• Reena Raj

Cloud computing is a technology used for storing the data over the internet. It helps the financial sector in many ways such as cost saving, greater scalability and flexibility, agility and managed backup. The major players in the cloud space are Google, Amazon and Microsoft. Despite its many advantages, cloud technology may expose banks to operational risks in respect of information security, business continuity, control and command of IT assets etc. Most of these risks are due to the specific characteristics of the technology and these technologies are developing and the information security tools are not necessarily mature. Banks need to manage the risk associated cloud services and also take preventative steps to mitigate them. Bank executives’ need to remember that cloud computing is a journey and not a destination. Cloud will be viewed less as an option and more as a business imperative by the banking industry in no matter of time.

Cloud, Cloud service providers, risk management

"Risk Management In Cloud Banking", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.80-82, November-2018, Available :http://www.jetir.org/papers/JETIRN006016.pdf

"Risk Management In Cloud Banking", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp80-82, November-2018, Available at : http://www.jetir.org/papers/JETIRN006016.pdf