Cloud financial services are flourishing and potentiality of community banking is increasing! We are using analogue finance in our digital system! Our financial system is based on some decisive ideas which need a high cost carriers (Banks & Intermediaries) and designed to serve a specific interest group (Capitalist). Capital deprives the real producers from its real 'profit' and exploit surplus productions through Financialization.
System cost of our financial system is very high and it could be reduced significantly through restructuring the system itself by utilizing technological advantages. Community banking may be the right solution against the exploitation of corporate capital. Considering utility, productivity and cost, cloud based community banking has all the ingredients to serve us efficiently within our changing digital phenomena. Recent past financial system failure has created the ground very well!