Use of Mainframe and Cloud Technologies by a Banking Enterprise Paper (Term Paper Sample)

Usage of Mainframe and Cloud Technologies by a Banking Enterprise
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Table of Contents TOC \o "1-3" \h \z \u 1. Introduction PAGEREF _Toc19621023 \h 32. Core business services offered by a bank PAGEREF _Toc19621024 \h 32.1 The core business services offered by a bank PAGEREF _Toc19621025 \h 32.2 Privacy and security needs in relation to the bank’s core business services PAGEREF _Toc19621026 \h 33. Bank’s needs for ICT workload types PAGEREF _Toc19621027 \h 43.1 How banks use ICT batch workload type PAGEREF _Toc19621028 \h 43.2 How banks use ICT transactional workload type PAGEREF _Toc19621029 \h 43.3 How bank use ICT Analytics workload type PAGEREF _Toc19621030 \h 44. Benefits of using cloud technologies in banking sector PAGEREF _Toc19621031 \h 44.1 How banks benefit of using cloud technologies PAGEREF _Toc19621032 \h 44.2 A description linking one or more cloud services to one or more ICT workload types used in banking PAGEREF _Toc19621033 \h 55. Why major banks use mainframes PAGEREF _Toc19621034 \h 55.1 Brief description of why banks use mainframes PAGEREF _Toc19621035 \h 55.2 A description linking one or more mainframe technologies/services to one or more ICT workload types used in banking PAGEREF _Toc19621036 \h 56. Conclusion PAGEREF _Toc19621037 \h 5References PAGEREF _Toc19621038 \h 7
1. Introduction
Banks are the most important elements of financial systems that are crucial for the economic growth of any country and these financial systems need to be efficient enough to deliver their mandate with the support provided by information technology. The banking industry like the other economically dependent industries world over has experienced various technology/computing regimes over the last decades and continue to face the pressure of adapting to newer and better computing slants like the mainframe and cloud computing. It is acceptable that mainframe and Cloud computing symbolize the prospect transformational phase in computing (Linthicum, 2018). Years back, the mainframe period initiated computing era that took almost 20 years and ultimately resulting in the server/client period with the enterprises then localizing more staff in branch workplaces a phenomenon that lead to Internet computing. Currently, banking enterprises find themselves in the midst of another transformation which is the shift to mainframe and cloud computing to handle complex financial transactions and curb security threats that may result from other operational approaches.
2. Core business services offered by a bank