Cloud Computing Applications in Banking Sector: A literature Survey
P. S. Swathi · IOSR Journal of Computer Engineering · 2017
This Cloud computing is internet-based computing, anywhere shared resources, software, and information are provided to computers and other devices on demand.Business services will be the largest market for cloud services spending with a gradual evolution from on-premise to cloud-based services especially for banking sector .Banks are expected to enter the cloud computing field cautiously, with no single cloud services delivery model being a silver bullet for best meeting their demanding business needs.But before stirring to the cloud, banks must consider issues around data confidentiality, security, regulatory compliance, interoperability of standards, and quality of services.The key to success lies in selecting the exact cloud services model to match business needs.