Core Business Services Offered by a Bank

This article discusses the core business services offered by banks, including business loans, credit and debit cards, and cash management. It also explores the needs of ICT workload types by banks and the benefits of using cloud technologies in the banking sector.

Running head: CLOUD AND ENTERPRISE COMPUTING
Cloud and Enterprise Computing
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Core business Services Offered by a Bank:
Bank in today’s world is considered to be a prominent institution associated with making
the lives of people become easier by means of providing them with numerous services (Dia &
VanHoose, 2017). Banks are of two types one is the commercial bank and the other one is the
investment bank. Some of the major services provided by the bank have been listed below:
Business loans:
Organizations are seen to be requiring sufficient measures of money for sponsoring their
startups or for paying for the extensions that they are having and for this reason businesses are
associated with taking of business credits so as to have the amount of money required (Sufian &
Kamarudin, 2016). During the process of applying for business loan the loan masters are
associated with evaluation of the history of the organization applying for the loan which includes
the proportion of the commitment which the organization is having and if the business is
associated with giving off of an impression related to being risky.
The business loans are provided by the banks to their clients as well as to those clients
who are having the capability of making huge benefits by means of using the loan provided by
the bank. For example many of the banks existing in Australia such as the Commonwealth Bank
of Australia, Westpac bank and the Australia New Zealand bank are associated with providing of
huge loans to the businesses at an affordable interest rate (Rostamkalaei & Freel, 2016). In
addition to this there also exists other banks which are seen to be organized in a significant way
so as to provide loan services to the people’s business loans are generally provided by the banks
for various small as well as large business activities. Banks are seen to be associated with doing

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their best for the purpose of providing loans at a lower rate so as to make it affordable for the
clients to pay back.
Credit and Debit Cards:
The plastic cards proliferation so as to be used regularly has been associated with making
it become sustainably less demanding for the businesses so as to buy something. A debit card is
generally associated with empowering the users in spending by means of cash from the
businesses financial balance. This in turn is associated with providing eth users with the
directions over the arrangements which are money related and is associated with making sure of
the fact that the user is never associated with spending of savings which an user is not having and
the reason behind this is that the trade conducted is associated with deducting the debit card
purchase in a quick manner from the records (Rostamkalaei & Freel, 2016). The credit cards are
generally associated with providing the facility of getting money for purchasing something with
the facility of paying back the money at later stage in installments. This in turn makes it valuable
for the business wages along with being associated with providing of routinely offers related to
the favored prizes and protection over a debit card. Both this type of cards can be used in ATMs
so as to withdraw money.
Cash Management:
This is considered to be another major service provided by the banks which is defined as
the corporate procedure associated with the gathering and overseeing the money as well as
utilizing that money for spending for different purposes. This is one of the key part which the
money of an organization is having in terms of reliability and dissolvability. Yet, management of
the installment exchanges; the cash management is in a likewise manner is associated with
incorporation of the arrangements along with account management, checking of incomes, ledger

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overseeing, money keeping electronically, and many more (Dia & VanHoose, 2017). Cash
management is associated ensuring the fact that an adequate level of capital are kept open for the
business so as to be used without any kind of hesitation such as during the process of purchasing
stocks. A decent process of cash management can basically have an impact upon the adequacy of
the errands.
Needs of the ICT workload Types by banks:
ICT Batch Workload:
The batch processing is associated with depicting the fact that there exists no associations
with the clients when the program is being executed. This in turn makes this service very
important for banking purpose. For example, the batch workload is the way by which the Visa
associations are associated with processing the charges. Which means the customer is not
associated with getting the bills related to each of the extraordinary credit card purchase anyway
starting from the multi month to the monthly charges for the greater parts of the monthly
purchase. The bills are generally prepared by means of group planning in which most the data
are seen to be assembled and held till the point when the bills are dealt with as a group so as to
move towards the completion of the charging cycle (Sufian & Kamarudin, 2016). Another batch
processing example is the integration and in this the bank is associated with distributing a row
down of the exchanges as an hourly cluster which is seen to be consumed by the Enterprise
Resource Planning or the ERP.
ICT Transactional workload:
The transactional workloads which the banks are having are seen to be existing in a
different way. The banks are generally associated with providing of debit along with credit cards

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so as helps in clients in getting money whenever they need by withdrawing money from their
accounts along with providing the facility of downloading the bank applications so as to help
then in conducting cashless transactions.
ICT analytic Workload:
Banks are seen to be associated with working for the providing the best services to the
peoples by having very little stress. For this reasons the banks are associated with working by
means of usage of the analytic workload (Bose, Luo & Liu, 2013). Banks have also been seen to
be associated with helping their customers in saving millions of dollars by application of the
analysis services in their client datacenters.
Benefits of Using the Cloud technologies in Banks:
Cloud computing is one of the emerging technology which has been seen to be adopted in
numerous fields because of the variety of benefits it provides (Asadi et al., 2017). The banking
sector is also seen to be associated with getting certain benefits and this includes the following:
Economic benefits:
Usage of the cloud computing is associated with helping in avoiding the unnecessary
expenditures along with the upfront costs related to infrastructure helping the banks in focusing
upon the important aspects of the business (Elzamly et al., 2017). One example is the banks
won’t be needing to purchase the any kind of budget sorting software by making use of the cloud
technology.
Manageability Improves:
The cloud computing is associated with helping banks in making rapid adjustments of
their resources related to any kind of unpredictable and fluctuating business requests in a rapid

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manner along with being capable of quick uploading of their applications (Awadallah, 2016).
This happens because of the existence of the vastly improved management of the cloud
computing which does not require much maintenance.
Resiliency:
The systems existing in the clouds are extremely helpful because of the ability of creating
a wide enough enterprise availability which is very helpful for business venture continuity which
is one of the important aspect of the banking industry (Nedelcu et al., 2015).
Scalability:
In banks the acquisitions of huge amount along with mergers is very common which in
turn makes good scalability a very important factor (Schneider & Sunyaev, 2016). The cloud
computing concept is a very affordable concept which is having the capability of scaling the IT
operations in accordance to the company’s needs.
Security:
The cloud computing concept is associated with providing a very high level of data
protection, mainly for those data which are sensitive such as customer data (Zineldin &
Vasicheva, 2015). The data in the cloud is kept in a centralized data storage which can only be
accessed by passing through strict authentication methods. The data security is one of the top
priorities of the cloud computing which make it very beneficial for the banking sectors.
Usage of Mainframe By major banks:
Mainframe is defined as a computer utilized for the data processing systems used by large
organizations for conducting different operations which includes the processing of huge data,
control of process and many more. Mainframe is never associated with letting the banks in

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reaching a downtime condition (Yip & Bocken, 2018). For example the German banks have
never suffered from downtime. Mainframe provided the bank with a fast as well as reliable and
service which is secure and mainframe is mainly used for providing continuous uptime in major
banks.
Additionally, banks are associated with dealing with huge amounts of data which acts as
a motivation for driving the reason of continuous development of the Mainframe enrolling usage.
It is very hard for any structure related to records being capable of energizing the plan of
mainframe in terms of the amount of trade and the management of undertakings which are
troublesome (Paulet, Parnaudeau & Relano, 2015). Mainstream is having the ability of getting
obliged and changing in accordance to the budgetary trade happening all around the world. It is
also very amazing when the confined nature of the mainframe is considered and which has
helped it in completing almost 50 years of existence. Almost every faithful relationship is
associated with usage of a united server database for helping in application which are mission
critical. Considering the huge presence of the big data, it can be stated that the best place where
business examinations can be performed is the joined PCs in terms of the data assembles which
is seen to be at a concerning stage and the data is seen to be existing in the PCs bounded together
(Helgadóttir, 2016). From this can be concluded that the different kind of relationships existing
in the different banks associated with dealing with a record along with attestation, retail and
many more have been running this type of examinations upon the servers which have been
assembles so as to have a basic time circulation. All this reasons are responsible for making the
mainframe important for major banks.

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