Macquarie Bank – Digital Transformation Strategies
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Macquarie Bank Digital Transformation Strategies Report Overview
Macquarie Bank is tapping into key disruptive technologies, including artificial intelligence, big data, cloud, digital banking, online payments, mobile payments, and cybersecurity to digitally transform its operations. The annual ICT spending of Macquarie Bank is estimated at $212.0 million for 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors.
Macquarie Bank is the banking subsidiary of the Macquarie Group, an Australian company offering a diversified range of services and products, including asset management, wealth management, retail and business banking, market access, leasing and asset financing, renewables development, commodity trading, access to principal and capital investment, and specialist advice. Macquarie Bank offers everyday banking products and services such as savings account, term deposit, transaction account, and credit cards among others; investment products such as online trading, managed funds, and property investing among others; business banking products such as business loans, business accounts, and payments among others; home loans; car loans; and a private banking service called Macquarie Private Bank.
The Macquarie Bank Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies; technology focus areas; technology partnerships; technology introductions; investments; acquisitions and ICT spending among others.
Digital Transformation Strategies
Macquarie Bank has consolidated customer data, which was previously stored in eight disparate data stores, into one cloud-based platform. Senior executives across the bank can now easily access customer data on Tableau dashboards, get insights on business performance, opportunities and threats, and make data-driven decisions.
To gain more insights on digital transformation strategies and initiatives of Macquarie Bank, download a free report sample
Macquarie Bank Technology Theme Focus
Macquarie Bank is strengthening its focus on the use of key disruptive technologies to enhance its operations and to offer better banking products and services. To do so, it is tapping into key disruptive technologies including artificial intelligence, big data, cloud, and digital banking.
Macquarie Bank Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Macquarie Bank Technology Initiatives
Macquarie Bank has been involved in several strategic technology partnerships and collaborations, technology roll outs, technology investments and acquisitions over the past few years. For instance, in 2021, the bank launched a quick digital account opening service. The service allows new customers to apply for a savings and transaction account, have their identity verified, and begin banking with Macquarie Bank within a minute.
For more insights on other technology initiatives of Macquarie Bank, download a free report sample
Macquarie Bank ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT service desk
Macquarie Bank ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Macquarie Bank ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Macquarie Bank ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Macquarie Bank External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud IaaS)
- ICT services
- Consulting
- Network and communications
- Others
Macquarie Bank External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Macquarie Bank Digital Transformation Overview
Total ICT Spending 2022 | $212.0 million |
ICT Spend by Function | Data center, Communications, Network, Application, End-User Computing, Management, and Service desk |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators |
External ICT Spend by Segment | Software (Including Cloud SaaS), Hardware (Including Cloud IaaS), ICT Services, Consulting, Network and Communications, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Cloud, and Digital Banking |
This report provides:
- Insight into Macquarie Bank’s technology activities.
- Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Macquarie Bank’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, technology introductions, investments and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Macquarie Bank in 2022?
The annual ICT spending of Macquarie Bank was estimated at $212.0 million in 2022.
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What are the key ICT spending categories by function for Macquarie Bank?
The key ICT spending categories by function for Macquarie Bank are communications, data center, network, applications, end-user computing, ICT service desk, and management.
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What are the key ICT spending categories by channel for Macquarie Bank?
The key ICT spending categories by channel for Macquarie Bank are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Macquarie Bank?
The key external ICT spending categories by segment for Macquarie Bank are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
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What are the key technology themes in focus for Macquarie Bank?
The key technological theme in focus for Macquarie Bank are artificial intelligence, big data, cloud, and digital banking.
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