Banking sector basically operate over the vast IT infrastructures that deal with enormous volumes of data on a day-to-day basis. The cloud-based technology's most apparent benefits are expected to facilitate banks to sustain with latest technological changes while reducing their overall overhead costs.

1. Present’s

2. Why Is The Financial
Sector Embracing
Cloud Computing More
Rapidly?

3. Banking sector basically
operate over the vast IT
infrastructures
Cloud-based technology
facilitate banks to
sustain with latest
technological changes
While reducing their
overall overhead costs

4. Cloud-Based IT Environment Is Expected To
Become An Integral Part Of The Banking
Industry
Total expenditure by
financial-services
organizations on the
cloud has reached
approximately
between 15bn dollar
and 20bn dollar in
2015

5. Key Points That Play
A Crucial Role In The
Adoption Of Cloud By
The Banking Industry
Are

6. Embracement Of Cloud Technology Is
One Of The Top Most Precedence Amidst
The Banking Industry
Adoption of cloud has been a much-hyped
among banks in many parts of Asia Pacific
region
Driving force behind adoption may vary
depending on the cloud approach
Emphasizes on broadening the horizon of
mobile banking capabilities and other
customer relationship management provisions
Data centre makeover to drive enhanced and
value-added operational and cost efficiency

7. Supervisory Body In The Banking Sector
Have A Profound Influence On The
Adoption Of Cloud Strategies
Cloud computing differ and have undoubtedly
marred their approach to a great extent
Supervisory bodies recognize the competitive
pressures that the banks are facing nowadays
Supervisory bodies are now seeking out ways
to diminish risks
Banks have been among those who look for
the uppermost levels of governance
requirements around data confidentiality,
data placement

8. Cloud Drivers Characteristically Imitate
Market Advancement & Demand Drivers
Adoption of cloud computing has definitely
gained momentum among smaller banks
Banks are paying more attention on leveraging
a coalition of hybrid cloud methodologies
Banks moving forward to leverage a
combination of public and private cloud
platforms
Accretive developments and expansion in
existing IT infrastructure and operations are
indispensable

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Source:
http://www.cloudoye.com/blog/cloud-technology/why-is-the-financial-sector-
embracing-cloud-computing-more-rapidly