CLOUD COMPUTING

C
What is cloud computing ?

• Cloud computing is the

delivery of on-demand
computing services over the
internet on a pay-as-you-go
basis.

• Rather than managing files

on a local storage device,
cloud computing makes it
possible to save them over
the internet.
Deployment model
Public cloud: The cloud Private cloud: The cloud
infrastructure is made infrastructure is exclusively
available to the general operated by a single
public over the internet organization. It can be
and is owned by a cloud managed by the
provider organization or a third party
and may exist on-premise or
off-premise
Hybrid cloud: It consists of
the functionalities of both
public and private cloud.
Eg: A company opts for
private clouds when
sensitive information is
involved and they use
the public cloud to share
datasets with the general
public or other
government departments
Service model

• 3 Categories:
1. Infrastructure-as-a-Service (IaaS),
2. Platform-as-a-Service (PaaS) and
3. Software-as-a-Service (SaaS).
Cloud computing in Banking and
finance
• Cloud technology can help banks improve profitability by providing nearly unlimited
hardware and software resources on a pay-as-you-go basis over the Internet, cloud
computing drives down costs and enables innovation.

• Cloud also gives banks the ability to respond quickly to changing market, customer and
technological needs, which is an important competitive edge.

• In addition, the combination of potentially unconstrained computing power and big data
facilitates data mining and analytics, that provides banks with better insights into their
Application of Cloud in BFSI
•Hosting
•Payment
gateways
•ERPs and CRM
Challenges
• Security and compliance
• Reliability
• Cloud management
• Interoperability
• Regulation
Current Trends
 IBM,SiS - Protecting customers from fraud with SiS.
 In France, approximately 50 percent of corporate fraud attempts involve diverting
payments.
 With help from IBM, SiS - developed a service that helps clients check transactions and
detect anomalies in seconds.

 Fifth Third Bank - Building a security-rich environment for data science

 Need for smart marketing to build engagement and retain customers.
 FTB used IBM Data Science Experience to create a controlled environment to do
machine learning with highly sensitive banking data.

 Nous Infosystems - provides high quality and robust cloud banking solutions
 KPMG - Automating business processes
 KPMG - to offer UK banking clients a quick-to-deploy, end-to-end solution to help meet
regulatory needs.
 KPMG selected IBM Business Process Manager (BPM).

 ICICI Bank - running some of its applications on Azure

 Azure is a cloud computing service created by Microsoft

 DBS Bank - using AWS to transform its business, reach scale, and better serve its customers.
 DBS Bank is a multinational banking and financial-services corporation headquartered in
Marina Bay, Singapore.
● Startling Bank - It is based on Amazon AWS
 ADVANTAGES

• Cost savings ( Pay on the go)

• Flexibility and Scalability
• Green IT
• Disaster recovery
• Loss prevention
• Competitive edge
• Increased Reliability and Performance
CURRENT NEWS
THANK YOU