ABSTRACT
This project work is
concerned with the use of the Internet in banking operations, a case study of
the All State Trust Bank Plc Enugu.
The
Internet in acts over evolving state is becoming a serious method of business
communication and data transfer worldwide.
As such banks and other financial institutions are beginning to use the
Internet as new vehicle for doing business.
The Internet allows banks to offer both new services and level of
convenience for existing services and allowing the consumers and customers to
interact from any computer capable of making appropriate connections.
The
technological developments have made most banks and other financial
institutions to be more responsive to change and it is imperative to adopt the
latest technology in order to maintain operational efficiency as a means of
warding off competitive threat, to increase speed of transaction, improvement
of customer’s convenience by reducing barriers to entry into payment systems
and retail banking.
TABLE OF CONTENTS
Title page
Approve
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
- Introduction
- Statement
of the problem
- Purpose
of the study
- Delimitation
of the study
- Limitation
of the study
- Significance
of the study
- Definition
of terms
- Assumption
CHAPTER TWO
- Review
of related literature
CHAPTER THREE
- Description
and analysis of the existing system
- Objective
of the existing system
- Analysis
of the existing system
- Problem
of the existing system
- Justification
of the new system
CHAPTERF FOUR
- Design
of the new system
- Output/input
specification and design
CHAPTER FIVE
- Implementation
- Documentation
- Recommendation
and conclusion
CHAPTER ONE
1.0 INTRODUCTION
The greatest innovation that has
taken place in the twenties century is in the realm of information technology.
This is currently made possible by the introduction of the digital computers,
which has been observed in the field of communication to be increasingly
inseparable from communication to be increasingly from communication. This
linkages often referred to as convergence is risen driven by technology and
amplified by business trends the technology and business, foster growth in
network systems that use communication links to connect subsidiary system
(nodes) which may send, receive, direct and redirect information to, fro,
sender and receiver.
Taking
of the Internet a couple of years ago would have sound link a fair table but
today the Internet is pervasive in almost every field of human endeavor
changing the fundamentals of how are conduct national as well as international
businesses. Few years of existence, the internet has shown that it can sliver
the long sought after goal of electronic commerce.
It
is worth noting that companies in developed countries world – wide have
recognized the business potential of the internet and are getting connected to
the network of networks in their million.
The
financial Institution (Bank) is one of such organizations. Banking constitutes
one of the most prominent life wire for socio – economic growth and development
in any given nation. It support and assists in the supply of long and short
term loan accept both current saving and fired deposits both foreign transaction,
advice and facilitates transactions between client, workers, agents, firms,
buyers, and sellers by providing payment services not excluding the issue of
undertaking risk on behalf of their client, only to mention but few.
The
Internet housing founds its application and acceptance in the banking
profession has particularly put the banking industry on an accelerating pace of
development. The Technological high may (Internet) has become an enable in
achieving high level productivity and in handling volumes of transaction which
would have been impossible without the use of On – line banking (E – Commerce)
This
technology facilities linkage with clients both through the provision of
information and quality service delivery as well in reducing barriers to entry
into payment system and retail banking. Internet banking allows clients to
engage in formal transaction relationship, which would have taken long distance
travel or movement of document with the attendant risk of loss. With the On –
line banking (Internet) you can at your convenience at home and at any time,
review balances and transaction services and contact customer services but just
to mention but few. An over view of the benefit and prospects of the On – line
banking suggest that for banks to be relevant to their customers in terms of
the services they provide in the twenty first century and in the future most
append this services provide by E – Commerce in the banking system in order to
stay in competition. Now that an on –line banking is the on thing bank should
get up and invest in internet Technology to reap bounteously the benefit
accruing from Internet banking.
1.1 STATEMENT
OF PROBLEM.
The
advances in the world of information technology it is almost recorded on a
daily basics, 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 development
technology in the banking industry over the last decade. Most banks are still
far from 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
customer of this advances 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 to
improve the existing system
1.2 PURPOSE
OF THE STUDY
To investigate the lacks of the current automated system in term of modern technology appliances that support Internet banking services and suggest ways of updating them.
To design a friendly web site that graphically advents goods and services provide by the institute on web pages.
To improve in the speed effectiveness, efficiency and convenience in business transaction.
To carry out a feasibility study on the organization for the purpose of installing an on link banking.
To design and implement a computer software to solve this problems and rendering the services.
DESIGN AND IMPLEMENTATION OF INTERACTIVE WEBSITE FOR INTERNET BANKING A CASE STUDY OF ALL STATES TRUST BANK PLC ENUGU
