She showed a lot of openness in her approach and I would like to thank her for her support in a way that has lead to proper & effective learning. Secondly we would like to thank Miramar Amanda the senior officer of SIB. For spending his precious time for my project and giving me ample of good ideas about the project. Last but not least we are grateful to all ours family members & friends for being our side always. Without their alp and Motivation it would have been impossible to complete this project.
Executive Summary “E-banking”- The execution of financial services via internet, reducing cost and increase in convenience for the customer to access the transaction. E- banking is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and- mortar institution. The following terms all refer to one form or another of electronic banking: personal computer (PC) banking, Internet banking, virtual banking, online banking, home banking, remote electronic banking, and hone banking. PC banking and Internet or online banking are the most frequently used designations.
It should be noted, however, that the terms used to describe the various types of electromechanical are often used interchangeably. The ever increasing speed Of internet enabled phones & personal assistant, made the transformation of banking application to mobile devices, this creative a new subset of electronic banking i. E. Mobile banking. In 1 999 & 2000 mobile banking as an established channels, still seems to be a distant prospect. The internet is revolutionized the way the financial industry conducts cuisines online, has created new players who offer personalize services through the web portals.
This increase to find new ways and increase customer loyalty to add the value to this product and services. Banks also enables customers lifestyle needs by changing and increasing preference for speed and convenience are eroding the traditional affinity between customer and branch offices as a new technology disinter mediates traditional channels, delivering the value proposition hinges on owing or earning the customer interface and bringing the customer a complete solution which testifies their needs.
Smart card is a new trend which provides the opportunity to build an incremental revenue stream by providing an ideal platform for extended application and services. Banks are well positioned to play central role unit in future M-commerce market. Banks have strong relationships with corporate and business customers and a wide experience in providing them with Corporate banking services. Bank provides a multimedia of small and large retailers with acquiring functionality in credit card transactions. Customers have trusted relationships with banks and a rower propensity to switch banking providers.
Table of Content C] Introduction Types of E-Banking CLC Project scope C] Objectives of the proposed system 0 Feasibility study CLC Software requirement specification (SIRS) C] Entity Relationship Diagram C] Data Flow Diagram C] Database Table overview C] System Specification CLC pros N cons 0 Conclusion CLC Bibliography C] Securities of E-Banking INTRODUCTION E-banking is the wave Of the future. It provides enormous benefits to consumers in terms of ease and cost of transactions, either through Internet, telephone or other electronic delivery.
Electronic finance (Finance) has become one of the most essential technological changes in the financial industry. E-finance as the provision of financial services and markets using electronic communication and computation. In practice, e-finance includes e- payment, e-trading, and e-banking. According to the definitions from the Bank for International Settlement (IBIS- BEG, Bibb), e-payment creates considerable efficiencies and is superior to traditional paper based solution.
E-trading is referred to as a wide variety of systems that provide electronic order routing automated trade execution, ND electronic dissemination of pre-trade and post-trade information. With the help of the e-trading systems, the transactions can be executed at a remote server and information can be conveyed to a remote location. And e- banking means the provision of retail and small value banking products and services through electronic channels and large value electronic payments and other wholesale banking services delivered electronically.
Although clients have enjoyed great convenience of banking and bankers have improved cost efficiency of banks (Line and Line, 2006, 2007), e-banking may lead to unstable uncial environments. In other words, e-banking could make the financial markets less manageable by the regulators. Internet banking refers to the deployment over the Internet of retail and wholesale banking services. It involves individual and corporate clients, and includes bank transfers, payments and settlements, documentary collections and credits, corporate and household lending card business and some others.
Since its inception Internet banking has experienced strong and sustained growth. According to Jupiter Media, Internet traffic for all United States banks which grew by 77. Per cent between July 2000 and July 2001 , compared with overall World Wide Web traffic growth of 19. 8 per cent over the same period. Another source estimated that the share of united States households using Internet banking will increase from 20 per cent in 2001 to 33 per cent in 2005, and that by 2010 there might be 55 million users.
Internet banking operations currently represent between 5 per cent and 10 per cent of the total volume retail banking transactions both in the United States and in Europe. This is less than the share of Internet securities trading, estimated at between 20 and 25 per cent of the total, but much more than . Dovetail business to-consumer (BBC) e-commerce, which represent lea then total 2 % of the retail trade TYPES OF E-BANKING The common assumption is that Internet banking is the only method of online banking.
However,this is not strictly the case, as several types Of service are currently available: PC Banking – The forerunner to Internet banking has been around since the late sass’s and is still widely used today. Individual banks provide software which is loaded on to an Seems office computer. The SEEM can then access heir bank account via a modem and telephone link to the bank. Access is not necessarily via the Internet. Internet Banking – Using a Web browser, a user can access their account, once the bank’s application server has validated the user’s identity.
Digital TV Banking- Using the standard digital reception equipment (set top box and remote control), users can access their bank account. Abbey National and HASH services are available via Digital TV providers. One of its main selling points is that no account details are transmitted via the World Wide Web; Text Phone Banking – HASH have introduced this service to allow customers tit text phones to check their balance, pay bills and transfer money.
Internet banking can be split into two distinct groups: Traditional banks and building societies use the Internet as an add-on service with which to give businesses access to their accounts. New Internet-only banks have no bricks and mortar presence on the High Street. Therefore, they have lower overheads and can offer higher rates of interest and lower charges. PROJECT SCOPE The project’s aim is to automate the system,pre-checking the inclusion of all required material and automatically process the transactions used in a banking. The criterion’s which include over here is to creation of an account and its all respective perspectives.
The data used by the system is stored in a database that will be the centre of all information held about the customer and the base for the remainder of the process after initial signing up been made. This enables things to be simplified and considerably quickened ,making the jobs of the involved people easier. It supports the current process but centralizes it and makes it possible for decisions to be made earlier and easier way. The main goal of the system is to automate the process carried out in the ann. with improved performance an realize the vision of paperless banking. Omen of the goals of the system are listed below:C Manage large number of customer details with ease. Manage all details of the student who are registered with the bank and send appropriate details about latest policy of the bank to each of its customer. D Create customer account and maintain its data efficiently and effectively. C] View all the details of the customer. C] Create a statistical report to facilitate the finance department work. CLC Activities like updating, modification, deletion of records should be easier.
OBJECTIVES OF THE PROPOSED SYSTEM The aim of the proposed system is to address the limitations of the current system . The requirements for the system has been gathered from the defects recorded in the past and also based on the feedback users Of the previous metrics tools. Manual Process Leaves the bank Customer physically visits the bank Associated and integrates the information as needed Inquires for an existing service or some specific information The uncharged clerk checks the specification and answers the query makes a counter sign and receives the checkbook The queue book is sent for manages initials
Raises a request for new checkbook by filling in the prescribed form The uncharged clerk accepts the request and prepares the queue book with respect to given specification The development of the new system contains the following activities which try to automate the entire process keeping in view of the database integration approach. Following are the Objectives of the proposed system: 1 . The administrators have grates accessibility in collecting the consistent information that is very much necessary for the system to exist and coordinate. 2.
The system at any point of time can give the customers information related to their CLC Accounts and accounts Status L] The balance enquiry C] The fund transfer standards The queue book request 3. The system can provide information related to the different types of accounts that are existing within the bank. 4. The system can provide the bank administration with information on the number of customers who are existing in the system. 5. The system at any point of time can provide the information related to the executed transactions by the customer.