Abstract
Cloud computing is a rapidly expanding technology that every business today aspires to
incorporate into its operations to increase profitability and scalability. Because the public's
use of financial transactions is growing by the day, cloud computing is now being used in the
banking sector. Cloud banking has provided the most cost-effective money transmission with
the highest level of security. One of the key reasons for cloud computing's rapid expansion in
the banking sector is the highly secured environment.
The objective of this research is to render a more elaborated and complete understanding of
the issues and challenges related to Cloud security along with review study on various data
encryption schemes proposed for secure data sharing in Cloud. The critical literature analysis
provides more elaborated and complete understanding of the issues and challenges related
to Cloud security and provide major research directions for future to the researchers in
concerned areas.
In this study cloud computing in banking has been analysed in detailed manner with respect
to the Retail banking in UK handling customers data and transactions, secured accesses,
advantages of secured cloud banking using encryption and decryption of data through the
Cryptography.
This study focuses on a critical component without which the entire system may collapse i.e.,
security! What are the most important components to secure the application? What impact
will cloud computing have on our computing experience? What role does cryptographic
encryption and decryption play in this? How do they function, and how will they keep our
data safe?
