Cloud Computing in Banking Sector

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Table of Contents
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I. INTRODUCTION...........................................................1
II. MATERIALS AND METHODS....................................2
A. Data Collection............................................................2
B. Analysis of the raw data..............................................2
III. Results.........................................................................2
IV. Conclusion...................................................................3
Appendix..................................................................................3
References................................................................................4
Final Report - Value: 35%
Length: (1500-2000 words approx.)
Full Name
Student ID
Subject ITC571 – Emerging Technology and Innovations
Assignment No Capstone Project Report
Due Date 09-May-2019
Lecturer’s Name Malka N. Halgamuge
Abstract— In this new era of technology the process of cloud
computing is being using as a major innovation and this innovation
is giving wide commercial benefits and innovative opportunities to
all sectors. Not only this but also for various personal usages the
platforms such as google drives, dropbox are also using in the
banking sectors. In other words it can b said that, cloud computing
software is offering benefits to all sectors. This paper depicts the
role and application of an emerging technology known as cloud
computing technology in the banking sector. Among the different
working industries the banking sector is one of the much beneficial
one for the use of cloud computing technology. The aim of the
project is to incorporate cloud computing technology in banking
sector for obtaining commercial benefits and business efficiency. It
also improves the operational and functional activities of the
banking industry. The scope and impact of cloud computing
technology in the banking sectors are all elaborated and discussed
in this paper. It has been identified that these days the numbers of
users and employees are increasing in the banking sectors and
managing large set of data manually is becoming a major problem.
Key Words— banking industry, cloud computing technology,
innovation, credibility, flexibility, primary, secondary data
collection etc.
I. INTRODUCTION
This paper identifies the benefits an application of cloud
computing technology in the banking industry. The overall
infrastructure of the banking industry will be improved with
the implementation of cloud computing technology.
Challenges associates to security, reliability and application
flexibility will be completely reduced with the implementation
of cloud computing technology.
Literature review
Introduction
This literature demonstrate the role and application of cloud
Computing technology in the banking sector and also
identifies the reasons for which banking industry requires to
implement cloud computing technology. These days most of
the banking industries are planning to move to the cloud
platform instead of traditional approach. The following
features that are possessed by cloud computing technology
include lower requirements of equipments, dynamic and
virtual expansion etc.
Cloud Computing in Banking Sector
Name of the student:
Student Email:
School of Computing and Mathematics, Charles Sturt University, Melbourne, Victoria
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