Cloud Computing Research Paper 2022

Running head: CLOUD COMPUTING
CLOUD COMPUTING
Name of the Student
Name of the University
Author Note

CLOUD COMPUTING 1
Table of Contents
Introduction:..................................................................................................................2
Core business services offered by a bank:..................................................................2
Core business services:............................................................................................2
Individual banking:.................................................................................................2
Business banking:.................................................................................................2
Digital banking:......................................................................................................3
Security:....................................................................................................................3
Bank’s needs for ICT workload types:..........................................................................3
Benefits of using cloud technologies in banking sector:...............................................4
Economical:...............................................................................................................4
Improved manageability:...........................................................................................4
Data Security:............................................................................................................5
Why major banks use mainframes:..............................................................................5
Conclusion:...................................................................................................................6
References:..................................................................................................................7

CLOUD COMPUTING 2
Introduction:
The cloud computing is one of the fastest growing technologies. The
applications of the business will be the key market for the cloud services for the
applications of business that are general such as ERP (Enterprise resource
planning) and CRM (Customer relationship management). The banks are trying to
enter the to the arena of cloud computing cautiously (Yao, Shoja & Tabrizi, 2019).
The cloud computing offers several benefits to the banking related sector such as
saving of cost, continuity in the business, billing that is usage based, agility of
business as well as green IT. The purpose of this paper is to discuss the needs and
benefits of cloud computing in banking sector.
Core business services offered by a bank:
Core business services:
The major job of a banking organisation is to offer finance related services to the
consumers which help the people for better management in the lives of them. As the
competition is increasing and the technology is advancing day after day, the banks
can provide different type of services for attracting the consumers (Alismaili et al.,
2016). The major services which are provided through the banks are as follows:
Individual banking:
The banks typically provide various types of services for assisting the
individuals for the management of the finances of them. That is also including
Checking of the bank accounts, Savings accounts, Insurance, Debit & credit cards,
Wealth management.