This report investigates the application of cloud computing technology within the banking sector, focusing on its potential to enhance operational efficiency, data security, and customer service. The study, conducted for the ITC571 module at Charles Sturt University, explores the benefits of cloud adoption, such as improved infrastructure and cost reduction, while also addressing challenges related to security, regulatory compliance, and data management. Through a combination of primary data collection, including interviews with banking professionals, and secondary research, the report analyzes the current trends, adoption rates, and future prospects of cloud computing in the banking industry. The findings highlight the importance of addressing security concerns, complying with regulatory requirements, and strategically implementing cloud solutions to maximize benefits such as mobile payment services and improved customer experience. The report concludes that successful cloud implementation can significantly improve the overall performance of the banking sector.
![[object Object]](/_next/static/media/star-bottom.7253800d.svg)
