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Cloud Computing for Core Banking System
Cloud Computing is a hot and much-hyped model of internet-based on demand computing for new generation information technologies.
Cloud computing allows individuals and companies to use software applications that reside on a specialist company's servers i.e. it allows to access a range of platforms and applications without hosting them themselves and at brings together all the elements of hardware, software and services in a single package. So Cloud computing includes several benefits over traditional Core banking system like Cost reduction, Reduced Capital Expenditure, Scalability, Increased Storage, Improved service levels, Quality of service, Fast and easy implementation and Highly Automated .Dark side of cloud computing includes Increased dependency on third party, Performance , Downtime/Disaster management, Data integrity, Control issues, Regulations, Security and Risk. Read more on
Cloud computing allows individuals and companies to use software applications that reside on a specialist company's servers i.e. it allows to access a range of platforms and applications without hosting them themselves and at brings together all the elements of hardware, software and services in a single package. So Cloud computing includes several benefits over traditional Core banking system like Cost reduction, Reduced Capital Expenditure, Scalability, Increased Storage, Improved service levels, Quality of service, Fast and easy implementation and Highly Automated .Dark side of cloud computing includes Increased dependency on third party, Performance , Downtime/Disaster management, Data integrity, Control issues, Regulations, Security and Risk. Read more on
Link: http://www.mindcron.com/2010/07/cloud-computing-for-core-banking-system.html
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