Thesis Abstract

Abstract
This research project focuses on the design and implementation of an online interactive banking system. With the increasing reliance on digital technologies in various aspects of daily life, the banking sector is also evolving to meet the changing needs of customers. Online banking has become a popular choice for many individuals and businesses due to its convenience and accessibility. However, there is a need for more interactive and user-friendly online banking platforms to enhance the customer experience. The primary objective of this project is to develop an online banking system that offers a high level of interactivity and user engagement. The system will incorporate features such as personalized account dashboards, real-time transaction updates, interactive financial management tools, and secure messaging services. By providing users with a seamless and interactive banking experience, the system aims to improve customer satisfaction and loyalty. The design phase of the project will involve creating wireframes and prototypes to visualize the user interface and user experience design. Usability testing will be conducted to gather feedback from potential users and refine the design elements for optimal usability. The system will be developed using modern web development technologies to ensure compatibility across different devices and browsers. Security is a critical aspect of online banking, and this project will prioritize implementing robust security measures to protect user data and transactions. The system will incorporate encryption protocols, multi-factor authentication, and regular security audits to safeguard against cyber threats and unauthorized access. Compliance with data protection regulations and industry standards will also be a key consideration throughout the development process. The implementation phase will involve building the backend infrastructure, database management system, and front-end interfaces according to the finalized design specifications. Integration with banking APIs and third-party services will be carried out to enable seamless transactions and account management functionalities. Rigorous testing procedures will be conducted to ensure the system's performance, security, and reliability under varying conditions. In conclusion, the design and implementation of an online interactive banking system present exciting opportunities to enhance the digital banking experience for customers. By focusing on interactivity, usability, security, and compliance, this project aims to deliver a modern and user-centric online banking platform that meets the evolving needs of customers in the digital age.

Thesis Overview

STATEMENT OF PROBLEM

            The advances in the world of information technology it is almost recorded on a daily basis. Consequently, rendering former communication equipment obsolete as people tilt towards the use of improved electronics that support E-commerce made possible through the use of the internet in the banking sector.

            Although a significant improvement has been recorded in the use and deployment technology in the banking industry over the last decades, most banks are still for form implementing technology based strategies able to see them through competition in banking markets. This may be as a result of lack of awareness, the inability to evaluate the benefit derived from the use of the recent technological development (internet) and capital shortage that may hamper the design and subsequent implementation of the technological tool hence denying customers of this advance services and their flexibility, choice and convenience associated with the internet banking.

            The advantages offered by these toll calls for a review of an existing automated system and subsequent design and implementation of interactive web-site that facilitates the use of the internet to be appended or designed to improve the existing system.

1.2              PURPOSE OF THE STUDY

• To investigate the lacks of the current automated system in terms of modern technology appliances that support internet banking services and suggest ways of up dating them.
• To improve in the speed, effectiveness, efficiency and convenience in business transaction.
• To design and implement a computer software to solve this problem and rendering the services.
• To design a friendly web-site that graphically advertise goods and services provided by the institute on web pages.
• To carry out a feasibility study on the organization for the purpose of installing an on-line banking.

1.3              AIMS AND OBJECTIVES

The aims and objectives of this work is that when the system become operational it will

• Increase the operational efficiency and accuracy.
• Generate consistent, Accurate, timely and pieliable reports or information for effective control in internet banking.
• Provide the use of account ID and password for the customer.
• Improve in current automated system that support internet banking service.
• Permit the use of card pin and other relevant data for E-commerce validation.
• Permit on-line time data storage and information retrieval

1.4              SCOPE OF THE STUDY

This study and subsequent design of the computer software is limited to the (union bank of Nigeria, Enugu.)

Although limited to the above organization, the finding, design and implementation of the software is likely to be applicable to other owned organization.

1.5              DEFINITION OF TERMS

INTERNET               The internet is global network of computers.

LAN                           Local Area Network

MAN                           Metropolitan Area Network

WAN                         Wide Area Network

NT                               Network Termination

PIN                             Positive Intrinsic Negative

WEB                           The newest and friendliest face to the internet made of pages of information about the institution it represent.

Virtual World:             As electronic simulation experienced via a head mounted eye goggle and wire doting enabling the end use to interact in realistic three dimensional situation.

Analysis:                     The methodical investigation of a problem involving the separation of the problem into smaller related unit for further study.

Computer base:       computer oriented problem solving.

Format:                       The arrangement of data.

Software:                   A set of logical instruction designed for the computer.

File:                             is made up of field and records.

Database:                   Set of several permanent files integrated into a single file, which is available for many different use?

Process:                       A systematic sequence of operation.

Program:                     Series of instruction that is given to the computer

Computer:                   Is an electronic device capable of accepting inputs processing, storing and outputting information in human readable form.

Network:                     The inter-connection of computers.

Window:                     a type of operating system.

Real time:                   A computer that gives immediate result of the processed data.

On-line:                       That can be accessed at any given time

Password:                   A set of code that gives you access to a computer resources.

E-banking:                   Banking done with high computer means of transferring data.

Telemetric:                 The use of telephone line couple with the computer in providing services.

CD ROM:                   Compact disk read only memory