08-17-2017, 12:26 AM
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CORE BANKING/ONLINE BANKING-FULL REPORT WITH SORCE CODE
ABSTRACT
Financial Institutions plays a vital role in development of any country. Each financial institution has to follow the rules of the country mother bank. The policy of any mother bank is to facilitate the nation and holding reserves and generate currency for its country. In this paper we are going to discuss and implement a system that helps our nation to draw or deposit money in more conventional way. This system is the combination of old and newly proposed cheque system, using computer technology this system is much more faster, secure and provide confidence.
The project entitled Online Banking " is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller.
Thousands of banks performs millions of transactions every day and thousands of users follow the almost the same banking system. As we know that if number of users increases
we need more banks and more staff it means we have to put more money in this system. If we developed advanced computerized based banking system so there is no need to open new branches in remote areas or same branch provides services to other banking system E.g ATM system.
Banking system requires authenticity and validity if a system provides these basic logic that mean we can developed a new system that authenticate and validate the user and user
can do any type of virtual transaction any time any where in minimum amount of time. One of the most authentic codes for recognition of any person is signature. It always appear on almost all types of documents, such as property documents, bank cheques, and credit slips, thus signature has a great importance in our daily life, therefore automatic signature verification is important in the field of document analysis and processing for which a lot of work has been done in the past
Online transaction:. An online transaction is the execution of a program that performs an administrative or real-time function, often by accessing shared data sources, usually on behalf of an online user (although some transactions are run offline in batch). This transaction program contains the steps involved in the business transaction. This definition of an online transaction is important because it makes it clear that there is far more to this topic than database transactions
The project entitled Online Banking " is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller.
Thousands of banks performs millions of transactions every day and thousands of users follow the almost the same banking system. As we know that if number of users increases
we need more banks and more staff it means we have to put more money in this system. If we developed advanced computerized based banking system so there is no need to open new branches in remote areas or same branch provides services to other banking system E.g ATM system.
Banking system requires authenticity and validity if a system provides these basic logic that mean we can developed a new system that authenticate and validate the user and user
can do any type of virtual transaction any time any where in minimum amount of time. One of the most authentic codes for recognition of any person is signature. It always appear on almost all types of documents, such as property documents, bank cheques, and credit slips, thus signature has a great importance in our daily life, therefore automatic signature verification is important in the field of document analysis and processing for which a lot of work has been done in the past
Online transaction:. An online transaction is the execution of a program that performs an administrative or real-time function, often by accessing shared data sources, usually on behalf of an online user (although some transactions are run offline in batch). This transaction program contains the steps involved in the business transaction. This definition of an online transaction is important because it makes it clear that there is far more to this topic than database transactions