AN ANALYSIS ON CLOUD PARADIGM IN ONLINE BANKING

The arrival of cloud paradigm has forwarded its path to view the Information Technology requirements are fulfilled. Cloud paradigm technology has looked by the banking sector officials on their priority. So, they can get the maximum benefit from cloud environment. Various banks are now using cloud environment for the different types of banking requirements especially for online purpose. Cloud environment provides technical environment for their business paradigms for supporting better customer satisfactions, better association, and better delivery performance in competitive world and improved Information Technology effectiveness. To get the maximum benefit from cloud environment, online banking sector can produce a stretchy and responsive online banking system that can be rapidly react to the latest commerce requirements and other needs. This research paper provides a useful analysis in online banking using cloud environment. So that, banking business and diverse business paradigms connected with banking sector and the major troubles seen by the banking sector in implementing this advance technology in their existing business.