Banking software solutions at competitive rate
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Transcript of Banking software solutions at competitive rate
Banking application development
Abstract
In recent years, the banking and financial
sector has become one of the most vibrant
sector in the Indian economy.
This sector presents huge business
investments in the area of Information and
Technology (IT).
Banking Software Solutions
This IT sector, first involved as the banking
software solutions provider and this way
the IT companies enter in the banking sector.
They include all banking services in just one
software. So they reduce the tedious paper
work upto 68%.
Banking Software Solutions
Banking Software Solutions
First they implemented basic things like :
Account opening form as per various type
of accounting.
Balance addition or deduction as per
transaction of the customer.
Trend Revolution
To improve the customer services' and
provide efficient banking services
solutions has increased the use of IT.
This development is not to focus on only
money transactions, but the self service
platforms are extended to the clients.
Trend Revolution
So they launch e-banking or net banking
facility where the banking transactions are
carried out using automated processes &
electronic devices such as ATM, internet,
card payment, fax machines and telephones.
Trend Revolution
Trend Revolution
Trend Revolution
This ATM facility makes money transaction
easy and comfortable for any bank's
customers. No need to stand in queue for
money withdrawl.
The above all facilities are possible due to
the development of IT in the banking sector.
IT Revolution from desktop to Application
Till now we described about how the facility
is improved day by day.
Now let's take a look from the technology
point of view to know the details about how it
actually works.
Architecture of Online Banking
The Online Banking Application is based on
3-tiered model. The Enterprise architecture
for Online Banking Application is shown
below.
Architecture of Online Banking
Administrator
Customer
APPLICATIONSERVER
Cold fusion MX Server / Apache
server
JDBC-ODBCBridge Driver
Request / ReplyFor
Customer /Administrative
Request
Reponse
Request
Architecture of Online Banking
Simply stated, the application works based
on a request/response protocol. A client
initiates a request to the server.
The server responds by executing the
business logic hosted inside the program
and if required, communicates with the
Database Server to fulfill a client’s request
Online Banking Application
The Online banking application project will
be divided into 4 modules namely :
Bank Account
Bank Account Administrator
Credit Card Customer
Credit Card Account Administrator
Banking Application Design
Dataflow diagrams are depictured below to
give the clear understanding of Online
Banking Application.
At above we show the ATM machine use from
customer side. Let's look from the developer
side.
Banking Application Design
Security
SSL, or Secure Socket Layer, is a
technology, which allows web browsers and
web servers to communicate over a secured
connection.
Security
This means that the data being sent is
encrypted by one side, transmitted, and then
decrypted by the other side before
processing.
This is a two-way process, meaning that both
the server AND the browser encrypt all traffic
before sending out data.
A more efficient approach would be to utilize
Model View Controller 2 architecture, which
makes application reusable, robust, and more
object-oriented.
Contact us for custom banking application
development services.
Conclusion
www.technoligent.com