ONLINE BANKING PARADIGM AND APPLICATION OF CLOUD ENVIRONMENT

Cloud environment based paradigm is likely to be one of the fastest-growing technologies in the recent years. Most of business organizations and their applications will be the leading market for cloud environment based services waiting, with an ongoing shift from the existing location as well as the services to cloud environment based services particularly for day to day business operations and applications i.e., customer relationship management (CRM) for customer satisfaction and enterprise resource planning (ERP) for planning the resources of the organization. Banking sector especially online banking are likely to go into the cloud environment based services carefully, with no solitary cloud environment based services delivery paradigm being a silver bullet for the fulfillment of need and requirements of the business. Cloud environment based services computing can provide financial sectors especially banks a number of advantages.