Risk Management Process Of Cloud Computing In Banking Sector
Jehan Murugadhas · Journal of Emerging Technologies and Innovative Research · 2018
In the recent scenario, the banking sector is facing unexpected changes. Every operations and transactions are controlled by the customers instead of the banking sector. The customers are adopting new business models with innovative technology. So in Indian and other ethnical banks operate their transactions and providing services to the customer with the adoption of standardized information technology tools. Cloud based technology provides a new model for providing new and innovative customer experiences, well-organized teamwork, superior to operate the transaction in a speedy manner. Cloud computing makes the action of bringing resources into effective and secure. Majority of the private and public sector organizations are adopting cloud computing for the purpose of enhancing their events and activities. According to the 2010 IBM CIO study report shows that, “60% of CIOs plan to use Cloud—up from thirty-three percent two years ago.” Today, cloud technology is not just a tool being used in information technology, but a paradigm shift to a completely innovative trade.