• Dr.A.Pankajam
• Mr.S.R.SangeethRaaj

Cloud computing is one of the rapid developed technologies which expanded enormously with lots of grasp. Many CTOs, CIOs and CFOs are using this in order to withstand in the market. Cloud is an instrument which helps in other technologies such as big data, IoT, AI etc. For the core banking problems such as interoperability, 24x7, storage etc., cloud computing provides solution. As per the survey by Forbes cloud computing is expected to grow to $162B in 2020 with the annual growth rate of 19%. Some of the benefits of cloud computing in banking and financial services are reduction in cost, business process improvement, waste minimization, auto scalability, efficient client service, continuity of business, improvement in flexibility etc., The following restrictions such as access, privacy, culture, standards of service providers, uncertainties about emerging technologies, integration with existing infrastructure, regularity compliance and support for the clients are to be checked before implementing cloud in the banking and finance sector. The proposed study analyses the benefits which can be enjoyed and challenges to be faced by the banks and the financial institutions.

Cloud Computing, SaaS, PaaS, LaaS, Public Cloud, Private Cloud, Community Cloud, Hybrid Cloud

"Cloud Computing In Banking And Financial Services – Values And Restrictions", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.28-30, November-2018, Available :http://www.jetir.org/papers/JETIRL006007.pdf

"Cloud Computing In Banking And Financial Services – Values And Restrictions", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp28-30, November-2018, Available at : http://www.jetir.org/papers/JETIRL006007.pdf