All commercial application developed
(irrespective of the programming environment used) are to business models.
Applications help to computerize business models. It is the computerization
process that empowers a business model to capture, validate, store and
manipulate business data at the highest speed possible. A microfinance Banking
business model has business processes that manipulate data associated with
savings accounts, current account, deposits and withdrawals for each type of
account, fixed deposits, and loans and so on. There business processes are in
some way associated with money transaction since money is the core product of
this business model. The project which looks into the development of Banking
Model was deigned to process the customer registration, generate new account
number give report in a faster and more efficient way with the use of computer.
VB 6.0 was used to develop and implement the system.
TABLE OF CONTENT
Statement of the problem
1.3 The aim
and objective of the study
1.4 Scope of
of the study
1.6 The significance
of the study
of terms 8
2.1 Bank definition
invention of banking and coinage 12
Historical development of computer technology in banking industry 13
Introduction of banking model system
2.6 The effect
of banking model 15
Analysis of existing system operation 18
Important and limitation of existing system
Government legislation concerning the system 20 CHAPTER
3.0 System analysis 22
3.1 Analysis of existing system 23
3.1.1 Saving account 24
3.1.2 Current account 24
3.1.3 Fixed deposit account 25
3.1.4 Withdrawal operation 25
3 .1.5 Balance enquire 27
3.1.6 Lending operation 28
3.2 The computerize system 29
4.0 System design, implementation, documentation
and evaluation 30
4.1 Menu specification 31
4.2 File design 32
4.3 System implementation 33
4.4 Programming 33
4.5 Installation 34
4.6 Program testing 36
5.0 Summary 42
5.1 Recommendation 43
5.2 Conclusion 44
Source Code 47
Banking in Nigeria is
said to have a long history since Nigeria become independent in 1960. According
to history in 1872, the Africa Banking Co-operative Stated her operation in
Lagos, Nigeria. The Operation of cooperation was transferred to the Bank of
British of West Africa.
However, as the
populations of Nigeria citizens begin to increase the Banking System begin to
encounter some predicaments due to the manual mode of banking operation. The
document in technology made it possible for banks to overboard the problem of
manual processing poor decision making and the problem of inter connection
within the banking sector which welcomes a full automated processing system
such as networking system for banking transaction, information technology,
which enhanced the decision-making process and alternative delivery channels.
Which includes Mobile Banking Online Banking, PC Banking and the use of ATM
(Automated Teller Machine)?
In recent years,
significant technology advances have been made in the field banking, both in
Nigeria and in International level. The penetration of such technology in
business has been limited especially in countries where the majority of their
business re small or medium. The effort to adopt E-banking or E-Business
technology and solution has targeted the end consumer (Business – To consumer)
BTC, and more rarely takes into account real (Application-To-Application) ATA,
a field that is bound to make an impact in speed, security and accuracy of
business transaction and will ultimately boost the adoption of E-Banking
Despite the rising pace
at which information technology is being deployed, the majority of several
millions of daily transaction among the above entities are skill carried out in
the traditional manners i.e. the manual made the sending the various
transaction documents through mail or fax, manually inserting data in
enterprise resource planning (ERP) or customer relationship management (CRM)
application or at best, manually filling on-line web pages offered by bank or
Government Agencies based on the above inadequacy and on the absence of enlightening
Approaches at the same
level, most of the companies (Banks) a waste significant effort and resources
while not entrusting the internet and current bank-to-bank (BTB) or
bank-to-customer (BTC) application for their transactions.
It took the entire
industry several years of developments to achieve reliable, secure, convenient
and efficient BTC transaction through the web. Business application
inter-connection is a far more difficult task, how different proprietary
internal system for accounting, order processing, and supply-chain management
be modified to exchange data through the web reliably securely and in a
standardized open way, so that a custom solution for each business
relationships is not required.
STATEMENT OF THE PROBLEM
Through the banking
sector is one of the most profitable sector of economy high performance could
be measured in terms of their returns, an obligation to the society. The
decline in performance of the Nigeria Banking system is due to the array of
problem in their day-to-day transaction which is not reliable; secure efficient
and relationship between their customers. It is not giving their customer the
right treatment that they need.
The magnitude of this
problem, brings about a research project among to develop a standardized way of
doing transaction safe it an efficiently between business entities. And also
interconnect them with Government information system.
In order to test the
system spastically however it is formulated in testable form with operation.
Definition of the banking model relationship as a statistical tool for research
work i.e. Hypothesis Hi.
The null and the
alternative hypothesis are either true or false which allow us to consider just
two actions and the outcome for each hypothesis depending on whether it is true
or false. The hypothesis carried out shows that keeping on-line customers is
worth the effort, because keeping on-line customers increase banks
profitability. They are often assumed to be more profitable than off-line
customers, because they are better educated and earn higher incomes, still a
study controlling for this self-selection bias shows that the internet channels
alone increase a customer’s profitability to the bank by impressive percent.
Ho means there is no
significant profitability effort for the on-line customers or end users.
Hi means there is
significant profitability for the on-line customers or end users.
THE AIM AND OBJECTIVE OF THE STUDY
The aim and objective of
these research project is to develop and pilot deployment of the necessary
methodologies, technology infrastructures, business and set up that will allow
the average Nigeria to carry out a significant portion of its business
transaction (Banking and Transaction) over the internet through the
interconnection of enterprise resources planning (ERP) applications between
enterprises, banking institution and the public sector.
the general aims and objective are:
design and develop an easy, adaptable
and financially alternative solution for the average Nigerian small or
medium enterprises and the public by
hiding the complexity of the E-Banking system from the regular user and
developing a low cost product.
study and emphasis on the particular important issues of data and transactions
security as well as the protection of interchanging parties through modern
continues-dissemination of the methodologies and the technical know how that is
developed through the project towards both the academic and industrial worlds,
in the form of scientific paper publications, international conference
presentations and workshop bringing together field experts.
1.3 THE SCOPE OF THE STUDY
The scope of the study is
to cover some of the loop holes that can be seen in the Banking model for the
past years which their customers has been finding it difficult to use in a
correct manner, security and ease-of- use may be odds, for example, strong
passwords provide security but are difficult to remember by the users.
The study also covered and lay
emphasis on the causes of banking model which are:
1. HCI Design: Design
and implement for user interface for banking model client, such as bundling of
a set of payment, one-time task, such as installation of a digital signature
2. Account number validation: The system should be able to validate
the number typed by the users.
3. Reduce the number of repetitive
tasks, the number of codes, passwords that the users required to remember.
4. To provide god explanation of
5. Design conventional banking model
client that is a client they runs in a PC browser and uses a signature file for
6.Stimulate a password generator such as active card.
LIMITATION OF THE STUDY
During the course of the study, there
are some problems that was encounter which may lead to the insufficient and
inefficient execution of the study, they are:
was very difficult for the bank manager that I was interviewing to give me the
right information that I need from the company.
required materials needed to carryout this research are not currently available
due to the financial status of the researcher.
is very difficult due to time constraint which is not enough for me to gather
enough information on the project.
1.5 THE SIGNIFICANCE OF THE STUDY
The significance of this study is to
satisfy customer which serve as
pre-requisite for customer retention, moreover the reason is that cost of
acquiring new customers is high but the profitability that they stay is quit
low, which may lead to switch from their banks to another when the website or
the application does not meet the customer need.
However, the study is to make sure
that the e-banking users are less likely to leave their bank. The system appears
to be the retail channel. I.e. especially prominent in cultivating customer
loyalty. And the household users are better informed and more actively involved
in financial affairs than on-line users that do not use their bank website.
Therefore, they should be able to
convince more of their customers to go on-line than affairs by guarantees of
crucial security and relatively cheapest fees for E-banking system.
DEFINITIONS OF TERMS
the remote delivery of new and traditional banking products and services
through electric delivery channel.
§ E-MAIL SERVER:-
A computer that message e-mail traffic
§ ENCRYPTION:- A
data security techniques used to protect information from unauthorized
inspection or alteration.
§ FIREWALL:- A
hardware or software link in a network that relays only data packets clearly
intended and authorized to reach the other side.
§ CHECK DIGITS: - A digit in an accounts number that is calculated from the other digit in
the account number and is used to check the account number correctness
the method of verifying a person’s identify by analyzing a unique physical
attribute of the individual e.g. fingerprint, retinal, scanning.
§ BANKING MODEL: - it has business that manipulates data associated with savings accounts,
currents account, fixed deposits, loan and so on.
server (Domain name service server):- A computer that determines internet
protocol (IP) numeric address from domain names presented in a convenient,
§ ACCOUNT AGGREGATION: - A server that gathers information from many website, present that
information to the customers in a consolidated format and in some cases may
allow customer to invite activity on the aggregate account.
§ ACCOUNT MANAGEMENT:- Activities such as balance inquire statement balancing transfers between
the customer’s account at the financial institution maintenance of personal
§ BILL PAYMENT:-
An E-banking application where by customer’s directs the financial institution
to transfer funds to the account of another person or business. Payment is
carried out by ACH credit or by the institution (or bill payment service) by
sending a paper cheque on behalf of the customer.
§ DIGITAL CERTIFICATION: the electronic
equivalent ID cards that authenticates the originator of a digital signature.
§ HTML:- Hypertext mark-up language a
set of codes that can be inserted into a format require for used by another
system or application.
§ HYPERLINK:- An item on a webpage,
that when selected transfer the user directly to another location, a hypertext
document or to another webpage, perhaps on a different machine.
§ INTERNET SERVICE PROVIDER (ISP):- A company that provides it customer’s with access to the
Computer programme that translate information from a system to another or
application into a format required for use by another system or application.
§ KIOSK: - A
publicly accessible computer terminal that permits customers to directly
communicate with the financial institution via a network.
§ PASSWORD: - A
secret sequence of characters that is used as a means of authentification.
§ PATCHING: - Software
code that replace or updates other code. Frequently patches are used to correct
security flaws. Suspicious activity report (SAR). Reports required to be filled
by the bank secretary. When a financial institution identifies or suspects
§ SERVER: A
computer or other device that manages a network to server.
§ ROUTER: - A
hardware device that connects two or more network and routes incoming data packets
in the appropriate network.
§ URL (UNIFORM OR UNIVERSAL RESOURCES LOCATION: - A way of specifying the location
publicly information is available.
§ Virus: -
Malicious code that replicates itself within a computer.
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