DESIGN AND IMPLEMENTATION OF COMPUTERIZED BANKING MONITOR INFORMATION SYSTEM

ABSTRACT

This project work is concerned with monitoring of Banking Operations a case study of CENTRAL BANK OF NIGERIA PLC.

The internet is used in this project and this is the acts over evolving state is becoming a serious method of business communication and data transfer worldwide. As such bank and other financial institution are beginning to use the internet as new vehicle for information mentoring.

The internet allow bank to after both new services and level of convenience for existing service 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 is be more responsive to change and it is imperative to adopt the latent technology in order to maintain operational efficiency as a means of wording off competitive threat, to increase speed of transaction improvement of customers conveniences by reducing barriers to entry into payment system and retail banking.

CHAPTER ONE

INTRODUCTION

1.1              BACKGROUND OF THE STUDY

The greatest innovation that has taken place in the twenties century is in the realer 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. This linkages often referred to as amplified by business trends the technology and business, foster growth in network systems that use communication links to connect subsidiary system (nodes) which may sender and receive direct and information to,fro,sender and receive.

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 endeavour changing the fundamentals of how are conduct national as well as international business. Few years of existence, the internet information in Banking 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 network in their million back 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 time banking is the on thing bank should get up and invest in internet technology information monitoring system to reap bounteously the benefit accruing from web banking.

1.2       STATEMENT OF PROBLEM

The advances in the world of information technology it is almost recorded on a daily basic consequently rendering former communication equipment obsolete as people tilt toward the 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 information monitor 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 t he 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 advantage offered by these toll calls for a view of an existing automated system and subsequent design and implementation of computerizes banking monitors system site to improve the existing system.

1.3       OBJECTIVES OF THE STUDY

*          To investigate the lacks of the current automates system in terms of modern technology explainers that support internet banking services and suggest ways of updating them.

*          To design a friendly information site that graphically advents goods and services proves  by the bank.

*          To improve in the speed effectiveness, efficiency and convenience in banking 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.

1.5              PURPOSE OF STUDY

The study and subsequent design and implementation of computerized the administration and the customers in realizing the long bath goal of speed efficiency, effectiveness and convenience the program take care of those factors that militates against the smooth running operation of the organization using the on-line services, provided by the bank,

Bettor stile scholars who intend to carry out subsequent research could have this as base from where improvement could be made.

1.6              SCOPE STUDY

This study and subsequent design of the computer software is limiters to the CBN Enugu. Although limited to the above organization. The finding design and implementation of the software is likely to be applicable to other banks.

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