Banking application & software solutions at competitive rate
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The document discusses the evolution and impact of information technology in the Indian banking sector, highlighting how banking software solutions have streamlined processes and improved customer services through e-banking and automated systems. It details the architecture of online banking applications, including a three-tier model and secure communications via SSL. The document concludes by offering custom application development services for banking solutions.
Banking application & software solutions at competitive rate
- 2. 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).
- 3. 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%.
- 5. 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.
- 6. Trend Revolution To improve the customer services' and provide efficient banking application development 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.
- 7. 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.
- 10. 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.
- 11. 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.
- 12. Architecture of Online Banking The Online Banking Application is based on 3-tiered model. The Enterprise architecture for Online Banking Application is shown below.
- 13. Architecture of Online Banking Administrator Customer APPLICATION SERVER Cold fusion MX Server / Apache server JDBC-ODBC Bridge Driver Request / Reply For Customer / Administrative Request Reponse Request
- 14. 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
- 15. 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
- 16. 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.
- 18. Security SSL, or Secure Socket Layer, is a technology, which allows web browsers and web servers to communicate over a secured connection.
- 19. 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.
- 20. 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 application development for banking services and solutions. Conclusion