Core Banking on Cloud
A Passing Fad or the Future of Core Banking Transformation?
Cloud computing is an IT delivery model which enables banks to efficiently use their IT resources and maximize returns on investment through cost savings, enhanced customer satisfaction, newer and faster product bundling etc. Banks may choose to outsource all or part of their hardware architecture, software applications & other systems and platforms.
The Changing face of Banking across the globe
The banking industry has come a long way from being largely personnel-driven around 5 to 7 years back to predominantly digital today. Rapid advances in consumer technology and the evolving expectations of consumers have transformed the business of banking irrevocably.This is the age of self-service banking; freeing front-end bank staff from day to day transactions.