Q 1614856759.     The emergence of a cloud based banking will affect banks big
and small. Banks are expected to spend almost$ 180 billion on
IT this year. A1 present, cloud based services make up a (111)
fraction of this amount but some ,estimates (112) by financial
services firms on the cloud will (113) $ 26 billion in 2015. This
increase should (114) barriers to entry for newcomers which can
(115) modern IT infrastructure at monthly fees of less than $
10000 (116) having to invest tens of millions of dollars upfront
(117) build their own secure data entries and it should (118)
enable big banks to become much more cost of (119). Small
firms without traditional computer systems to maintain are the
fastest: movers. (120) can type documents, run spreadsheets and
read e-mails in the cloud. Keeping track of clients, payments and
loans can be done on a cloud computing platform using a
specially banking software.
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