Designing cloud computing architecture for bank industry the case of Dashen bank

Technology makes life easy. People contact banks in their day to day life activity. And also the banks are committed to serve their customers with the help of currently advanced technology. The aim of a bank is to give consistent and satisfactory banking services for the customers. The use of advanced technology in banking requires sophisticated knowledge of the technology and expertise and a large number of employees are required for implementation and management of that system. Cloud computing makes easy the management of IT infrastructure and the bank sector systems. Cloud service providers provide three basic types of services: infrastructure as a service, software as a service and platform as a service. In a cloud environment, there are concerns in the security and confidentiality of the data placed at the cloud. The main purpose of the study is design the cloud computing architecture for Dashen bank, which will reduce the labor need for managing IT infrastructure and system and enhance the use of technology with the required security verification. The study focused on designing aspects of cloud computing. The study used interview, observation and document analysis to gather the data. The interview was conducted on the selected department and employee of the bank. The observation was at the data center of the Dashen bank using a checklist. All the required data was collected from the head quarter of Dashen bank. The study revealed the management of the bank recognized the potential benefit of cloud computing and has started dealing with companies like Microsoft and IBM to adopt the technology. However, because of the absence of regulatory framework and security concerns, immediate adoption of cloud computing tend to difficult. Future researcher needs to focus on assessing and developing an appropriate security system for bank sector. In addition, appropriate policy and procedure needs to be crafted by the regulatory body like NBE and MICT

Cloud for eGov: the state of the art

Specifically, the paper provides a detailed analysis of the state of the art regarding technological, regulatory and interoperability aspects, devoting particular attention to those projects (and related experience) in the field of cloud and distributed computing. The paper's aim is to evaluate benefits and risks of the applicability of solutions that are already in place for the specified areas of interest. The key factors that determine relevant regulations, with particular emphasis on the European target, have been listed in the paper. Finally, the main Italian projects and the situation in some European countries have also been mentioned

Smart Grid Technologies in Europe: An Overview

The old electricity network infrastructure has proven to be inadequate, with respect to modern challenges such as alternative energy sources, electricity demand and energy saving policies. Moreover, Information and Communication Technologies (ICT) seem to have reached an adequate level of reliability and flexibility in order to support a new concept of electricity network—the smart grid. In this work, we will analyse the state-of-the-art of smart grids, in their technical, management, security, and optimization aspects. We will also provide a brief overview of the regulatory aspects involved in the development of a smart grid, mainly from the viewpoint of the European Unio

Cross-disciplinary lessons for the future internet

There are many societal concerns that emerge as a consequence of Future Internet (FI) research and development. A survey identified six key social and economic issues deemed most relevant to European FI projects. During a SESERV-organized workshop, experts in Future Internet technology engaged with social scientists (including economists), policy experts and other stakeholders in analyzing the socio-economic barriers and challenges that affect the Future Internet, and conversely, how the Future Internet will affect society, government, and business. The workshop aimed to bridge the gap between those who study and those who build the Internet. This chapter describes the socio-economic barriers seen by the community itself related to the Future Internet and suggests their resolution, as well as investigating how relevant the EU Digital Agenda is to Future Internet technologists

E-finance-lab at the House of Finance : about us

The financial services industry is believed to be on the verge of a dramatic [r]evolution. A substantial redesign of its value chains aimed at reducing costs, providing more efficient and flexible services and enabling new products and revenue streams is imminent. But there seems to be no clear migration path nor goal which can cast light on the question where the finance industry and its various players will be and should be in a decade from now. The mission of the E-Finance Lab is the development and application of research methodologies in the financial industry that promote and assess how business strategies and structures are shared and supported by strategies and structures of information systems. Important challenges include the design of smart production infrastructures, the development and evaluation of advantageous sourcing strategies and smart selling concepts to enable new revenue streams for financial service providers in the future. Overall, our goal is to contribute methods and views to the realignment of the E-Finance value chain. ..