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 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.

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 application

development for banking services and

solutions.

Conclusion

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