Report: Mainframe and Cloud Technologies in Banking Sector (ITECH1104)

This report analyzes the application of cloud and enterprise computing in the banking sector, focusing on how banks leverage mainframe and cloud technologies to support their operations. The report begins by outlining the core activities of a bank, including individual and business banking services, and then delves into the ICT workloads necessary for these services, such as database, analytic, and batch workloads. It highlights the benefits of cloud technology for banks, including data security, cost and time savings, and infrastructure reduction. The report also identifies specific cloud services used by banks, such as Recovery as a Service (RaaS) and Software as a Service (SaaS). The assignment uses the case study of the NZ Bank to illustrate the practical application of these technologies. The report is based on trusted online resources and real-world examples from the banking sector. The report concludes with a discussion of the benefits of cloud computing in the banking sector.

Itech1104 - Cloud And Enterprise Computing
Student’s Name
Affiliate Institution
Date

Core NZ bank activities
individual banking service- allows a customer to be able to operate checking accounts, make use
of debit and credit cards, open and operate a saving account, access insurance services and finally
be able to manage his wealth (Four Different Types of Services | Banking, n.d.).
business banking package- There are several types of business banking services in NZ bank including;
offering business loans, opening and operation of checking accounts, the operation of the merchant services
such as credit card processing.
Moreover, this service involves, reporting and reconciliation and checks collections, access to debit as well
as credit cards and finally the treasury package which is able to provide payroll and deposit services to a
business
 digital banking- this is the freedom of customers as well as business owners to be able to manage their
finances online from devices such as tablets, computers and the Smartphone (Four Different Types of
Services | Banking, n.d.).

NZ Banks need for ICT workloads
A workload in a cloud environment which is hybrid can be said to be a collection or an
independent service of code which can be executed.
NZ bank will highly require the database workload as this help the bank in;
1. constitute its big data
2. make critical decisions
3. be able to accomplish a set number of transactions on the computer systems
4. storage of the bank transactions as well as the customer’s transaction history
 analytic workloads- this workload is used by the NZ bank to make a comparison and
benchmark the performance of its partners as well as its competitors countrywide (Discover 4
Main Benefits of Cloud Computing, 2018).
 batch workload - NZ Bank requires a batch workload in order to be able to record or the
electronic money transactions that take place in relation to the customers and business accounts in
the bank.

Cloud technology benefit to banks
Among the benefits that NZ bank enjoys by using mainframe
technology are;
I. data security
II. removal of mundane transactions
III. Saves time and money
IV. Reduction of the overall infrastructure
Mainframe technology used by banks
 Among the cloud services which are applicable and used by the
banking industry in Australia specifically, the NZ Bank are;
a. recovery as a service or (RaaS)
b. software as a service or the (SaaS)
c. (PaaS) or the platform as a service (Types of Workloads in a Hybrid Cloud
Environment, n.d.).

References
Four Different Types of Services | Banking. (n.d.). Retrieved from
https://localfirstbank.com/content/different-types-of-banking-services/
Discover 4 Main Benefits of Cloud Computing. (2018, October 31). Retrieved from
https://www.trintech.com/blog/cloud-solutions/how-the-banking-industry-benefits-fr
om-cloud-computing/
Types of Workloads in a Hybrid Cloud Environment. (n.d.). Retrieved from
https://www.dummies.com/programming/cloud-computing/hybrid-cloud/types-of-w
orkloads-in-a-hybrid-cloud-environment