was the takeover of J.P Morgan in 2000, which lead to Chase becoming the powerhouse of international banking. ====================================================================== Reasons for development ======================= Two of the major problems that Chase Manhattan faced were due to changes in the general business environment. Â · Globalisation is fast becoming a reality and therefore Chase's domestic customers were now competing with rivals all over the world. Chase in turn had to be able to offer these customers top-quality service wherever they were doing business. Â · Advances in telecommunications, including the growth of the Internet, forced Chase (as well as all other major banks) to use telecommunications to compete globally. Chase Manhattan had no choice but to expand and set up Chase.com due to the changing global economy. The internet has fast become used in every business all over the world and in order for Chase to keep in touch with it's customers and to keep ahead of its competitors it has to optimise business and links to noncore services. Before a new system can be successfully implemented, the characteristics of the company need to be evaluated to see what type ... ... process of implementing a system be to the requirements established by Chase to their ASP? Chase is demanding that the website enables it to have a competitive edge. The system solution is proposing to maintain a fully updated system which will be built on an established technological position, this will provide Chase with a world-class website to help them maintain their respected name in banking and provide them with a competitive edge over others. The solution will make Chase's business completely Internet enabled by providing account information, portals for banking and portfolio and currency management. With the option of updating the system when required to keep Chase ahead of competitors the ASP's suggested solution has all the characteristics of a successful partnership with Chase and its requirements.