COMPUTERISED BANKING OPERATIONS

Abstract

Computer has made a remarkable contribution in every facet of human development. This work therefore is aimed at improving banking operations using computer. The day-to-day operations of banks requires good knowledge of accounting procedures, acct~ate maintenance of customers accounts ledger, cash books, loans books, etc. It also needs intelligent and faithful employees so that fraud will be minimised. Introduction of computer in banking oJ:,'€rations has gr'eately improved banking services. There are many softwares on banking operation already in existence. Most of them were developed from USA and Britain and lack the necessary ingredients common to our local banking operations. produce a system that Therefore the need for this work is to will take into consideration all the necessar7 banking operational procedures common in our banking services. Much effort was made to gather sufficient and accurate information about banking operations. Though Inter City Bank was used as a case stu.dy, other banks were as well visited and information gathered was used to compare if there will be any major difference in their operations. Checks and controls are provided in the designing of the (v i) system to minimise fraud often carded out by unscrupulous customers. Passwords are also introduced such that every transaction made can be traced to a particular employee who may have operated the computer at a any work station in case of fraud or mistakes. This system has been designed for local network. That means every transaction point (work station) must be provided with a terminal - from enquir~7 point to the bank menager. Data is shar-ed and o.ccounts updated immediately as transo.ctions are carried out. This system provides confidence in the minds of customers and makes them recieve prompt attention since no transaction is expected to last mor'e than ten m"lmi tea. r recommend that this system should be used by other banks other than Inter City Bank ·because of its numerous advantages.