Cloud computing is the on-demand delivery of different computing services over the Internet, including databases, software, servers, and analytics. It means accessing data storage, applications, and computing power via the Internet. Cloud computing has revolutionized various industries, and the financial sector is no exception. It enables financial institutions to reduce their data storage costs with a pay-as-you-go pricing model, as opposed to paying significant upfront costs to deploy and maintain large on-premise systems. The finance sector is experiencing the profound impact of cloud technology.? Cloud computing is essential for the financial services industry, driving security, efficiency, and innovation. This paper explores the impact that cloud computing is having on financial services.
cloud, cloud computing, finance, banking, finance industry, financial services
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