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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14

Issue per Year : 12

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Paper Title: Role of Cloud Computing in Financial Institutions
Authors Name: P.S. Subha Prada
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Published Paper Id: IJRTI1710020
Published In: Volume 2 Issue 10, October-2017
Abstract: Global financial industry has undergone tremendous transformation owing to business and financial innovations, intense competition, and rapid technological innovations. One such sector which has undergone a sea change is the banking sector. This growth of the banking industry is catalyzed greatly by technological advancements which have made banking services easily accessible and customer driven. Banks have been constantly working on developing new business models that take advantage of latest technology for the benefit of the customer. Banks need to react to this new customer-driven environment with innovation in business models, operations and IT. One such technology that has transformed banking is cloud computing. For banks, the value proposition for cloud computing affects the entire business. Cloud technology offers a new model for delivering innovative client experiences, effective collaboration, improved speed to market and increased IT efficiency. Cloud deployments are increasing and the technology is proving to be secure. More businesses are adopting cloud computing. Today, cloud technology is not just a tool being used in IT, but a paradigm shift to an entirely new business model. The present paper discusses the way cloud computing is used in banking, the different business models associated with cloud computing and the benefits and challenges faced by the banking industry in implementing this technology.
Keywords: Cloud Computing, cloud, banking, business model, hybrid cloud
Cite Article: "Role of Cloud Computing in Financial Institutions", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.2, Issue 10, page no.112 - 115, October-2017, Available :http://www.ijrti.org/papers/IJRTI1710020.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI1710020
Registration ID:181607
Published In: Volume 2 Issue 10, October-2017
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Page No: 112 - 115
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Research Area: Engineering
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI1710020
Published Paper PDF: https://www.ijrti.org/papers/IJRTI1710020
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED
Journal Starting Year (ESTD) : 2016

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