The document discusses the impact of cloud computing on the banking and financial sector, highlighting its potential for cost savings, scalability, and efficiency improvements. It notes that financial institutions have been cautious in adopting cloud technology but are increasingly recognizing its benefits, including better client engagement and disaster recovery options. Predictions indicate significant growth in online and mobile banking, with a potential disruption leading to the disappearance of many banks.

1. The ultimate banking and
financial sector with cloud
computing machine !

3. Introduction
Banking and financial sector basically operate over
the vast IT infrastructures that deal with Big
amount of data on a day-to-day basis.
Banking organizations and the financial sector as a
whole has been relatively slow in adopting the
cloud. Their strategy has been to wait and watch
on how the cloud performs both from a security as
well as robustness of infrastructure point of view.

4. How cloud computing will help
financial sector to improve
performance

5. Cost Saving –
With cloud computing banks will not have to
invest in hardware, software, dedicated
servers and manpower to monitor the same.
Also the unique nature of cloud computing
allows financial institutions to pick and
choose the services required and pay for
whatever they have consumed.

6. Great scalability and flexibility –
The cloud gives bank ability to respond
quickly on customers’ demands, which gives
a competitive edge. They can scale up and
scale down technology according to need.
Improves efficiency – Due to standardization
in the cloud, it is easy to integrate new
technology and applications. This brings
clients close to their clients, i.e transaction
banking eases payment between buyers and
sellers.

7. Agility –
Cloud is available on demand so less
infrastructure investment is required. Also
financial institutions experiences shorter
development cycle for products which leads
to faster and more efficient response to the
need of a customer.

8. Managed backup –
Cloud can manage banks critical data, to
ensure in the event of disaster a bank can
bounce back rapidly and easily.

9. Cloud options
used by financial
sector

10. Card and mobile payment processor are now
operating on the cloud. The processors on
cloud provides financial institutes and banking
sector specialized expertise needed in card
processing. They also provide fraud detection,
security and uptime delivery.
Card and mobile payment processing

11. Now a days cloud service providers
understand the financial service space and
provide turnkey banking space that gives
online banking, electronic bill paying.
Core banking –

12. Financial service companies are considering
cloud based HR services that coffers HR
software like payroll, benefits, talent
management. This has resulted into better
recruitment for companies.
Human resource and talent management –

13. To avoid costly hardware and software
upgrade banks are moving their application
development and testing to cloud providers.
Infrastructure as a service –

14. Some predictions related
to Financial sector with
Cloud computing

15. “
1. 69% of customers already use the internet to
buy financial products online.
2. 50% of world’s bank will disappear through
cracks opened by digital disruption of the
industry.
3. Mobile banking usage will exceed 1.75 billion
by 2019 representing 32% of the global
population.

16. Future of Financial
Industry with
Cloud technology

17. “
1. 69% of customers already use the internet to
buy financial products online.
2. 50% of world’s bank will disappear through
cracks opened by digital disruption of the
industry.
3. Mobile banking usage will exceed 1.75 billion
by 2019 representing 32% of the global
population.

18. For More information
visit us on
www.esds.co.in

19. Thanks!