DESIGN AND IMPLEMENTATION OF ONLINE BANKING SYSTEM (A CASE STUDY OF FRESH SAVINGS AND LOANS BANK)

CHAPTER ONE

1.1 INTRODUCTION

Design and implementation of online banking system, a case study of fresh savings and Loans Bank.

The greatest innovation that has taken place in the twentieth century is in the realm of information Technology. This is currently made possible by the introduction of the digital computers which has been observed in the field of communication to be increasingly inseparable from communications. These linkages often referred to as convergence is driven by technology and amplified by business trends. Faster growth in network systems that use communication links to connect subsidiary system nodes which may send and receives, direct and redirect information.

Talking of the internet a couple of years ago would have sound like a fairytale but today the internet is pervasive in almost every field of human Endeavour changing the fundamentals of how we conduct national as well as international businesses. Few years of its existence, the internet has shown that it can deliver the long sought after goal of electronic commerce.

1.2 STATEMENT OF PROBLEM

In banking industries today, queuing has become the order of the day, customers line up for hours waiting to withdraw or deposit money. This creates a lot of problem to both customers as they waste their useful time in the banking hall. The management also wastes their time as they run around to find solution to those problems.

1.3 OBJECTIVES OF THE PROJECT

To improve in the speed, effectiveness, efficiency and convenience in business transaction.

To design and implement a computer software to solve this problem and rendering the services.

To design a friendly website that graphically advertises goods and services provided by the institute on web pages.

1.4 SCOPE OF THE PROJECT

This project will provide an online banking database using MySQL database for May fresh Bank that can be accessed wireless from any branch area at any time. It features both GSM based wireless database access and Internet based wireless access for WAP enabled cell phones. Other features include ability to receive feedback wireless from any stakeholder and also the ability to provide answers wireless to frequently asked questions and other inquiries. It is hoped that its wireless database access feature would greatly enhance the operational capacity of May fresh Bank in a cost effective manner.

1.5 LIMITATION OF THE STUDY

Hard time is not a new phenomenon to an ordinary Nigerian but to the student researcher, it is even worse. Time and finance posed a lot of constraints to the work.

Consequently, difficulties were encountered during the collection of primary data. Most of the administrators, system engineers and clerks visited reluctantly refused interview for one reason or the other and being referred to, the organization from one personnel to the other not excluding even security men.