Evaluation of the Use of Cloud-technologies in Russian Banks During the Crisis

Alexey V. Bataev
Additional contact information
Alexey V. Bataev: Graduate School of State and Financial Management, Institute of Industrial Management, Economics and Trade, Peter the Great St. Petersburg Polytechnic University, Saint-Petersburg, Russia.

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 1, 123-128

Abstract: The paper considers consequences of the global economic crisis and the Western sanctions imposed on the banking system of Russia. Banks have to decrease the expenses in the conditions of limited access to financial resources and decline in business activity. Cost reduction by financial institutions can be provided going to innovative models of the development, therefore the article discusses the possibility of Russian banks to use cloud technologies. The tendencies and perspectives of the Russian and global cloud computing market development, the basic model of cloud services are reviewed. The analysis of the factors is not allowing providing rapid implementation of cloud-technologies in the Russia's banking sector is carried out.

Keywords: Economic Crisis; Cloud Computing; Internet Technology; Financial Institutions; The Types of Cloud Services (search for similar items in EconPapers)
JEL-codes: G01 G21 O33 (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/3321/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/3321/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-01-18

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().