Abstract: A Cloud is a type of parallel and distributed system consisting of a collection of interconnected and virtualized computers that are dynamically provisioned and presented as one or more unified computing resources based on service-level agreements established through negotiation between the service provider and consumers.
Cloud Computing has emerged as a new era in IT. A number of banks are now adopting cloud technologies to fulfill their varied purposes. Cloud technology offers business models for delivering innovative client experiences, effective collaboration, upgraded speed to market and enhanced IT efficiency. Using cloud computing banks can create a flexible and agile banking environment that can quickly respond to new business needs.
In this research paper, I mainly focus on, how cloud computing can be used in the banking industry, various business models associated with it and the problems faced by the banking industry in adopting this technology.
Keywords: Cloud Computing, Banking, Business Model, Hybrid Cloud.
Title: Implementation of a Cloud in Banking Sector
Author: Chitrali Agre
International Journal of Computer Science and Information Technology Research
ISSN 2348-1196 (print), ISSN 2348-120X (online)
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