Describe (at least three) core business services offered by a bank; 2. Provide a brief description of security and privacy needs in relation to the bank's core business services; 3. Explain the bank's needs for ict workload types (batch, transactional and analytics); 4. Describe how banks benefit of using cloud technologies;
Answers
Explanation:
The three core business services that are offered by the bank are
- Money Transactions
- Loans
- Mortgages
Provide a brief description of security and privacy needs in relation to the bank's core business services;
1. Security and privacy are the core requirement of the banks, but in order to increase the productivity of the banks services introduction of computer and internet has become vital.
2. The online banking for fast transaction based on the consumer demands, the HTTPS secured system has been incorporated for safe browsing and transaction. Cloud services of internet are used for collecting of data and documents safely on large scale. Laws related to the property and data varies globally with access account to maintain privacy.
3. Work frame of the traditional banks related to batches that should be trained with the modern techniques and utilities. The transaction of the banks and analytics of the traditional banks should be upgraded to the new technicalities in each branches of the bank from each state.
4. Fast and accurate bank transaction are the benefit of cloud technologies.