26-11-2010, 04:37 PM
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INTRODUCTION
A network of commercial, savings and specialized branches that provide financial services, including deposits and providing loans and investment facilities. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities. Banks are a fundamental component of the financial system, and are also active players in financial markets. The essential role of a bank is to connect those who have capital (such as investors or depositors), with those who seek capital (such as individuals wanting a loan, or businesses wanting to grow).
SERVICES
STANDARD ACTIVITIES
Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM.
Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending.
Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account.
WIDER COMMERCIAL ROLES
The commercial role of banks is not limited to banking, and includes:
* issue of banknotes (promissory notes issued by a banker and payable to bearer on demand)
* processing of payments by way of telegraphic transfer, EFTPOS, internet banking or other means
* issuing bank drafts and bank cheques
* accepting money on term deposit
* lending money by way of overdraft, installment loan or otherwise
* providing documentary and standby letters of credit (trade finance), guarantees, performance bonds, securities underwriting commitments and other forms of off-balance sheet exposures
* safekeeping of documents and other items in safe deposit boxes
* currency exchange
* acting as a 'financial supermarket' for the sale, distribution or brokerage, with or without advice, of insurance, unit trusts and similar financial products
CHANNELS
Banks offer many different channels to access their banking and other services:
* A branch, banking centre or financial centre is a retail location where a bank or financial institution offers a wide array of face-to-face service to its customers.
* ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users. For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the bank's account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank.
* Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties. Banks also normally use mail to deliver periodic account statements to customers.
* Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e.g. for electricity).
* Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website.
* Mobile banking is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network.
BUSINESS CYCLE
A bank can generate revenue in a variety of different ways including interest, transaction fees and financial advice. The main method is via charging interest on the capital it lends out to customers. The bank profits from the differential between the level of interest it pays for deposits and other sources of funds, and the level of interest it charges in its lending activities. This difference is referred to as the spread between the cost of funds and the loan interest rate. Historically, profitability from lending activities has been cyclical and dependent on the needs and strengths of loan customers and the stage of the economic cycle. Fees and financial advice constitute a more stable revenue stream and banks have therefore placed more emphasis on these revenue lines to smooth their financial performance.
OBJECTIVES
THE OBJECTIVE is to prepare a software or application, which could maintain data & provide a user friendly interface for retrieving customer related details just in few seconds, with 100% accuracy. Software is completely computerized, so it is not time consuming process. No paper work required & can be implemented further. The application should also facilitate the addition of new Customer A/c, deletion of A/c& modification of existing customer A/C. To Search for every individual accounts for a particular customer, show all transaction & any account should be opened with minimum Rest. 500 etc.
OBJECTIVES AND GOALS
The objective & goals of the proposed system are:-
*To allow only authorized user to access various functions and processed available in the system.
*Locate any A/C wanted by the user.
*Reduced clerical work as most of the work done by computer.
*Provide greater speed & reduced time consumption.
*To increase the number of A/C and customer. This will reduce the manual workload and give information instantly. The software will maintain the list of A/C and customer record and balance status.
*The software will be user friendly so that even a beginner can operate the package and thus maintain the status of A/C and balance status easily.
The Project Banking system has been made to automate the Banking system being followed by a banking company that deals in current account with or without check facility.
Administrator can check A/C’s with a login & password & can work out with A/C holders of the bank can withdraw/deposit cash/cheque/DD to/from their accounts.
To enable faster transactions like
New account creation.
Withdrawal of cash Deposits of cash or cheque Checking of Account balances by account holders by admin Transaction records in the form of reports.
The project makes a sincere effort to provide all the above mentioned features to meet the requirements of the bank.
SCOPE OF THE PROJECT
The first software project management activity is the determination of software scope. Scope is defined by answering the following question.
BANKING SYSTEM
INFORMATION OBJECTIVES: What customer visible data objects are produced as output from the software? What data objects are required for input?
The main information that needed in developing AFM module is the amount to be charged from each person or company and to determine the quantity and amount per object.
FUNCTION AND PERFORMANCE: What functions does the software perform to transform input data to output?
In this project (Banking System), the Visual Basic 6.0 (VB 6.0) is used as front end and Microsoft Access is used as back end. The details of all the clients would be written in Microsoft Access. But whenever the project is run in VB, data entered in MS Access appears in VB due to connectivity, which has been implemented between VB and Access.
Software scope must be ambiguous and understandable at both the management and technical level.
INTRODUCTION
SCOPE DEFINITION OF BANKING SYSTEM
A network of commercial, savings and specialized branches that provide financial services, including deposits and providing loans and investment facilities. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities. Banks are a fundamental component of the financial system, and are also active players in financial markets. The essential role of a bank is to connect those who have capital (such as investors or depositors), with those who seek capital (such as individuals wanting a loan, or businesses wanting to grow).
SERVICES
STANDARD ACTIVITIES
Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM.
Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending.
Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account.
WIDER COMMERCIAL ROLES
The commercial role of banks is not limited to banking, and includes:
* issue of banknotes (promissory notes issued by a banker and payable to bearer on demand)
* processing of payments by way of telegraphic transfer, EFTPOS, internet banking or other means
* issuing bank drafts and bank cheques
* accepting money on term deposit
* lending money by way of overdraft, installment loan or otherwise
* providing documentary and standby letters of credit (trade finance), guarantees, performance bonds, securities underwriting commitments and other forms of off-balance sheet exposures
* safekeeping of documents and other items in safe deposit boxes
* currency exchange
* acting as a 'financial supermarket' for the sale, distribution or brokerage, with or without advice, of insurance, unit trusts and similar financial products
CHANNELS
Banks offer many different channels to access their banking and other services:
* A branch, banking centre or financial centre is a retail location where a bank or financial institution offers a wide array of face-to-face service to its customers.
* ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users. For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the bank's account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank.
* Mail is part of the postal system which itself is a system wherein written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties. Banks also normally use mail to deliver periodic account statements to customers.
* Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e.g. for electricity).
* Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website.
* Mobile banking is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network.
BUSINESS CYCLE
A bank can generate revenue in a variety of different ways including interest, transaction fees and financial advice. The main method is via charging interest on the capital it lends out to customers. The bank profits from the differential between the level of interest it pays for deposits and other sources of funds, and the level of interest it charges in its lending activities. This difference is referred to as the spread between the cost of funds and the loan interest rate. Historically, profitability from lending activities has been cyclical and dependent on the needs and strengths of loan customers and the stage of the economic cycle. Fees and financial advice constitute a more stable revenue stream and banks have therefore placed more emphasis on these revenue lines to smooth their financial performance.
OBJECTIVES
THE OBJECTIVE is to prepare a software or application, which could maintain data & provide a user friendly interface for retrieving customer related details just in few seconds, with 100% accuracy. Software is completely computerized, so it is not time consuming process. No paper work required & can be implemented further. The application should also facilitate the addition of new Customer A/c, deletion of A/c& modification of existing customer A/C. To Search for every individual accounts for a particular customer, show all transaction & any account should be opened with minimum Rest. 500 etc.
OBJECTIVES AND GOALS
The objective & goals of the proposed system are:-
*To allow only authorized user to access various functions and processed available in the system.
*Locate any A/C wanted by the user.
*Reduced clerical work as most of the work done by computer.
*Provide greater speed & reduced time consumption.
*To increase the number of A/C and customer. This will reduce the manual workload and give information instantly. The software will maintain the list of A/C and customer record and balance status.
*The software will be user friendly so that even a beginner can operate the package and thus maintain the status of A/C and balance status easily.
The Project Banking system has been made to automate the Banking system being followed by a banking company that deals in current account with or without check facility.
Administrator can check A/C’s with a login & password & can work out with A/C holders of the bank can withdraw/deposit cash/cheque/DD to/from their accounts.
To enable faster transactions like
New account creation.
Withdrawal of cash Deposits of cash or cheque Checking of Account balances by account holders by admin Transaction records in the form of reports.
The project makes a sincere effort to provide all the above mentioned features to meet the requirements of the bank.
SCOPE OF THE PROJECT
The first software project management activity is the determination of software scope. Scope is defined by answering the following question.
BANKING SYSTEM
INFORMATION OBJECTIVES: What customer visible data objects are produced as output from the software? What data objects are required for input?
The main information that needed in developing AFM module is the amount to be charged from each person or company and to determine the quantity and amount per object.
FUNCTION AND PERFORMANCE: What functions does the software perform to transform input data to output?
In this project (Banking System), the Visual Basic 6.0 (VB 6.0) is used as front end and Microsoft Access is used as back end. The details of all the clients would be written in Microsoft Access. But whenever the project is run in VB, data entered in MS Access appears in VB due to connectivity, which has been implemented between VB and Access.
Software scope must be ambiguous and understandable at both the management and technical level.
