Cloud Computing in Financial Services

Financial institutions need to increase revenues, decrease cost and be compliant in these difficult times. To meet all these challenges they need to consider disruptive innovations. Cloud computing is one of them. It helps in introducing innovative services, re-engineer processes, improve agility and optimize value. The book analyses in depth the cloud computing model and its current and potential use in financial services. Cloud Computing can change the paradigm of the financial institutions. the word "Bank" comes from the Italian word "Banco", since in the 1300s banking was one on a desk in the streets. The new "banco," the new "desk," will be cloud. Financial institutions must use the model of Cloud Computing for their transformation to a new paradigm. This book is a blend of academic research, consultancy practice and case studies. It helps in considering opportunities and risks, optimize vendor relationships and organize for the best.

BERNARDO NICOLETTI was born in Salerno, Italy. He graduated from the Polytechnic School of Turin, Italy and has an MSEE from Carnegie Mellon University, Pittsburgh, PA, USA. He worked for GE Capital, as Group CTO, and AIG, with assignments in Italy, UK, USA and Argentina. Currently he is a professor of IT Procurement at the Master in Procurement of the University of TorVergata, Rome, Italy and provides consultancy in Europe and Asia on IT Strategy, Organization and Procurement.
In all his positions, Bernardo has been particularly active in the application of Lean Six Sigma to Financial Institutions. He calls his approach "Lean & Digitize" and over time has developed a specific methodology as a way to reduce costs and improve quality, bringing value to the Business.He is the author of 20 books on Management, published in Italy, and one to be published in 2012 by Gower Press on Lean and Digitize. He has been a frequent speaker in International Conferences and published 200 articles in domestic and international Reviews.

The Transformation of Financial Institutions
Cloud Computing
Cloud Computing in Financial Institutions
Controls on Cloud Computing
The Future of ICT in Financial Institutions
Case Study: A Large European Bank
Conclusions
Glossary
Bibliography