E Banking.pdf

Synopsis ON E- BANKING PROJECT Submitted in partial fulfillment of the requirement For the award of the degree of

BACHELOR OF COMPUTER APPLICATIONS SESSION (2015-2016)

Under the guidance of Name of External guide (Designation) PROF.MOHIT SAINI (IT)

Submitted by: AKHIL KUMAR SINGH Roll No. 0161BCA010 Batch: BCA 2016-19

DOON BUSINESS SCHOOL, DEHRADUN AFFILIATED TO HNB UNIVERSITY, SRINAGAR

SYNOPSIS ON E-BANKING PROJECT

Submitted in partial fulfillment of the requirement For the award of degree of BACHELOR OF COMPUTER APPLICATIONS Of HNB University, SRINAGAR Session-(2016- 19) By AKHIL KUMAR SINGH Roll no.0161BCA010 Batch 2016 – 19

Under the guidance of PROF.MOHIT SAINI (IT) Name of External Guide (Designation)

DOON BUSINESS SCHOOL, DEHRADUN

Certificate issued from the organization on their letterhead.

Acknowledgement

I would like to express my sincere gratitude and regards to my external guide Mr./Mrs.--- for his/her constant inspiration, supervision and invaluable guidance during the training. I would also like to thank Mr. /Mrs.…. of (name of organization) for giving me such an opportunity to continue my training in the (name of organization) and providing the facility. At last I would also like to extend my sincere gratitude to all my faculty members and specially Mr./Mrs./Ms…. (Internal Guide) for giving their valuable suggestions.

With regards

Signature of Student

(Sign of HOD)

(Sign of Internal Guide)

Table of Content ➢ Introduction ➢ Types of E-Banking ➢ Project scope ➢ Objectives of the proposed system ➢ Feasibility study ➢ Software requirement specification (SRS) ➢ Entity Relationship Diagram ➢ Data Flow Diagram ➢ System Specification ➢ Pros N Cons ➢ Conclusion

ABSTRACT “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 phone 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 electronicbanking 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 1999 & 2000 mobile banking as an established channels, still seems to be a distant prospect. The internet is revolutionizing the way the financial industry conducts business 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 satisfies 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 lower propensity to switch banking providers.

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 (Efinance) 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, efinance includes e-payment, e-trading, and e-banking. According to the definitions from the Bank for International Settlement (BIS-EBG, 2003b), 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, and electronic dissemination of pretrade 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 e-banking and bankers have improved cost efficiency of banks (Lin and Lin, 2006, 2007), e-banking may lead to unstable financial 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 77.6 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 volumeof 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 . toverall business to-consumer (B2C) e-commerce, which represent leaa then total 2 % of the retail trade

TYPES OF E-BANKING The common assumption is that Internet banking is the only method of on-line 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 1980's and is still widely used today. Individual banks provide software which is loaded on to an SME's office computer. The SME can then access their 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 HSBC 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 - HSBC have introduced this service to allow customers with 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 criterions 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 bank with improved performance an realize the vision of paperless banking. some of the goals of the system are listed below:❖ 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. ❖ Create customer account and maintain its data efficiently and effectively. ❖ View all the details of the customer. ❖ Create a statistical report to facilitate the finance department work.

❖ 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



 Customer makes a counter sign and receives the checkbook

Customer physically visits the bank

The cheque book is sent for manages initials

Raises a request for new checkbook by filling in the prescribed form

The incharge clerk accepts the request and prepares the cheque 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 ➢ Accounts and accounts status ➢ The balance enquiry ➢ The fund transfer standards ➢ The cheque 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. 6. The system with respect to the necessities can identify all the history details of the trial participants along with their outcome of the results. 7. The system with respect to the necessities can provide the status of research and development process that is under schedule within the organization currently. 8. With proper storage of the data in a relational environment the system can Applegate itself to cater to the standards of providing a clear and easy path for future research standards that may arise due to organizational policies.

FEASIBILITY STUDY A significant transformation in banking system has occurred in the world. The online system of banking and improvements has been made through recognizing difficulties encountered by the customer and the authority. Both qualitative and quantitative research, through parent/career surveys. Focus groups and staff training sessions have influenced the online process. As a result this had produced an efficient and user friendly system, that relies on an effective online form, but on the coordination between ban and its customer. A comprehensive feasibility study of social, economical and technical aspects has also been made and implemented as below:-

• Social Feasibility ➢ It has simplified the banking procedure. ➢ Customers and banking authority had a huge acceptance to the notion. ➢ It had a good social impact and no objections or problems regarding the project is found

• Economic Feasibility ➢ The project is economically Feasible since we are getting ample economic support required for the project from banking authorities.

• Technical Feasibility ➢ Minimum requirement for execution of the project is a java supporting operating system since the connection to the database will be made using JSP and SERVLETS,minimum of 64 MB of RAM, a database software, a server and a web browser with which we were previously equipped.

DATABASE DRIVEN WEB APPLICATION A database wb application is an appliction wizard based on WWW(WORLD WIDE WEB) and database using web browser as a client • TRADITIONAL CLIENT-SERVER(2-tier archietechture) A client computer handles the user interface (Access forms, Oracle forms, reports) and a database server stores the data.The actual functionality (business logic)of the application resides on the client and/or in the databases. • WEB BASED MULTI-TIER ARCHIETECHTURE A client computer uses a browser to access information from two or more servers(web servers, application servers, database servers) i.e. a web server handles a web request, an application server handles the dynamic request and a database server stores the data.

System Specification SOFTWARE SPECIFICATION ➢ ➢ ➢ ➢

Client on Internet: Web browser(any),operating system(any) Client on Intranet: Client software, Web Browser, Operating System (any) Web server: Apache Tomcat or Glassfish, Operating System(any) Database Server: MS-access, Operating System(Microsoft Windows) ➢ Development End: Net beans (J2EE, Java, Servlets, JSP), MS-Access (DB tool).

HARDWARE SPECIFICATION CLIENT SIDE :INTERNET EXPLORER 6.0

PROCESSOR PENTIUM II at 500 MHz

RAM

DISK SPACE

64 MB

500 MB

512 MB

1GB

512 MB

512 MB

SERVER SIDE :APACHE TOMCAT MS-ACCESS

PENTIUM III at 1GHz PENTIUM III at 1GHz

PROS N CONS Features of Internet banking The features available from an on-line bank account are similar to those which are available via 'phone banking or visiting the local branch. On-line banking features do differ between the banks, but usually include: ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢

Transfer of funds between accounts; It brings efficiency in CRM(Customer relationship management) Make Payment of bills Introduces new & innovative products &services. View balance and statements. Brings door to door services. Create, view and maintain Standing Orders Have evolutionary trend at a globle scenario. Customer can View Direct Debits.

Advantages of Internet Banking ➢ Opening & closing of accountes ➢ Make the payments of merchandise transaction through Debit & Credit cards. ➢ It gives reliefs to their customer from carrying heavy cash. ➢ Enables prompt & speedy operation to clients. ➢

It saves lot of time to their customers &convenient to access .

Disadvantages of Internet Banking ➢ Customer may have to face risky transaction & fraud. ➢ Failure of power supply cause to break down of system. ➢ Loss of heavy income at times of settlement of higher magnitude. ➢ Cost involved in trainning staff may not be profitable specially in times of attrition. ➢ Development of an attitude of lethargy.

CONCLUSION Thus reaching to the conclusion of our project we observe that Traditional banks offer many services to their customers, including accepting customer money deposits, providing various banking services to customers, and making loans to individuals and companies. Compared with traditional channels of offering banking services through physical branches, e-banking uses the Internet to deliver traditional banking services to their customers, such as opening accounts, transferring funds, and electronic bill payment. E-banking can be offered in two main ways. First, an existing bank with physical offices can also establish an online site and offer e-banking services to its customers in addition to the regular channel. For example, Citibank is a leader in e-banking, offering walk-in, face-to-face banking at its branches throughout many parts of the world as well as ebanking services through the World Wide Web. Generally, e-banking is provided without extra cost to customers. Customers are attracted by the convenience of e-banking through the Internet, and in turn, banks can operate more efficiently when customers perform transactions by themselves rather than going to a branch and dealing with a branch representative. E-banking services are delivered to customers through the Internet and the web using Hypertext Markup Language (HTML). In order to use e-banking services, customers need Internet access and web browser software. Multimedia information in HTML format from online banks can be displayed in web browsers. The heart of the e-banking application is the computer system, which includes web servers, database management systems, and web application programs that can generate dynamic HTML pages. One of the main concerns of e-banking is security. Without great confidence in security, customers are unwilling to use a public network, such as the Internet, to view their financial information online and conduct financial transactions. Some of the security threats include invasion of individuals' privacy and theft of confidential information.

On October 1, 2000, the electronic signatures bill took effect, recognizing documents signed online as legal. Some banks plan to begin using electronic checks as soon as they can work out various security measures. The range of e-banking services is likely to increase in the future. Some banks plan to introduce electronic money and electronic checks. Electronic money can be stored in computers or smart cards and consumers can use the electronic money to purchase small value items over the Internet.