Cloud Computing in Financial Services [electronic resource] /
Nicoletti, B.author.
Financial institutions must become more innovative in the conduct of their business. Cloud computing helps to achieve several objectives: innovative services, re-engineered processes, business agility and value optimization. Research, consultancy practice and case studies in this book consider the opportunities and risks with vendor relationships.
Description based upon print version of record.
""Cover""; ""Title""; ""Copyright""; ""Contents""; ""List of Illustrations""; ""Foreword""; ""Acknowledgements""; ""List of Abbreviations""; ""Introduction""; ""1 Financial Institutions and Information and Communication Technology""; ""1.1 Introduction""; ""1.2 Financial institutions""; ""1.2.1 Classification of financial institutions""; ""1.2.2 New norms and new characteristics of the market""; ""1.2.3 Services required from the banks""; ""1.3 Transformation of financial institutions""; ""1.4 Lean and digitize approach to financial institution transformation""
""1.4.1 Transformation of organizations""""1.4.2 Transformation of the ICT support""; ""1.5 Conclusions""; ""2 Cloud Computing""; ""2.1 Introduction""; ""2.2 Cloud computing in growth""; ""2.2.1 Definition and classification""; ""2.2.2 The B2B cloud""; ""2.2.3 Some of the vendors acting in cloud computing""; ""2.2.4 Standardization and cloud computing""; ""2.3 Benefits and expectations associated with cloud computing""; ""2.3.1 Benefits to the client""; ""2.3.2 Benefits to the vendor""; ""2.3.3 Benefits to society: pollution reduction""; ""2.4 Risks and mitigations of cloud computing""
""2.4.1 Vendor lock in""""2.4.2 Loss of governance and third-party data control""; ""2.4.3 Contractual aspects""; ""2.4.4 Applicable law and competent courts""; ""2.4.5 Security""; ""2.4.6 Difficult or poor network connections""; ""2.4.7 Standardization which might hurt competitive advantages""; ""2.4.8 Cloud vendor default or interruption of service""; ""2.4.9 Higher costs""; ""2.5 Migration paths""; ""2.6 Conclusions""; ""3 Cloud Computing in Financial Institutions""; ""3.1 Introduction""; ""3.2 Financial institution outsourcing trends""
""3.3 Cloud computing scenario for financial institutions""""3.4 Expectations of cloud-based solutions""; ""3.5 Aspects accelerating the adoption of cloud-based solutions""; ""3.5.1 New delivery channels""; ""3.5.2 Multiproduct integration""; ""3.5.3 Customer sales and services""; ""3.5.4 Customer relationship management""; ""3.5.5 Social network and community""; ""3.5.6 External interfaces""; ""3.5.7 Transaction processing systems""; ""3.5.8 Corporate functions and common supporting services""; ""3.5.9 Application infrastructure and application development""
""3.6 Dilemma of financial services institutions: private v. public cloud""""3.7 Conclusions""; ""4 Governance of Cloud Computing""; ""4.1 Introduction""; ""4.2 Planning and controlling cloud computing""; ""4.3 Data processing regulatory obligations""; ""4.1.1 Cloud computing and compliance""; ""4.1.2  Private data localization and transfer""; ""4.2 Governance""; ""4.2.1 Vendor manager""; ""4.3 Cloud computing controls""; ""4.3.1 Risk management""; ""4.3.2 Certifications""; ""4.3.3 Contract""; ""4.3.4 Control over the governance and the definition of operational plans""
""4.3.5 Control of the operational management""
Includes bibliographical references and index.
Financial institutions must become more innovative in the conduct of their business. Cloud computing helps to achieve several objectives: innovative services, re-engineered processes, business agility and value optimization. Research, consultancy practice and case studies in this book consider the opportunities and risks with vendor relationships.
Management.
Finance.
Business enterprises-Finance.
Banks and banking.
Leadership.
Economics.
Management science.
Management.
Finance, general.
Business Finance.
Banking.
Business Strategy/Leadership.
Economics, general.