ITECH1104: Cloud and Enterprise Computing in the Banking Sector

This report examines the application of cloud computing and mainframe technologies within the banking sector. It explores how banks utilize cloud services for data analysis, online banking, and payment processing, as well as the role of mainframes in handling large-scale financial transactions. The report also delves into the types of ICT workloads, including batch, transactional, and analytic workloads, and how these technologies enhance the banking sector's operations. Furthermore, it highlights the benefits of cloud computing, such as cost-effectiveness, business continuity, and enhanced services, while also discussing the importance of data protection and security policies. The report emphasizes the integration of these technologies to improve banking services, providing a comprehensive overview of their impact and significance in the financial industry.

Digital Banking
An application of Cloud computing and ICT
workloads
September
2019

2
Bank:
Financial industry which performs the operations
like creating bank accounts, depositing money,
providing loans, is known as the banks.
Followed by the above features bank offers several
other effective services to the customers such as
online banking, payment process and mortgaging.

3
Core Service(s):
 Creating a bank account.
 Payment and cheque processing.
 Loans.
 Mortgaging.
 Online banking

4
Security Policy(s):
 Data protection policy- which restrict external data
loss threat.
 Data collection regulation- restrict irrelevant data
collection.
 Data analysis policy- restricts irrelevant data
analysis.

5
ICT workload type:
ICT batch workload
Works with integrated system services which
basically performs the large data set analysis for
banking services.
ICT transactional
workload
It performs effective payment transactions in private
cloud layer which enhances the services of the
bank.

6
Analytic ICT workload
type:
It works by analysis the data of the
banking sectors, which has been
gathered from the organizations
network server.

7
Cloud Computing in Bank:
The application of cloud computing infrastructure into the banking sector enhances
the banking services by offering virtual storage, effective data accessibility, data
availability as well as by offering virtual platform for several bank operation.

8
Benefits of cloud computing:
• Cost effective.
• Business Continuation.
• Usage-based payment.
• Virtual Storage.
• Enhancement in banking services.

9
Cloud Computing and ICT workload
• Similar to the application of cloud platform ICT batch workload works by integrating the
systems to enhance the services of bank.
• ICT transactional workload type performs operation similar to private cloud application.
• Similar to the application of public cloud, ICT analytic workload works by analyzing the
user data.

10

11
Mainframe:
These are the types of system which performs large organizational data in order to
enhance the services of the industries. Mostly mainframes are utilized by the
banking industries as integrated systems are must effective in the financial
industries.

12
Application of Mainframe in Bank:
Mainframe offers effective data analysis feature to the banking industry which
holds a significant impact on the enhancement of the bank industry as it helps to
provide more customized services to the customers.