Innovative Forms of Financial Institution Management: Cloud Automated Banking Systems

At the present stage, another form of cloud computing is being developed in the financial sphere. It is a cloud automated banking system that forms a new paradigm in the management of a financial institution. The paper examines the perspectives for implementing cloud automated banking systems in Russia and in the world. In this regard, the paper analyzes the world and Russian markets of cloud computing at the current stage of development. The scope of cloud technologies application in the financial sphere is investigated; an emphasis is placed on the use of cloud automated banking systems. In addition, a comparative analysis of cloud banking systems application in the world and Russia is conducted. The architecture of a cloud banking system, which allows to provide new forms of financial institution management, is analyzed. In the final, the research in the field of economic efficiency of the cloud banking system in comparison with the traditional automated banking system is carried-out.