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| Benefits and Challenges of Cloud Computing for Financial Sector |
Parviz Hajizadeh, Azra Hajizadeh
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Abstract:
As the concept of cloud computing has gained importance in recent years, it is important for financial sector to adopt cloud computing to meet their business demands. Banks must enter the cloud computing arena cautiously as cloud computing can offer financial institutions a number of advantages. As adoption of cloud computing for financial sectors looks beneficial for the business and economy, financial sector must consider issues around data confidentiality, security, regulatory compliance, interoperability of standards, and quality of services. The study therefore attempted to assess the benefits and challenges of cloud computing for financial sector.
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