Open AccessDigital Banking - Architecture Strategies using Cloud Computing
Author(s) -
Prudhvi Parne
Publication year - 2021
Publication title -
international journal of cloud computing : service and architecture/international journal of cloud computing : services and architecture
Language(s) - English
Resource type - Journals
eISSN - 2231-6663
pISSN - 2231-5853
DOI - 10.5121/ijccsa.2021.11602
Subject(s) - cloud computing , utility computing , computer science , end user computing , grid computing , cloud computing security , cloud testing , fabric computing , data science , the internet , computer security , distributed computing , grid , world wide web , operating system , geometry , mathematics
With recent advances in technology, internet has drastically changed the computing world from the concept of parallel computing to distributed computing to grid computing and now to cloud computing. The evolution of cloud computing over the past few years is potentially one of the major advances in the history of computing. Unfortunately, many banks are still hesitant to adopt cloud technology. New credit unions wanting to achieve greater business agility, cloud technology enables organizations to respond instantly to changing market conditions, leveraging data and applied analytics to achieve customer experience and operational productivity benefits. As a result, cloud computing comes in to provide a solution to such challenges making banking a reliable and trustworthy service. This paper aims at cloud computing strategy, impact in banking and financial institutions and discusses the significant reliance of cloud computing.