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Cloud Computing

A 30 minute presentation on Cloud Computing in banking
by

on 18 June 2013

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Transcript of Cloud Computing

The cloud isn't stored
somewhere in the ether
It is actually very physical, you just don't see it
Future of finance in cloud
1.Customer relationships will be redefined
Consideration factors
A type of data

storage system
where data is stored, managed, and processed
remotely
and accessed by a
dummy
terminal through the internet.
Google Drive
Drop Box
Rackspace
3.Non-banking cloud based competitors will keep up the pressure.
Evernote
Icloud
Google Apps
Office 365
YouTube
Pintrest
Facebook
Wordpress
Blogger
Twitter
Delicious
Picasa
blogger
Challenge:
Keeping data safe and secure
Wikipedia
A cellphone or computer without much storage space
The data is still stored on a server,
just not one located in your home or office
Online Applications
Online Storage
SAAS
s
ervice
oftware
PAAS
I AAS
latform
nfastructure
http://goo.gl/CbJdk
What is Cloud Computing ?
Expectations
Market oppurtunity
C
l
u
d
C
o
m
p
u
t
i
n
g
Like Grid Computing?
Buzzword
Paradigm Shift
Pay-per-use Model
o
Google Drive, Dropbox
Infinite Computing Power
Emerging markets: ATMs in the clouds?
Conclusion:
BPAAS
DAAS
usiness
ata
Public cloud
Private cloud
Community cloud
Hybrid cloud
Dynamic and flexible technology
Highly optimised & virtual infrastructure

Fully automated service provision.
Shared services delievered across trusted domain
Internet or intranet based access model
Service based acquisition model
The protection and confidentiality of data.
Legal and regulatory complaince.
Trusting data to the people and processes.
The threat of confidential data.
Achieving legal redress.
The viability
Advantages:
Business Process management
Enterprise risk management
Printing services
Identity management
Enterprise CRM
Retail banking and stocktrading
Critical batch job scheduling
2.Cloud computing will steadily progress at all levels of the stack.
4.Emerging market banks will lead cloud based innovation
5.Collaborative cloud based shared services will emerge between banks.
6.Cloud enabled collaborative bundling will expand accross and beyond financial services.
7.payments in the cloud will be a key focus
Significantly low startup costs and rapidly expandable capabilities that shifts capital Expenses
Ability to deliever tailored products and services
Usage based business model
Economies of core competency
of the service provider
Thank you
Queries???
ervice
ervice
ervice
ervice
rocess
s
s
s
s
Characteristics of Cloud Computing
On Demand Self Service
Ubiquitous network Access
Resource Pooling
Rapid Elasticity
Pay-per-use
TEAM - FELLOWSHIP 6

YAZHINI M - 372709
VIGNESH R K - 372490
JOHNRAMESH B - 372577
CHANDRABOSE J - 372588
MANIKANDAN M - 372580
KRITHIGA R - 372578
Since major shifts in technology can take years to make an impact, the migration of core financial services applications to the cloud might take some time. Cloud Computing is a promising paradigm for delivering computing utilities as services. Just as personal computers and servers shook up the world of mainframes and minicomputers or as smartphones and tablets revolutionized the mobile commerce industry, cloud computing is bringing similar far-reaching changes to the licensing and provisioning of infrastructure and to methodologies for application development, deployment and delivery.
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REFERENCES:
• Bedell, Crystal. “Cloud computing technologies and financial services.” SearchCloudSecurity,
December2,2010. http://searchcloudsecurity.techtarget.com/news/1524267/Cloud-computingtechnologies-
and-financial-services.
• Crosman, Penny. “BS&T Survey: Banks Take to Cloud Computing.” Bank Systems Technology, August16,2010. http://www.banktech.com/architecture-infrastructure/226100004
• King, Leo. “Banking giant BBVA moves internal apps to Google cloud.” Computerworld, January 12,2012. http://www.computerworld.com/s/article/9223391/Banking_giant_BBVA_moves_internal_apps_to_Google_cloud
• Weber, Tim. “Google persuades Spanish bank BBVA to use the cloud.” BBC News Business, January11,2012. http://www.bbc.co.uk/news/business-16486796
• “What Silver Lining Has Cloud Computing for Banking?” RFP Connect blog, October 19, 2010. http://www.rfpconnect.com/news/2010/10/19/what-silver-lining-has-cloud-computing-for-banking.
• http://en.wikipedia.org/wiki/Big_data
• http://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act
• http://gigaom.com/2011/05/10/gridglo-mines-big-data-for-real-time-energy-apps/
• http://www.pcmag.com/article2/0,2817,2390702,00.asp#fbid=lg3dX9bAIFr
• http://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act
• http://www.banktech.com/architecture-infrastructure/bst-survey-banks-take-to-cloud-computing/226100004
• http://visual.ly/cloud-computing-banking
Full transcript