Banking Project Abstract Introduction
RANFORD Bank UK is a full service bank offering retail and corporate and investment banking services in the UK and Europe. The Bank delivers its products and services through five branches located in the UK and one branch in Antwerp, Belgium as well as through Internet and telephone banking. The Bank was incorporated in England and Wales on 11 February 2003 as a private company with the name RANFORD Bank UK Ltd. and on 30 October 2006 converted to being a public limited company. The Bank's registered office is 21 Knightsbridge, London SW1X 7LY. The Bank is regulated by the Financial Services Authority (the FSA) and is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. The Bank has a long-term foreign currency credit rating of Baa1 from Moody's, which is one notch higher than the UK sovereign rating. About Ranford Bank As at 30 September 2006, the Parent is UK's largest bank in the private sector with total consolidated assets of approximately US$ 61.5 billion and is the second largest company in UK including all public and private enterprises. The Parent and its subsidiaries offer not only comprehensive banking services in UK, but also life insurance, general insurance, asset management, investment banking and private equity/venture capital. The Parent has a presence, through its subsidiaries, branches and representative offices, in 16 countries in North America, the UK and Continental Europe, the Middle East, South Africa, South Asia and Hong Kong. In 2000, the Parent was the first UK banking company and the second bank from Asia to list on the New York Stock Exchange and currently has a financial strength rating of C- from Moody's Investors Service Limited (Moody's) and a long-term foreign currency credit rating of Baa2 from Moody's and BB+ from Standard & Poor's. RANFORD Bank is UK's foremost technology bank and has pioneered Internet banking in UK.
RANFORD Bank is a web based and offers a full service such as personal, corporate and International Banking Services in the UK and Europe. The Bank delivers its products and services through five branches located in the UK and one branch in Antwerp, Belgium as well as through Internet. The system would involve the following modules Admin, Banker, Personal, Corporate and International Banking Services But as part of the first release we would only concentrate on the following features. Admin Tasks, Banker Tasks and Customer Tasks for personal banking.
Admin Admin Tasks:
This module allows admin to define and manage master data such as Branches, Roles, Users and Employee of the Ranford Bank.
Branches Feature allows admin to define a new branch for Ranford Bank and also he can modify or delete any Ranford Bank branches.
0 Customers Registration
Customers feature allows him to define a new customer for his branch by filling registration form and sending it for the admin approval.. Money Transfer.2.0 Roles
Roles feature allows admin to define a new role for Ranford Bank and also he can modify or delete any Ranford Bank roles.0 Employees:
Employees feature allows admin to define a new employee basic information for any Ranford Bank branch.. For present release only the mentioned key features only be constructed and the remaining features would be included in the upcoming releases. Cash withdrawal through cheques etc.
Customer Personal Banking Customers Tasks
This Module allows the registered users to perform various activities such as Accounts Summary. He can modify or delete any user information. generating mini statements and detailed account statement for the specified period. Online bill payments and Online request for cheque book etc. He can modify or delete any employee information.0 Receipts
Receipts feature allows him to book different kind of deposits from a customer such as cash deposits.
Payment feature allows him to book different payments made to customers such as Cash withdrawal.0 Accounts Summary: This feature should enable the user to generate their account summary reports.
Users feature allows admin to define a new user for any Ranford Bank customers.
3. Smart Money Order. and also he can modify or delete or view any customer information.
4. DD deposits and credit card payments etc. cheque deposits.
Banker Banker’s Tasks
This module allows bankers to define and manage customers of his branch and also he can book receipts and payments.
Transfer money to any Ranford Bank account. Transact from the comfort of your home or office through Ranford Bank Internet Banking. Transfer funds to any other bank account Ability to pay utility bills Printout and export transaction history to own computer. Ranford Bank credit card. all you need to do is complete a simple one time registration for each biller. Transferring funds from your Ranford Bank Account is very simple.
High Level Business Requirements:
o o o o o o
Access banking. 7 days a week from anywhere in the world. you can Forget about writing out & sending cheques/ DD's or pay orders to the payee. 10. With Funds Transfer on Ranford Bank. Transfer money to specified non-Ranford Bank Accounts in over 100 cities across UK. Just login to RANFORDIBank. 11.0 Money Transfer: With Ranford. Transfer funds between own accounts. You can also set up standing instructions online to pay your recurring bills. Free yourself from the worry of payment instruments getting lost/misplaced in transit. There are various options provided online for transferring funds. automatically. 12.0 Bills Pay Ranford Bank has tied up with major organizations across the country to facilitate payment of bills for Utility Companies (Electricity and Telephone) Bills. Sending a Smart Money Order is very simple.9.com is absolutely free of charge.com and give the address of the person (receiver) and amount of money to be sent. View balances of accounts and transaction history.
.0 Smart Money Order: Smart Money Order is a unique service that allows you to send a money order anytime and to any destination in UK. 24 hours a day. To pay your bills. anywhere in UK. You can then sit back & relax while your near & dear ones receive money conveniently at their door-step. Mobile Phone and Insurance Premium bills. ECheques facility on RanfordBank.0 Request for Cheque Book: This feature allows the valid user to place an online checkbook request.
Request overseas payments (telegraphic transfers). Send and receive messages to and from the Bank.
Security features. which allow businesses to designate initiator users and authorizer users.
High Level System Architecture: Login Process
Money Transfers Smart Money Orders
Cheque Book Request