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Abstract
In this contemporary world technology creeping everywhere, banking sectors is no exception. This study looks the way forward into those technological advancement in banking sector especially the cloud banking. The technical impediments came across in the past and the challenges to be faced in the futuristic phenomenon. The author also discusses the factors affecting contemporary banking sector in terms of technology and employments, the impact of cloud banking in the future. It also explores various technologies which are emerging in future in the field of banking. It not only discusses the technological impediments, also confidentiality of data, and prevention of data from intruders, hackers and crackers. The roll of cloud platforms in modern banking system and data theft prevention policies.