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An Experimental Validation of Public Cloud Mobile Banking

Daramola, Olawande and Olajide, Folake and Adewumi, A. O. and Ayo, C. K. (2014) An Experimental Validation of Public Cloud Mobile Banking. Research Journal of Applied Sciences, Engineering and Technology, 7 (24). pp. 5304-5314. ISSN 2040-7467

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Currently, financial institutions incur huge expenditure to implement and maintain mobile banking (m- Banking) solutions and this cost is bound to rise significantly, as more customers subscribe to m-Banking services. Cloud computing has potential to facilitate reduced cost, high scalability and a variable cost structure that could guarantee cheaper, reliable and sustainable m-Banking in the long term. While the adoption of organizational private clouds seems natural for banks because of the sensitive nature of banking transactions, some have argued for the adoption of public clouds as a better alternative, despite concerns on issues such as trust, security and privacy. However, there is lack of sufficient empirical evidence in the literature on the suitability of public clouds for m- Banking. Hence, this study presents an investigation of the use of public cloud for m-Banking. A prototype cloud- based m-Banking application was developed using a public platform-as-a-service (Paas) cloud model, which was evaluated for usability and robustness in a controlled experiment. The evaluation result shows that m-Banking on public cloud is viable, if the cloud-based application is sufficiently robust and usable. The result also indicates that m-Banking services on public cloud are suitable for adoption by the banking industry.

Item Type: Article
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science
Depositing User: Mr Adewole Adewumi
Date Deposited: 16 Apr 2015 14:30
Last Modified: 15 May 2017 09:10

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