Analysis of the Secure Cloud Framework for Mobile Banking

Abstract

Many service-related tasks can now be completed swiftly and efficiently thanks to advancements in mobile communications. Mobile banking is one such solution that has eliminated the requirement for many ordinary transactions to be completed at a branch. Mobile phones can supplement the reach in a country like India, where the last mile is reached through brick-and-mortar banking facilities. This paper explains how a mobile cloud framework can be used for banking and customer services to improve the customer’s banking experience while also assuring data security. This article focuses on cloud-based risk design for banking products to address challenges such as processing speed and storage capacity in mobile banking. The system is evaluated using an improved random forecast technique. This proposed system fulfils 99% of the accuracy.