Institute of Research and Journals (IRAJ)
In this paper, the authors present issues faced by banking sector in the world of cloud-based computing. The computing industry is witnessing a paradigm shift in the way computing is performed worldwide. There is a growing awareness among consumers and enterprises to access their Information Technology (IT) resources extensively through a "Utility" model, a development broadly called "Cloud computing". Today's, the boom in cloud computing has brought lots of cost, efficiency, reliability, security and policies as key challenges for the banking sector to provide better service for their customer.