Cloud computing leverages a distant server to store, handle, and process data via the internet, replacing the need for a local server. It encompasses a range of services, such as servers, storage, databases, networking, and software, accessible through the internet. This technology brings several benefits to banks and financial institutions, including secure storage, seamless interoperability, and uninterrupted availability, without the need for substantial investments. Moreover, cloud technology empowers businesses with substantial computing capabilities, enabling them to scale and improve their services to meet the ever-growing demands of users.