ABSTRACT
UBN PLC, is a bank which deals with customers account both current, savings, deposit loan etc.
The above-mentioned processes and activities are not only time consuming but also stressful when done manually. The complexity and strain processes involved. The work will give birth to a computerized real time current account transaction processing system. This will facilitate storage of customers’ information as well as withdrawal of money from other branches without problems or delay. It will also provide a secured customer account filling system.
It will
generally facilitate transaction processing in the bank.
ORGANISATION OF THE WORK
Chapter One: This chapter highlights aims and objectives of the study, the nature, its limitation and delimitation, etc.
Chapter two: This deals with the available literature as it is related to the project in question.
Chapter Three: This chapter analyses the existing system with regard to the case study.
Chapter Four: It deals with the design of the new system taken into consideration of the old system
Chapter Five: This section undertakes the implementation of the new system.
Chapter Six: this deals with the documentation of the implementation procedures of the old system.
Chapter
Seven: this deals with the recommendation for the running of the
newly implemented system and conclusion.
TABLE OF CONTENTS
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Organization of the work vi
Table of contents vii
CHAPTER ONE
1.0 Introduction 1
1.1 Statement of the problems 4
1.2 Purpose of study 5
- Aims and objectives 7
- The delimitations 7
- The limitations 8
- Assumptions 9
- Definitions of terms. 9
CHAPTER TWO
Literature Review 12
CHAPTER THREE
3.0 Description and analysis of the existing system 22
- Fact finding methods used. 22
- Objectives of the existing system 30
- Input, process and output analysis 32
- Information flow diagram 34
- Problems of the existing system 35
- Justification of the new system. 35
CHAPTER FOUR
- Output Specifications on Master Report 36
4.1 Input specification and design 38
- File design 39
- Procedure chart 42
- System flowchart 43
- System requirements 44
CHAPTER FIVE
- Implementation 48
5.1 Program flowchart 48
5.2 Pseudo codes 50
5.3 Test run 53
CHAPTER SIX
- Documentation 55
CHAPTER SEVEN
- Recommendation and conclusion 58
7.1 Recommendation 60
7.2 Suggestions for further research 61
References 62
CHAPTER ONE
INTRODUCTION
In the twentieth Century, the banking world has seen a continuing process towards fully computerized operations. At the start of the century there were few mechanical aids with all ledgers, passbook and account statements being written by hand. By 1920s the banks had graduated to mechanical accounting combined with an increase in business, this trend towards mechanization was continuous process, the staffing and expansion difficulties were tackled more forcibly on the 1950 with assistance from electronic data processing techniques. It was on the period that banks ordered their first computers.
The early installations were of a batch processing nature of data that had to be sent for processing at the computer centre and reports produced. Throughout the 1960s more of the clerical work was computerized and eventually by the end of 1960s all accounts were computerized.
In the middle of 1960s the utilization of branch terminal equipment which linked directly to computer centre was becoming a feasible proposition. This culminated in the early 1970s with the introduction of a sophisticated real time system in current Account Transaction Department.
This project aim is to produce an indigenous software package, which will be used to improve the efficiency of the CURRENT ACCOUTN TRANSACTION PROCESSING SYSTEM for Nigeria Banking Industry. Although banks have developed packages, however, because of the following reasons they have failed to meet the need of the Nigerian Banking Industry. Firstly, guidelines and policies for banks in Nigeria are controlled by central banks of which they revise annually thereby resulting in unsteady policies as a result; there is no standard whatsoever set for the banking industry thus banking policies are flexible.
Most of these banks use packages without modification hence the result is not what they desire. The modification of these packages to suit the Nigeria Banking Industry will cost expenditure to be wasted.
Efficiency in the banks has always been the foundation underlining the effectiveness of banks operation. Quick and accurate settlement of customers withdrawals, fast depositing system and procedures and the over acknowledged information process with which customers usually regard are also problems which computerized current transaction processes wishes to address by introducing Nigeria software packages.
This package will help Nigerian banks to obtain the efficiency in their current accounting transaction hence draw more customers and more money. It is menu driven and features top-down and structured programming techniques.
Real mode of operation provides an instantaneous transaction and processing of data, which gives immediate availability of result for decision-making. It has improved the efficiency of banks by:
- Customers; henceforth spent much less time in collecting their money.
- There were seldom any mistakes because computer handled almost all operations. If there is any mistake, the computer can always easily pick it.
- There was customer’s satisfaction and bank recorded substantial increase in their profits.
- STATEMENT OF THE PROBLEMS
There are many methods that are being used in current account transaction processing system. Unfortunately, these methods are not always real in practice, to the day society. Even when they are real, they are not as efficient as expected. Some of the problems encountered by UBN are:
- Lack of computer for storage, there is tendency of the UBN to loose customer’s file which will bring distrust to them;
- Due to lack of computer for accessing the file, there is tendency for them to be shown in retrieval of customer’s files, and updating of files.
- Customers spend much time due to the delay of the bank.
- Once there is not computer for calculation, there is tendency for their calculation to be inaccurate.
However, the researcher shall by the end of this work provide a suitable solution to these pressing problems of Current Account Transaction processing system.