Banking gradually embracing cloud computing

Source: Internet
Author: User
Keywords Banks cloud computing

According to PwC, 71% of the world's top bank executives said in a recent survey that they planned to invest more in cloud computing, about four times times the amount of last year. Julien Courbe, head of financial services technology at PwC, said one reason for the shift was that the services provided by public cloud providers to banks were more secure and reliable. Many customers are starting to consider investing in many large technology companies, providing mobile apps and data to the public cloud. This is a major shift. Most investment banks have so far gained in private clouds, so that banks can have greater control and management. This also makes stakeholders more comfortable.

Now that we see a solution for banks to invest in public clouds, courbe points out, in order to improve security, cloud service providers are storing and transporting data for encryption, and they are investing heavily in identity and access management. Also, another change is that mid-range banks are skipping over the private cloud to implement the intermediate steps that go directly to the public cloud.

IaaS (including computing resources, storage, and print services) is the fastest growing segment of the market, according to research firms. This year, Gartner predicts that the global public cloud services market will grow by 18.5%, from 2012 to $111 billion to 2013 of $131 billion trillion.

The world's leading public cloud providers, such as Amazon (Amazon), Google (Google), Microsoft (Microsoft) and Rackspace, claim that their use of cloud computing has grown strongly so far this year.

In April, Amazon announced that more than 2 trillion objects were stored in the Amazon S3 Service platform, with service requests exceeding 1.1 million per second. "The storage object grew from zero to 1 trillion in six years, but it took less than a year from 1 trillion to 2 trillion," the company said on its blog. "In July, the Dutch banking regulator approved the use of Amazon Internet services by financial organizations. The storage and management of data at all levels in the AWS Cloud, as well as the use of technology provided by Third-party vendors running on AWS, are within that approval.

In this April report, Microsoft's Windows Azure software and related projects sold for the first time more than 1 billion dollars a year. Google says 5 million of its companies use Google Apps.

Courbe says this is a movement that will continue to accelerate. He predicts that in about 15 years ' time, there will probably be only five or six data centers in the world.

The first use of the Bank for cloud computing is application testing and development. This is a natural choice, because the application is thoroughly tested, although it requires a lot of computing resources, but usually only 3-6 months, so the investment device to test is meaningless. In the next phase of the bank's adoption of cloud computing, they began to apply human resources, accounting and applications to the public cloud. In a recent example, the South African Standard Bank says it plans to apply human resources to the cloud as a test before putting the cloud into the core bank.

Our banks also need cloud computing

In recent years, China's banking industry has undergone a leap-forward development, industrial scale has been expanding. But with this rapid development is the market competition is increasingly fierce, rising costs, customer demand increasingly complex challenges. At the same time, with the increase of the overall industrial adjustment of the Chinese banking industry, the government has put forward a high demand for the development of China's banks, which further increases the pressure of bank transformation.

Cloud computing as a new business model, its unique ability is to help domestic banks in changing the marketing model, to achieve cross-sectoral cooperation, improve service capabilities, improve operational efficiency and so on to play a comprehensive role in promoting.

Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.