How cloud will transform the retail banking industry
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Authors
Author (Corporation)
Publication date
2016
Typ of student thesis
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Collections
Type
04B - Conference paper
Editors
Editor (Corporation)
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Parent work
Proceedings of the 6th International Conference on Cloud Computing and Services Science (CLOSER 2016)
Special issue
DOI of the original publication
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Series
Series number
Volume
1
Issue / Number
Pages / Duration
302-309
Patent number
Publisher / Publishing institution
SciTePress
Place of publication / Event location
Rom
Edition
Version
Programming language
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Abstract
This paper focusses on current trends in the banking industry and on illustrating how these trends can be supported by cloud computing. The main characteristics of cloud computing that could support transformation are facilitated data accessibility, enabled processing of data from various sources and the opportunity of an easier integration of functions or data. Trends in the banking industry are increasing customer centricity, redesigning of branches and deployment of new communication and distribution channels. For each trend we report quotes general information to provide an overview of the transformation caused by this trend. We identify which business processes are influenced, how they are affected and we explain how cloud computing could support the identified changes.
Keywords
Cloud in Banking, Cloud Computing
Subject (DDC)
Event
International Conference on Cloud Computing and Services Science
Exhibition start date
Exhibition end date
Conference start date
23.04.2016
Conference end date
25.04.2016
Date of the last check
ISBN
978-989-758-182-3
ISSN
Language
German
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Published
Review
Peer review of the complete publication
Open access category
License
Citation
GATZIU GRIVAS, Stella, Rouven SCHUERCH und Claudio GIOVANOLI, 2016. How cloud will transform the retail banking industry. In: Proceedings of the 6th International Conference on Cloud Computing and Services Science (CLOSER 2016). Rom: SciTePress. 2016. S. 302–309. ISBN 978-989-758-182-3. Verfügbar unter: http://hdl.handle.net/11654/24921