Cloud computing technology serves as a key for banks to enable digital transformation and be future-ready. Cloud offers banks unparalleled levels of security, agility, and scalability while expanding its capability to manage consumer data.

1. Cloud Computing
in Banking
What should banks know before making
the switch to the cloud?

2. 1. Outline
Financial organizations can benefit from
cloud computing in a variety of ways,
including:
 Cost savings
 Usage-based Billing
 Business Continuity
 Business Agility
However, banks must evaluate concerns
such as data confidentiality, security,
regulatory compliance, and interoperability
before shifting to the cloud.

3. 2. Cloud computing can boost performance of financial institutions in several ways
 Cost Savings: Cloud computing turns the upfront capital
investment in IT infrastructure into a smaller, recurring
operating cost leading to cost savings
 Usage-based Billing: The unique pay-as-you-go model
where financial institutions have to pay only for the
services they require.
 Business Continuity: With cloud computing, the cloud
service provider drives thetechnology, ensures data
security and disaster recovery
 Business Agility: Cloud computing allows quicker
development cycles for new products that lead to a quicker
and better response to banking customers' needs

4. 3. Moving to the Cloud: The Challenges
 Security
The confidentiality and security of
customers' financial data are paramount.
Any kind of security breach can lead to
financial losses, reputation, and customer
trust.
 Regulatory and compliance
Banking and financial institutions have to
comply with many government
regulations such as banking customers
cannot be stored outside the national
boundaries and others.

5. 4. Factors that contribute to cloud implementation success
 Having a clearly defined cloud strategy
 Provable return on investment
 Demonstrated cloud service delivery capabilities

6. 5. The Future of Banking is on the Cloud
The benefits of cloud computing for banking
sector are clear.
 Leads to lower capital costs
 Cloud is safe for banking
 Enables banks to leverage cloud technology
& innovate
 Improves customer satisfaction

7. ESDS BFSI Community Cloud
 Cloud dedicated to the banking and finance industry
 Supports core banking solutions, hosted banking
solutions, security services
 Industry compliant cloud Certified by Government of
India
 Serving 400 banks and financial institutions across India.

8. Thank You
18002093006
www.esds.co.in getintouch@esds.co.in