BANKNET CONFERENCE ON BANKING ON THE CLOUD - FUTURE DIRECTIONS
NEW DATES TO BE ANNOUNCED SOON Banknet has launched First ever Survey in India on Cloud Computing in Banking. This industry initiative is to understand the perspective of bankers on adoption of cloud computing in the Indian banking sector. Individual responses will remain strictly confidential. If you complete the survey, you will receive a free copy of the report based on this survey. To partcipate online Click here The cloud market in India has rapidly evolved in the last two years. Indian market has thus become “strategic” for many of the top cloud vendors across the world. However most banks in India are wary of the risks and are closely watching from the sidelines, waiting for clear answers to security, data privacy and regulatory issues. Few are simply waiting others to take the lead. There is also a growing interest for Cloud Technology in small-scale banks, RRBs & cooperative banks as they are not always able to make an upfront investment on core banking solutions. With cloud’s pay per use, the small banks won’t have to worry about investing in infrastructure & skilled manpower. Globally, Banks are starting to use cloud computing technologies particularly for mobile applications, innovation testing and micro-banking. Initially banks seem likely to move non-core business applications to the Cloud. Banks are making private clouds their first priority in moving to a cloud-based application and data access model. In the coming times, banks may leverage Hybrid Cloud architecture to realize benefits (cost, speed and efficiency) while balancing requirements (security, compliance, quality of service) across various business functions. KPMG report says that the global market for Cloud Computing will grow from $109 billion in 2012 to $206.6 billion in 2016. It is expected to grow @ CAGR of 30% reaching $270 billion in 2020. A recent IDC study says that during the period 2013-16, the Indian cloud computing market will grow @ 50% every year. And cloud computing will generate over 2 million jobs in India by 2015. CONTACT US You can mail us for partnership /stall/ participation queries at conference@banknetindia.com Related Articles Cloud computing gives a long-term competitive advantage.... Read article Cloud to transform the banking experience and relationship for customers.... Read article ABOUT US Banknet Conferences are the pioneers and leaders in organizing Financial services and Technology Conferences in India. For last 8 years Banknet has been providing a neutral platform for Financial services & IT industry through highly focused conferences, seminars and workshops, forums and roundtables. Banknet Conferences has brought more than 150 CEOs, CTOs and Business Heads as speakers/panelists from Ministry of Finance, RBI, IDRBT, NPCI, IIB, Nasscom, IIM Ahmedabad, WE, NMIMS, KPMG, McKinsey, Delloitte, Major PSU, private, foreign & cooperative banks and technology vendors globally. Banknet Conferences had been supported by more than 100 major IT Companies and Financial Institutions from 12 countries. More than 5,000 from 900+ Financial Institutions /Companies from 26 countries have been represented at Banknet Conferences. Banknet Group is India’s leading research, analyst and online media channel for financial services and technology with community of nearly 1,25,000+ professionals worldwide .With experience spanning the last decade Banknet is associated with premier industry associations, business schools & global financial community. Banknet Group Advisory Board has 15+ members based out of India, Hong Kong, Mauritius, Oman, UK and USA and have worked in Top management positions and are alumni of prestigious educational institutes.
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