Cloud and Enterprise Computing in Australian Banking Sector

Running head: CLOUD AND ENTERPRISE COMPUTING
Cloud and Enterprise Computing
Name of the Student
Name of the University
Author Note

1CLOUD AND ENTERPRISE COMPUTING
Table of Contents
Introduction......................................................................................................................................2
Core Business Services offered by the Bank...............................................................................2
Three business services offered by the bank...........................................................................2
Brief description of security and privacy needs in relation to the bank’s core business
services....................................................................................................................................3
Requirement for ICT workload types in the Bank.......................................................................4
Two examples of how banks use ICT batch workload type....................................................4
Two examples of how banks use ICT transactional workload type........................................4
Two examples of how banks use ICT analytics workload type..............................................4
Benefits of using cloud technologies in banking sector..............................................................5
Why major banks use mainframes...............................................................................................5
Conclusion...............................................................................................................................6
References........................................................................................................................................8

2CLOUD AND ENTERPRISE COMPUTING
Introduction
Banks are huge financial institutions that are responsible for handling the money for the
common mass in the entire world. This makes the Banks rely mostly on the capacity, speed,
intelligence, security and accountability for the responsibility it holds. Since, the banking
industry goes through almost millions of transactions every day; mainframes are required for it
has a capability of handling more than 2.5 billion transactions per day (Hon & Millard, 2018). In
Australian banks as well, the core business services utilize mainframes, including the cloud
services along with it. The following report would thus consist of the business services that these
banks in Australia offer to their customers and the security and privacy needs that the core
services need. This will pave the way for ICT requirements of these banks according to their
workloads. Further, the report would present the benefits of implementing cloud services within
the banking sectors and the reasons why the banks mostly make use of mainframes.
Core Business Services offered by the Bank
Three business services offered by the bank
The three different kinds of banking services that the banks in Australia offer can be
classified in three different groups. This would be further described as below:
1. Individual banking: this is a type of services that usually the banks in Australia
offered to the different individuals for helping them in assisting the variety of services for
managing finances for an individual entity (Kelly, 2014). The services include the checking of
accounts for an individual, the savings account handling of an individual, management of debit
and credit cards, insurance services and Wealth Management.