Cloud technology among banks and other financial institutes have created huge amount of marketing hype since its early stages. Financial sector is majorly adopting cloud owing to its cheap costs, high requirement for data storage, and easy availability of cloud in the market. Further, with the rise in online transactions of banking activities, global digitization, and customer satisfaction have fueled the growth of finance cloud during recent years. However, adoption of cloud-based services in financial sector is partial as these institutes require high data security, authenticity, and complete control over the data, which is not completely offered by cloud computing.