Fabric banking
- Fabric Banking
Objective
The main objective of the proposed solution is to be automated the various functions and activities of the bank through Internet. The solution will facilitate to the bank employees and the account holders with the different modules. This solution is very much necessary for the private sector banks and the corporate sector. The banking industry will take a new shape and explore like never before. Using the solution the bankers and account holders can generate various kinds of reports.
EXISTING SYSTEM
Existing system is running as semi automated system, the following problems we are faced through existing system.
Data Duplication: The same data gets repeated over and over since the workers find it hard to keep track of the documents, information and transactions
Lack of security: Since data is stored in filing cabinets it is freely available to anyone. if information falls into the wrong hands it can be used against the company and customers and can blackmail them.
Common errors: When entering data customers might have accidentally switched details and data since it is hand written.
Inconsistency of data: There will be unavailability for future use, since data might get misplaced during manual filing. So data won’t be preserved properly for future use.
Repetition of work: If there are any changes to be made, the data will have to be entered again. At times the worker would forget to make the changes or forget that they had already altered it and might redo it again, its again time consuming.
Too much paper work: Since everything and every detail are written down manually in paper there will be too much paper work!
Space consuming: Since the data and paper is stored in filing cabinets it consumes too much place, as the amount of work done on paper increases the filing cabinets too increases.
Slow retrieval of data: The information of customers and details are stored in different parts of the site and so takes a long time to retrieve the data. It takes a long time to find the information about a relevant person. In case of a Delivery, the delivery will be held back. This results in a sharp drop in sales, unhappy customers and a bad impression on the banks.
PROPOSED SYSTEM
There are a number of advantages and disadvantages to online banking services. First let’s start off with the advantages of online banking. First and foremost, online banking is very, very, very convenient. It will allow you to pay your bills and make transactions anytime during the day and the week. The bank will never close because you can access it through your laptop or computer. So, no matter in which country you are anywhere in the world, you can go online and handle your finances.
Secondly, online banking is very fast, effective and efficient. Over the Internet, you can make transactions that are typically executed and performed at a much faster pace than at ATM’s. Online banking services also give you the option of handling several different bank accounts from one site itself. Most online banking sites are compatible with programs like Microsoft Money and Quicken, which makes management of assets more effective.
MODULES:
- Admin Module: This module manages high level staff, branches and generates the reports
- User Module: This module work for customers operations like new account, teller, transaction details, requests, bill payments
- Manager Module: Manage all types of requests, maintaining all customers transactions and generate reports
- Reports Module: In this module generate reports for administrator, managers and customers with respective their access levels
SOFTWARE SPECIFICATION:
Operating System : Windows XP or later
Database : MS SQL Server 2005 /2008
Web Technologies : HTML, CSS, Java Script, ASP.NET with
C#.NET
IDE & Tools : Microsoft Visual Studio .Net-2008
HARDWARE SPECIFICATION:
Processor : Pentium IV
RAM : 1 GB
Hard Disk : 40GB
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