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  • Bank Management System Project Report and Documentation

The Bank Management System Project Report and Documentation give complete instructions and methods for the project development. This report and documentation for the bank management system include the project proposal, abstract, synopsis, and PDF files. Each of these topics discusses every part of the project.

The bank management system project is created using languages such as C++, Django, Python, PHP, Java, Javascript, C++, and C source codes. These project source codes are complete and provided for free. You can find the list of Bank Management System Project with Source Codes below.

Bank Management System Project Report and Documentation : Table of contents

Bank management system project proposal, list of diagrams for bank management system project documentation, online bank management system in django with source code.

  • Bank Management System in JavaScript with Source Code
  • Mini Project for Bank Management System in C++ with Source Code Report

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Bank management system project report : content.

The table below reveals the full content of the Bank Management System Project Report . It reveals the overall description of the project which were needed in its development.

Bank Management System Project Abstract

The bank management system project abstract must answer or address the needs of every issue that happen in bank management. These issues could be lacking security in manual managing of bank accounts or to address the inefficient banking transactions online. These problems were just an example of a bank management system that should be answered.

Abstract : The bank management system project is a program that keeps track of a client’s bank account. This project demonstrates the operation of a banking account system and covers the essential functions of bank management software. It develops a project for resolving a customer’s financial applications in a banking environment to meet the needs of an end banking user by providing multiple ways to complete banking chores. Additionally, this project is to provide additional features to the user’s workspace that are not available in a traditional banking project. The project’s bank management system is built on cutting-edge technologies. This project’s main goal is to create software for a bank account management system. This project was designed to make it simple and quick to complete previously impossible processes with manual systems which are now possible with this software.

The bank management system project proposal states the solution and the problems faced by bank management. It should contain the project objectives, scope, and description.

Project Description : The Bank Management System (BMS) is a web-based tool that is used to reimburse financial institutions for services rendered to the Bureau of the Fiscal Service. In addition, BMS provides analytical tools for reviewing and approving salaries, budgets, and outflows.

Project Objectives : The goal of the bank management system project is to create an organic and optimal software of interaction between the various banking components. This is to maximize the profit of the banking mechanism. The implementation of competent bank management procedures is significantly responsible for the successful optimization of the bank’s productivity and activities. The project’s main goal is to create an online banking system for banks. All banking work is done manually in the current system. To withdraw or deposit money, the user must go to the bank. Today, it is also hard to find account information for people who have accounts in the banking system.

Project Scope: Depending on the bank’s policies, bank personnel and/or customers can utilize the Banking Management System. It can be utilized by multiple employees at the same time if they have the necessary permissions. Any web browser with a graphical interface can be used to access it.

Bank Management System Project Documentation

The bank management system project documentation is consist of chapters 1 to 5. This documentation for bank management contains the introduction, RRLs, methodologies, evaluation, and recommendations. Here’s the PDF file of bank management system project documentation to view its whole content.

Time needed:  10 minutes

Here are the Bank Management System Diagrams for you to keep as your blueprint documentation in creating your Online Bank Management System Project.

Bank Management System ER Diagram

List of Bank Management System Project with Source Codes:

Bank management system project in c++ and mysql database.

The bank management system project in C++ and MySQL database is a project that allows you to save your money in a detailed account. By entering Name, Amount, Account No, and other information, the system can organize your transaction list. The system’s goal is to efficiently arrange bank account management.

The Basic Bank Management System is a simple console program that allows you to access all of the system’s features by entering the system password. The user has several options in the system, including creating new client accounts, depositing dollars, withdrawing cash, and changing account information. The system will offer you the tools you need to manage your bank accounts. Your data will be saved as a data file extension by the system. The Simple Bank Management System was written in the C programming language and is suitable for newcomers to coding.

Online Bank Management System Mini Project in Python With Source Code

Bank Management System Project in Python  is a simple console-based totally application developed using the python programming language. Basically, this device includes a python script (Banking-System.Py) and a database.

This device is a simple console-based totally device so it’s far very easy to understand and use. Talking about the machine, it includes all of the fundamental features required in a bank. There is no login system as this is a mini project.

Besides, this means the person can use all those available capabilities without difficulty without any restrictions. It’s too simple to use, the person can look at the facts of total financial institution accounts without problems.

Bank  Management Mini System Project in C with Source Code

The Mini Project for Bank Management System in C is a consoled-based application created using the c programming language. This system is a simple mini project and compiled in Code::Blocks IDE using GCC compiler. This system is centered around client account administrations in banks, so it is named “Client Account Bank Management System”. This simple mini project for Bank Management System is complete and totally error-free and includes a downloadable Source Code for free, just find the downloadable source code below and click to start downloading. Before you start to click the download now first you must click the Run Quick Scan for secure Download.

Here, you can make another record, update data of a current record, see and oversee exchanges, check the information of a current record, eliminate existing records and view clients’ lists. The source code for Bank Management System is generally short and straightforward. I have partitioned this C smaller than expected task into numerous capacities, a large portion of which are identified with various financial exercises.

This  Bank Management System Project in Django  was created based on Django, HTML, python, CSS, and Bootstrap. A Bank Management System created using Python Django Framework on the backend and HTML, CSS, and JavaScript on the frontend. It is a Simple Bank Management System that allows User Create a new account and get a unique account number on sign-in, store, and edit their details. The user can transfer money from one bank account to another.

To start creating a  Bank Management System Project in Python Django makes sure that you have PyCharm Professional IDE Installed on your computer.

User   Features of Bank Management System in Django

  • Create Account  – The user needs to create new account first to get a unique account number to login.
  • Login  – After creating an account, The user need to login first to enable to access the system.
  • Manage Account  – The user can view his/her account status such account number, current balance in your account, and the account type.
  • Money Transfer  – The user can transfer money from one bank account to another bank account.
  • Loan application  – The user can request a loan to the bank.
  • Manage Profile  – The user can edit details information and can change password.

Mini Bank Management System Project In Java NetBeans With Source Code

The  Bank Management System Project In Java   NetBeans   was developed using Java programming language, This Bank Management System In Java project with tutorial and guide for developing a code. This Bank Account Management System In Java is an open-source you can Download zip and edit as you need.

An online Bank Management System Project In Java is a simple and basic level small project for learning purposes. Also, you can modify this system as per your requirements and develop a perfect advanced-level project. This Bank Queue Management System In Java desktop application 100% working smoothly without any bug. It is developed using Java and Database MySQL. This software code is helpful in academic projects for final-year students. We have a great collection of  Java projects .

Bank  Management System in JavaScript with Source Code

The Bank Management System in JavaScript is a system project created using HTML, CSS, and JavaScript. JavaScript is a scripting language that enables you to create dynamically updating content, control multimedia, animate images, and pretty much everything else, can update and change both HTML and CSS.

This project for Bank Management System in JavaScript is complete and totally error-free and includes a downloadable Source Code for free, just find the downloadable source code below and click to start downloading. Before you start to click the download now first you must click the Run Quick Scan for secure Download.

The Bank Management can be generated by the user by providing an initial deposit amount. Then, just by providing the user account number and entering the sum, the user can also deposit and withdraw cash. The consumer can also verify the customers and their balance. A new account can be established by the user, withdraws and deposit amount, balance demand, and can generate slip.

Mini Project for Bank  Management System in C++ with Source Code Report

The Mini Project Bank Management System in C++ is a consoled-based application created using the c++ programming language. This system is a simple mini project and compiled in Code::Blocks IDE using GCC compiler. This Bank Management System in utilizes classes and records dealing with highlights of C++. This System depends on an idea of the client’s record information. Here the client can play out all the errands like adding a new account, a client can deposit amount, the client can withdraw amount, the client can check balance, see all record holders detail, close a record, etc. Likewise, there’s no login framework for this project system. This simple mini project for Bank Management System in C++ is complete and error-free and also includes a downloadable Source Code for free, just find the downloadable source code below and click to start downloading. Before you start to click the download now first you must click the Run Quick Scan for secure Download.

Discussing the highlights of this framework of Bank Management System in C++, a client can make a record by giving the name of the record holder, account number, and giving an initial sum. At that point, the client can likewise deposit the amount and withdraw amount cash just by giving his/her record.

The goal of this research was to create a bank management project system that would aid in the maintenance of bank users’ records. It has the ability to handle all the transactions done with the client’s financial matters. The project must have tight security to secure the financial records of all the bank clients.

That ends our elaboration on Bank Management System Project Report and documentation. Hope you’ve caught all the ideas provided in Bank Management System Project Abstract, Modules, Documentations (PDF & PPT), and Source Codes.

This discussion does not end the knowledge that you might find around the corner. Bank Management System Project will continue to develop and advance and we’ll help you cope with that.

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there is no report here

sir please give a computer engineering 8th sem project report

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Core systems strategy for banks

project on bank management system

Serves financial institutions, helping them get their legacy technologies ready for the digital age

project on bank management system

Specializes in getting legacy systems “digital ready”

May 4, 2020 Core transaction processing engines for banks—or “core banking systems”—have been making news in the world of banking technology of late. Some of the major global banks have announced partnerships with new cloud-based core banking systems providers. There have been a few instances in the US of these partnerships as well. Many small and midcap banks in the US and Latin America are known to be shopping around for new cores. This topic seems to have suddenly gained visibility in the US and the rest of the world

In this article we look at the forces that are raising the core banking profile, and at the alternatives available to banking leaders as they consider their technology roadmap.

Banks all over the world spend millions of dollars each on maintaining their core banking systems, which usually interface with tens or hundreds of systems. Core banking systems handle a high volume of transactions and are expected to function without interruption—prolonged outages can invite regulatory scrutiny, customer opprobrium, and significant loss of revenue.

Legacy core banking systems have traditionally succeeded in terms of reliability. Failures are rare, with some banks going without an outage for months, if not years. However, with the advent of digital banking, cloud, and APIs, banks have seen a significant shift in the way banking products and partnerships are constructed. Banks are now expected to process transactions in real time, be able to stitch together partnerships with fintech companies in a matter of weeks, release new features frequently, be able to scale (up and down) their infrastructure needs at will, and even execute on M&A quickly. Older core banking systems— usually designed for reliability rather than open architecture—may need to respond to this new requirement, which, to their credit, many are doing with alacrity.

In addition to the existential issues listed above, banks endure some tactical day-to-day pain points with legacy core banking systems. These problems vary from bank to bank, but include a dwindling engineering talent pool, excessive undocumented customization leading to a complex code base that can be difficult and risky to change, and various vendor-support issues.

In response to these issues, a new breed of core banking systems has emerged in the last few years. They are, or will be, cloud-ready and open-banking compliant, and, in some cases, have very advanced architectures that make frequent feature releases easier. Some of these systems are also pushing the envelope in customer experience and offering innovative and reasonable pricing schemes for core banking replacements. More importantly, they claim not to compromise on the core tenet of faultless transaction processing.

Most banking leaders are aware of the significance of their core banking system, but many do not have explicit strategies tied to the core. And as banking continues to be disrupted, the traditional core architecture may not be able to deliver for incumbent banks; and given the long lead times required for transitioning to a new core, they need to set their strategies in motion now.

The best place to begin this effort is by answering five questions:

Does our legacy core banking system require intervention?

What interventions are possible to stave off a full transformation, if a core banking replacement is needed, what are the options.

  • What are the core elements of a good business case for such a transformation ?

What does a bank do next?

Another set of simple questions can give decision-makers a sense of the urgency of their core system problem (Exhibit 1). Affirmative answers to more than two of the questions indicate a potential problem and merit further intervention.

project on bank management system

It is important to carry out this exercise dispassionately and in a business-risk focused manner. This does not mean taking a myopic view of the problem. If a bank believes that there are no problems now, but there could be in the future, then preparing for an intervention now may make sense. It is common for core banking projects to take two to three years to complete, so the assessment should be made considering a medium-term horizon.

Contrary to popular opinion, a “rip-and-replace” is not the only possible intervention—and often it is often actually not the right choice. Depending on the urgency, several responses are possible, ranging from small tactical changes to large-scale re-architecture. Measures like this can extend the life of a core banking system by as long as five to ten years, which is especially valuable for banks that lack the capital to install a new core banking system, have other near-term priorities, or want to wait until more advanced offerings come to market.

Many banks have used these measures (popularly known as “hollowing out”) to extend the service life of their core banking system by many years, with a lot of success, and more importantly without slowing down their “digital” journeys.

Exhibit 2 shows a (non-exhaustive) range of options available for extending the effective life of a core banking system. It is important to remember that these are at best medium-term measures.

project on bank management system

There are two main options (with a few variations) for banks that conclude that they need to replace their core banking system: a traditional enterprise core banking system (self-hosted or as a utility) and a next-generation cloud-based core banking system .

Most current implementations are still of the traditional variety. But we are seeing an increase in banks of all sizes putting off traditional core implementations with the aim of experimenting with next-gen systems.

There is some evidence to suggest that banks will try and shift en masse to a cloud-based microservice architecture in the next few years. The core method of communication between machines will be APIs. Armed with a micro-service based architecture, the new core banking applications will become core enablers of the shift to this architecture. Traditional core banking providers have become aware of the need and potential inherent in a cloud-based microservice architecture; banking leaders should keep a close watch on developments here. We also expect to see some M&A activity between traditional and next-gen core banking system providers.

For now, there are four primary issues that prevent banks from replacing their core applications with next-generation core banking applications.

  • The “at-scale” problem: Banks are very risk averse when it comes to core replacement, and rightfully so. Given how embedded these core applications are, banks tend to prefer a tried and tested system to replace them. It is likely that once the first bank successfully implements a large, “at-scale” next-gen core system, the floodgates of demand will open. We increasingly see banks willing to experiment with these players and put their own engineering resources to work to accelerate this trend.
  • The “functionality” problem: Traditional core banking systems come with a range of product and process functionality and are made for heavy customization to meet the individual needs of the bank. Next-generation core banking systems are designed to support a slightly more limited set of products and processes, but with a versatile toolkit (a software development kit, or a repository of APIs), and fulfill additional needs using an ecosystem of fintech or traditional partners. This is the right architectural answer, as it ensures loose coupling and fewer customization problems down the line, but will take some getting used to for traditional banks. We see this as an opportunity for banks to start building their ecosystem muscle
  • The “integration” problem: This problem is proving to be a little more intractable. Banks expect new core banking systems to integrate with their existing stack of channels, customer-relationship-management systems, data architecture, risk systems, and middleware—all of which are very difficult to replace and represent hundreds of millions of dollars of investment over the years, meaning they cannot be written off without causing significant disruption and losses. The problem is that this integration entails high risk and high cost. The incumbent core banking system has usually undergone significant customization and development, reflecting changes in business logic over decades. Untangling the integration from the old system and re-integrating the new core banking system is an extremely difficult exercise—the banking equivalent of a high-risk brain surgery. For a medium-size bank, the cost of this integration could exceed $50 million depending upon its complexity; for larger banks, $300 million to $400 million is not unheard of (based on estimates for traditional implementations). Most banks understandably have very little appetite for this sort of expense. Banks expect to avoid this problem by installing next-generation core banking systems separate from the current stack, migrating customers gradually into the new stack over time and executing a “reverse-takeover” of the old stack. We believe there is a significant opportunity for banks to use this as a forcing mechanism to decommission their redundant systems, simplify their product set, and improve their technology skills, specifically in the areas of cloud, API based ecosystems, and automation in general.
  • The public cloud problem: There are a few other issues related to core banking systems on the public cloud. Most banks are just finding their feet in this arena and starting to come to grips with the security implications of the cloud. It will take some time for banks to start storing public data on the cloud without any fear. We see a lot of positive momentum in this area, with “neo banks” leading the way. We also see very sophisticated; and constructive engagement by regulators as far as cloud hosting is concerned. We anticipate that as banks start honing their cloud operating models, this will soon become a non-issue.

What are the elements of a good core banking business case?

Whatever option is chosen, an initiative like core banking transformation requires a solid business case. This is not a trivial exercise: a core banking transformation is akin to replacing the foundation of a building, and is therefore not always amenable to a straightforward revenue-based business case. Traditional core banking replacements have tried to make their case by adding in cost-saving elements through process automation and clean-ups, but it has proven very difficult to pay for a core banking transformation purely through efficiencies.

Next-generation core banking systems may present some additional advantages in making a business case because of their architecture and business model. Some examples:

  • Faster time to market for new products if they are truly API driven
  • Faster set up of ecosystems
  • Reduced cost of change if testing is truly automated and if core banking vendors follow a “train the trainer” model and not a “consulting plus model”
  • Reduced upfront costs if the core banking vendor charges fees based on revenue-like events such as customer uptake or profits

The next steps for any bank depend, naturally, upon the context. For some banks, the core system is an urgent priority; for others less so. Some banks have an appetite for experimentation, while others prefer to be followers and wait for other incumbents to pioneer a new core banking system. In general, we expect that core banking implementations will become cheaper and their architecture will become more and more open. Irrespective of appetite for change, there are several no-regret moves banks can make now:

  • Make a list of tactical modernization needs for the current core banking system, but invest only if there is a burning need. Minimize any strategic non-reusable investment on the current core banking system, unless it is expected to be the bank’s core system for the next decade.
  • Maintain general preparedness for a migration. This includes maintaining a clean Chart of Accounts and a clean set of customer accounts. Ensure that duplicate, unpopular, or redundant products are minimized, and dormant accounts or inactive accounts are reduced where regulation allows it.
  • If you can experiment with a new application, do so. If an affordable opportunity arises to set up a new stack using a next-gen core banking system, a bank should grab the chance to get learn about managing a core system in the cloud.
  • Build up core talent. Start building up a core team made up of cloud specialists, data engineers, and core banking subject matter experts in product, finance, and operations. This core team does not need to be more than six to seven people.

Even if the core banking system is not an immediate issue for a bank, it is very likely to reach the C-suite agenda at some point. Next-gen cloud-based core banking systems are gaining more and more traction, and they will rapidly try to become natural alternatives to traditional core banking systems. Banks should start laying the no-regret groundwork and do all they can now to prepare for a migration to a newer system in the medium-term without neglecting tactical modernization of the existing core.

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System Design of Bank Management System

System design software engineering.

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In this article, we will take a look at the key features a bank management system needs to offer, its high-level, low-level design, database design, and some of the already existing bank management systems.

Table of Contents:

Bank Management System

Functional requirements, non-functional requirements, software requirements, monolithic architecture, event-driven architecture, low-level design, database design, leading bank management systems.

The bank management system is a set of essential tools and processes that allow banks and their credit institutions to carry out their functions. The components of the bank management system may differ depending on the bank, but generally, the system includes core banking to manage basic transactions, loans, mortgages, and payments accessible via ATM, mobile banking, and branches. Other components that may be included are CRM systems, Risk Management Systems, Human Resource Management Systems, and Business Intelligence systems.

System Requirements

The requirements for a bank management system provide a complete description of the system behavior and are based on the business expectations. The functioning of the system must comply with the laws and regulatory acts of the country. In the United States, for example, Consumer Financial Protection Bureau, Federal Reserve Board, Federal Deposit Insurance Corporation, and Financial Crimes Enforcement Network are the institutions that govern banking activities.

The key requirements that need to be offered by the Bank Management System can be classified into functional and non-functional requirements.

Functional Requirements describe the service that the banking management system must offer, they are subdivided into three access levels: Admin Mode, Teller Mode, and Customer Mode:

  • Sign in with login and password.
  • Update personal details.
  • Change password.
  • View balance.
  • View personal history of transactions.
  • Transfer money.
  • Submit Cash.
  • Register new bank customers.
  • View customer information.
  • Manage customer accounts.
  • View manager and customer details.
  • Add or update bank branch details.
  • Add or update manager details.

project on bank management system

Non-functional requirements specify criteria that can be used to judge the operation of a system as a whole rather than specific behaviors. They describe emergent properties like security, performance, and availability and, unlike the functional requirements that can be worked around, are essential to fulfill for a usable system. The estimation of whether the product fulfills the non-functional requirement or not usually reduces to a boolean answer: yes or no.

For a bank management system, the most important non-functional requirements include security, performance, usability, and availability.

Security Bank management systems are notorious for being subject to malicious attacks, so security is the major requirement for the system. Unauthorized access to the data is not permissible. The data must be backed up daily and stored in a secured location, at a distance from different facilities of the system.

Online transactions and stored digital files must be encrypted according to 128-bit or 256-bit AES encryption standards. The system also must employ firewall software as a defense against network attacks.

From the client-side, the system must provide an automatic log-out after an inactivity period, accept only secure passwords that have sufficient length and non-alphabetic characters, and block login attempts after several unsuccessful trials.

Performance The bank management system is a multi-client system that must reach response time targets for each of the clients during simultaneous calls and must be able to run a target number of transactions per second without failure. The system must effectively utilize the hardware and energy resources to minimize operational costs.

Usability The system must provide different graphical interfaces for customers, tellers, and admins. All system interfaces must be user-friendly and simple to learn, including helping hints and messages and intuitive workflow, especially in a client interface: the client must be able to fast learn and use the interface without prior knowledge of banking terminology or rules.

The interfaces must automatically adjust to devices with different screen sizes, and allow to change typeface size and color scheme to improve readability.

Availability The system must be available during bank working hours. The mobile banking and ATM must be available round-the-clock with minimal maintenance times, reaching 99.999% availability time per year.

Software requirements specification (SRS) is the description of the software system that is going to be developed, it is made at the latest phase of analysis, after the functional and non-functional requirements. The set of programming tools and technologies that can be applied to the bank management system depends on whether the on-premise, cloud, or hybrid computing model is used.

Most large-scale financial institutes have their core banking system run on-premise, which may be enforced by the legal system requirement to facilitate servers that store personal data on the territory of the country.

The development of the system is based on the following technologies:

  • Servers running Windows Server/Linux OS, ATM running Windows 10.
  • For the backend part, a scalable programming language supporting multi-threading like Java is required, and Python is required for the data analysis and fraud detection engine.
  • Modern front-end frameworks like React/AngularVue/jQuery for user-interface.
  • Relational DBMS with an engine that supports ACID transactions like Microsoft SQL Server or Oracle RDBMS.

High-Level Design

After analysis and agreement on the requirements, the next stage is to describe system architecture on a high level.

The traditional way to implement bank management systems is with a monolithic architecture, where different tasks are managed with a single unified unit. As shown in the diagram below, Java handles a variety of jobs that come from the branch office, from electronic card processing and from the requests to API open to other banks and clients.

The load balancer distributes evenly jobs between application servers that run multiple copies of the application, and on the backside, the application manages database requests. The load balancer also plays the role of the inner firewall, in addition to the outer firewall that provides first-level protection from network attacks.

The architecture is simple and thus easy to develop and deploy, scaling is also relatively easy with the load balancers - just add another application/database server when needed.

The monolithic architecture is the easiest to implement, but it is hard to maintain in the long run, and it is very hard to add new features or update the old ones. Moreover, with a monolithic architecture, it is hard to introduce new tools and frameworks to the developing stack, as there are no points inside the monolithic structure to connect new technologies.

Event-driven architecture is one of the alternatives to the traditional Monolithic architecture that centers around "events" rather than entities. For example, events when an office teller submits a new client, when a customer presses an ATM button to withdraw money, or when the account balance is getting lower than the threshold. All incoming events are registered within the API layer and added to the Kafka stream.

The Apache Kafka, an open-source distributed event streaming platform, distributes events between the consumers: Application Jobs, Data storage, Statistics collectors, Notification routines, and the special Fraud Check engine. Fraud Check is written in Python to automatically detect and block suspicious transactions to prevent money laundering and other violations.

With the event-driven architecture, implementing new services is easier, as there is no need to constantly synchronize states between them, for example, to synchronize the current balance state with the upcoming transactions from credit cards and open API. Instead, the program can introduce an even that controls and fixes the balance changes, so the transaction service only needs information about balance changes and does not care about other transactions and processes.

As event-driven architecture requires a careful design in the initial stages and thus needs more time and resources spend on development, this is a good option for large financial institutions that aim for a large client auditory and provide a row of different services.

The Bank Management System application defines all available operations in a Bank interface, according to the Data Access Object Pattern (DAO). The actual implementations of this interface are interchangeable and do not require changes on the front-end:

The application has six persistence entities that correspond to the database tables: Account, Branch, Customer, Employee, Loan, and Transaction. Abstract class Person reuses repeating code for Customer and Employee classes and is not present in the database.

The actions over the persistence entities are controlled via controller classes, one controller for each of the persistence entities. These controllers are to be called in the implementation of the Bank interface.

The most important class to pay attention to is the TransactionController with withdraw(), deposit() and transfer() methods, all of which must provide absolute accuracy as neither bank nor client is willing to lose money. Such methods should be managed as a single unit of work (database transaction) with the ability to roll back all changes, and include multiple checks of sending and receiving accounts, checks for fraud, and others before committing the transaction.

1-3

Customers relation stores information about bank clients, each of the customers can have multiple balance Accounts and Loans .

Branches relation store information about bank branches, with bank Employees each assigned to one of the bank branches. Client accounts and Loans are also assigned to one of the bank branches for easier management. Each employee can have another employee assigned as the manager.

When a client withdraws, submits, or transfers money either by credit card, mobile banking, or at the bank branch office, the information about the action is stored in the Transactions table. Not all transactions are accepted, as the bank has multiple checks to perform, the history of failed transactions is stored in the FailedTransactionsLog table to collect data and provide the basis for bank security systems improvement.

The database has some tables not reflected in the domain model: Loan Types , Account Types , and Transaction Types , as they represent static information.

Traditionally, large banks prefer their own Bank Management Systems deployed on-premise, the alternative to the traditional approach is the cloud-based banking solutions or adapting of the open-source software projects. The choice of the Bank Management System is not a trivial task, as the market has lots of cloud-based solutions with different features and pricing plans.

Finacle , for example, provides Core banking solutions and a cloud-native Banking Suite as SaaS to "engage customers with a robust foundation". The Finacle can be run on AWS or MS Azure and applies componentized microservices-based architecture, and is agnostic to the technology platform.

Cobis is another cloud-native, real-time, modular system for the origination of financial products that provides a customizable work environment, omnichannel portal (Mobile, Internet, Call Center, Branch, Agent, ATM, API), risk and compliance modules, and analytics. It also supports integration with 3rd parties for cross-selling and information sharing and is available both SaaS and on-premise.

An example of a platform with open code is the Apache Fineract or build on top of it Mifos X Community App that has over 170 contributors and over 3.9M Docker pulls. Fineract is aimed at innovative mobile and cloud-based solutions and enables digital transaction accounts for all. The domain of Fineract includes accounts, held by customers, with transactions made to those accounts. Other functionalities support use cases for teller operations, basic treasury management, accounting, portfolio management, authentication, account opening, and similar topics that are common to a retail banking operation.

The MyBanco is a fully free core banking platform written on PHP licensed under GNU Affero General Public License that allows making any changes in the code to adapt for the business.

With this article at OpenGenus, you must have a strong idea of the System Design of the Bank Management System.

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Banking Management Project in Spring Boot, Microservices and ReactJS

  • Bhupendra Patidar
  • September 6, 2023
  • Spring Boot with ReactJS

The Online Bank Management System is a web application that is built using modern technologies to offer a secure and user-friendly platform for banking operations. This project uses Spring Boot, Hibernate, JPA, Microservices, JWT authentication, ReactJS, and Bootstrap to create a robust and scalable online banking system.

The Online Bank Management System’s objective is to automate the banking operation for both customers and administrators. Users can perform various banking tasks such as account management, funds transfer, bill payment, and more, while administrators can efficiently manage user accounts, transactions, and system configurations.

Banking Management Project in Spring Boot, Microservices, and ReactJS

Key Features

Mainly there are 3 user roles in the application Customer, Employee, and Admin Below are the key features that define the roles and responsibilities of the users.

Customer Features

User Registration and Authentication: Users can create accounts and log in securely using JWT authentication.

Account Management: Customers can open new accounts, view account details, and perform transactions.

Funds Transfer: Transfer funds between accounts and to other users securely.

Bill Payment: Pay bills for utilities, credit cards, and more.

Transaction History: Access and view transaction history.

Employee Features

User Management: Admins can manage customer accounts, including account creation, suspension, and deletion.

Transaction Monitoring: View and monitor all transactions.

System Configuration: Configure system settings and parameters like active accounts and loans.

Admin Features

Employee Management: Admins can manage Employees, users, and other major operations for the application.

Role Management: Assign roles and permissions to users.

System Configuration: Configure system settings and parameters.

Project Demo

Technology Stack

  • Spring Boot
  • JPA (Java Persistence API)
  • Microservices architecture
  • JWT (JSON Web Tokens) for authentication
  • Bootstrap for responsive and user-friendly UI

Contact to get the Source code

Skype Id:  jcodebun Email:  [email protected] WhatsApp: +91 8827363777 Price: 6000 INR

Architecture

The system is designed following microservices architecture, allowing for scalability and maintainability. Key components include:

Authentication(Login) Service: Handles user authentication and authorization.

Credit card Service: Manage user’s credit cards

Transaction Service: Manages user accounts and transactions.

Gift Card Service: Manage user’s Users cards

Loan Service: Manage loan-related operations

Locker Service: Manage locker-related operations.

Frontend: ReactJS application consuming microservices APIs.

The Online Bank Management System is a modern and efficient solution for online banking, built using cutting-edge technologies. It offers a secure and user-friendly experience for customers while providing administrators with the tools to efficiently manage the system. This project demonstrates the power of microservices, JWT authentication, and a responsive UI to create a robust online banking platform.

project on bank management system

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bank-management 0.0.1

pip install bank-management Copy PIP instructions

Released: Dec 12, 2023

An project for DATA 533, UBCO

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  • Open issues:

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License: MIT License

Author: Alan

Requires: Python >=3.8

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Classifiers

  • OSI Approved :: MIT License
  • OS Independent
  • Python :: 3

Project description

Banking-management.

Project for 533

Developers:

Alan Zhang && Yuyang Peng

The AZYY Bank Management System is a Python package designed to simulate a simple banking system with user and admin functionalities. It includes features such as user registration, client and admin management, investment handling, and more.

AZYY Bank Management System - Function Details

The AZYY Bank Management System is built with several functions to manage user and admin interactions, as well as investment handling. Here, we provide details about key functions in the system.

How to test?

Go to test.ipynb which is isolated from the requierd package "bank_management". Then run this file.

This block is used to import functional py file from the required package

Then this block is used to start our program.

Continuous integration testing

We are using GitHub Action to help us test our package functions. The CI configuration file is stored in .github/workflow/, the screenshot of 75% coverage is attatched.

Things to notice about test files required in step 1

Before run the test file in subpackage investment, go to the 7th line manage_investment.py and delete a dot into this "from investment import investment,mortgage,zero_coupon_bond,government_bond" But when running test.ipynb or start.py, add the dot back.

Functions in start(for initialization)

Clients_initialization().

Description: Initializes client objects with sample data.

Returns: A dictionary containing client objects.

admins_initialization()

Description: Initializes admin objects with sample data.

Returns: A dictionary containing admin objects.

investment_initialization()

Description: Initializes an empty dictionary for investment objects.

Returns: An empty dictionary for investment objects.

mortgage_initialization() , zcb_initialization() , gov_initialization()

Description: Initializes dictionaries with sample data for different types of investments (mortgage, zero coupon bond, government bond).

Returns: Dictionaries containing investment objects.

  • Description: The main function that runs the AZYY Bank Management System. It prompts the user to choose a role (new user, existing client, admin, quit) and handles the corresponding actions.
  • Description: A test function (currently commented out) that demonstrates the usage of the admin_login() function.

To use the functions in this system, follow these steps:

Initialize Clients, Admins, and Investments:

  • Call clients_initialization() to initialize client data.
  • Call admins_initialization() to initialize admin data.
  • Call investment_initialization() to initialize an empty investment dictionary.
  • Call mortgage_initialization() , zcb_initialization() , and gov_initialization() to initialize investment dictionaries.

Run the Main Function:

  • Call main() to start the AZYY Bank Management System.
  • Choose your role (new user, existing client, admin, quit) and follow the on-screen instructions.

Manage Personal Investments:

  • If the user chooses the "Existing client" role, they can manage personal investments using the personal_invest(c_new) function.

View All Investments:

  • Call show_all_investment(mortgage_dict, zcb_dict, gov_dict) to display details of all available investments.
  • Call test() to run a test function (currently commented out).

Sample Data

Sample data for clients, admins, and investments is pre-initialized in the code.

This project is licensed under the MIT License .

Project details

Release history release notifications | rss feed.

Dec 12, 2023

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Bank Management: Definition, Objectives, Concept

Bank Management: Definition, Objectives, Concept

The main objective of bank management is to build an organic and optimal interaction system between the elements of banking mechanisms with a view to profit.

Every successful banker has to perform managerial responsibilities along with technical banking activities. Although a bank is a financial institution like other businesses, its main objective is to maximize its wealth by earning profit. Bank business is different from other types of businesses.

Other businesses can transfer/shift their goods or services from factory to office or other far places even can export to foreign countries. But banks can transfer funds or extend services only after fulfilling the demand for a loan of the area where the office or branch of that bank is situated.

Efficient management can offer high-quality service, and efficient management can be ensured by efficient organization management. So, professional management is impossible without crystallizing the authority & responsibility of all the personnel employed in a bank.

Definition of Bank Management

3 importance of bank management – rationale of increasing importance of bank management, 1. changing regulation of banks, 2. increasing competition due to changing technological development, 3. changing international relationship, concepts of bank management, conclusion: basis of all round management.

There are many definitions of bank management. In general, bank management refers to managing the bank’s statutory activity.

Bank management is characterized by the specific object of management – financial relations connected with banking activities and other relations, also connected with implementing management functions in banking.

Successful optimization of the “profitability-risk” ratio in bank lending operations is largely determined using effective bank management methods. The ability to take reasonable risks is one of the elements of entrepreneurship culture in general and banking culture.

The following characteristics determine the reliability of the bank management:

  • management expertise in strategic analysis, planning, policy development, and management functions;
  • quality of planning;
  • risk management (credit, interest rate, and currency risks);
  • liquidity management ;
  • management of human resources;
  • creation of control systems: audit and internal audit monitoring of profitability and risks liquidity:
  • unified information technology system: integrated workflow, accounting , current analysis and control, strategic planning.

All the above conditions show themselves during the implementation of bank management and its components.

Bank’s management procedure is more challenging as the regulatory system always is there to control the bank management.

3 Importance of Bank Management are;

3 Importance Of Bank Management - Rationale Of Increasing Importance Of Bank Management

  • Changing Regulation of Banks.
  • Increasing competition due to Changing Technological Development.
  • Changing International Relationship.

At the end of the 3rd decade of the 20th century, thousands of banks worldwide failed due to the economic recession called Great Depression.

Due to the bank failure, millions of depositors suffered from a great problem, as they didn’t get back their deposited money. To protect the interest of depositors, the deposit insurance scheme was made mandatory for banks.

And from this time, the regulation for banks began to multiply from various angles.

Previously, receiving a registration certificate or certificate of commencement of business and submitting the financial statements were considered sufficient for the controlling agencies of banks.

Some of the techniques followed by the bank regulatory authorities to control the activities of commercial banks are;

  • Direction for the right price of bank services .
  • Introduction of deposit insurance.
  • Direction for adequate liquidity.
  • Direction for capital adequacy.
  • Direction for approval and non-approval of bank loan operation.
  • Recruitment of directors and direction regarding recruitment and directing their duties and responsibilities.
  • Loan supervision, review, and examination.
  • Direction for adequacy reserve etc.
  • Day by day, bank management becomes more challenging by introducing rules and regulations by bank regulatory authorities.

The number of served clients and quality dimensions of services is the basis of competition. The bank, which provides better service with high quality, is capable of being successful in competition.

Two banks jointly create new services that provide the customers with a sustainable competitive advantage.

Why the new benefit or service that the bank offer is unique and different from that of the other organizations requires the commercial banks to participate in the multidimensional competitive environment.

The bank, which can attract more clients, can create clients repeatedly. This technological environment absorbed more investment and new training.

So, the bank’s management creates a new strategy of banking services adjusted in the competitive banking business.

In the international banking business, the bank faces an extensive amount of legislation in the event of a new problem. International relations, global or bilateral, create more competition in the banking business.

Other factors, such as international trade and commerce, laws of found transfer, changes in social and cultural factors, establish a new operational management system that challenges the banking business.

In this era of modern science, a solution of competitive environment and development of international relations among banks, the bank’s management follows a strategy to merge banks in the international banking business.

All these factors stated make bank management more complex and challenging.

Banks create funds by collecting surplus savings as deposits or shareholders’ capital or taking loans from other sources, including the central bank. To collect these funds, a bank has to bear some collection_cost and other related costs. After deducting the cost of funds and other administrative expenses, a bank has to profit by collecting funds and investing the same to become an efficient and successful bank.

For building a professional management brigade, a bank needs to select an appropriate organizational structure to do its activities . The process of bank management is described below as a circle. But the management process starts from planning , followed by organization, coordination, motivation, and control. Ideal management can be ensured by the proper coordination of all these elements.

According to Peter F. Drucker, “The manager has the task of creating a true whole that is larger than the sum of us parts, a productive entity that turns out more than the sum of the resources pul into it.”

Concepts of bank management run in the sequence as under:

Bank Management: Definition, Objectives, Concept

Elements in bank management are;

Communication

Coordinating, controlling, examination.

The bank management process starts with planning. Planning is the activity through which a business firm charts its future course of action. In bank management, planning gives answers to the questions related to a bank as a whole or a particular branch, or a particular work division. These questions can be like

  • What role to be performed by a bank, branch, or work division?
  • How does a work division contribute to the activities of other work divisions?
  • What type of activities is the bank engaged in?
  • Is the bank providing any exceptional services?

The second step of planning is to set long-term and short-term goals. One point must be remembered here we are not talking about the separate long-term and short-term planning. Rather a plan with the combination and coordination of body long term and short term goals is considered here.

The long-term goals of banks identify some overall topics, which are achievable in the future. For example

  • What will be the optimum scope and size of the bank in some future period of time?
  • What type of efforts would be taken to develop new market segments?
  • What type of loan assets will comprise the future loan portfolio of banks?
  • What will be the size of a specific work division in the future?

Short-term goals of planning describe the targets achievable shortly elaborately. A budget is attached to this part of the planning.

Some techniques and tools are helpful for planning. Management by objective ( MBO ) is one of those. MBO can not help planning automatically. But in the hand of an efficient bank manager, it acts as a strong and unique tool.

Planning is the activity through which a business firm charts its future course of action. The result of planning is to develop a strategy for utilizing the resources of a business within its projected environment to attain its overall objectives.

Many banks realize the importance of this function and have planning departments staffed with technical personnel. Others do it intermittently.

Bank Management: Definition, Objectives, Concept

Objectives are goals, and it is toward these results that all activities are directed. Objectives may change over time, but they are looked upon as firm and binding contracts once formulated. Bank objectives are usually stated in short, concise terms and limited to ten to twelve items. A few items from a list of one bank s objectives follow:

  • Our business is selling financial services in Oregon and in selected regional, national, and international markets. We will extend our business into areas that provide sound expansion opportunities meeting predetermined profit criteria.
  • We will strive for stability in earning growth, acquiring high-quality investments, and pursuing sound and innovative tactics ‘. Through strategic planning and strong management, we will aggressively expand income sources while remaining in control of costs.
  • Our primary marketing objective is to increase our market share through superior service and appropriate products consistent with corporate strategic plans.
  • Management will provide continuity of policies and directions. Changes will be implemented quickly and in a manner that considers both individual and corporate needs.
  • Our objective is to promote people within the organization. However, expansion into new fields and the need for specialized talent may require hiring people from other sources.
  • We are sensitive to social and economic concerns and recognize our responsibilities as corporate citizens. We support and participate in activities to improve social and economic conditions.

After the setting of objectives, the establishment of bank policies naturally follows. Policies are general statements of understandings that are designed to stimulate thinking and action in decision making. An example of a bank policy might involve pricing . Policies assist those people who are concerned with planning.

It is difficult to conceive of the preparation of a budget without the knowledge of the overall policies. Policies also serve as an overall guide or boundaries within which the officers and committees of a bank can operate.

If a set of circumstances arises, the bank has a policy or a determined course of action upon which it can rely for guidance. The policy acts as a coordinating force to call forth group effort Policies may appear in the minutes of the board of directors or standing committees or the manual of the organization.

Rules should not be confused with policies. A rule requires that specific and definitive actions be taken or not taken for a given situation. A bank may require that a corporation opening an account provide the bank with a resolution prepared by the firm’s board of directors authorizing certain individuals to sign checks and borrow funds. This would be a rule.

Once a bank’s objectives and policies are formulated, the next step is to arrive at a strategy to accomplish these goals and objectives. While objectives represent a subjective choice as to the enterprise’s quality, direction, and pace, strategy is the plan by which a bank can best realize the established objectives.

One of the problems in any business firm is communicating the established objectives , policies, and rules of operation to all who need them, and banking is no exception.

Rules of operation are essential to banking because of bank regulatory authorities’ many rules and regulations.

Banks’ senior officers are usually in close daily contact, and the knowledge of various developments does not present a major problem. The same is true of lending officers who work closely together and are concerned with specific types of lending, such as commercial and consumer loans.

Communication channels must dept open in branch and group banking organizations and among the numerous clerks, tellers, bookkeepers, computer operators, and others widely dispersed throughout the organization.

Organizational structure is the extra strength of hank management under the umbrella of planning. After setting the objectives and rules, necessary components are organized to achieve the goal.

Louis A Allen says. “The process of identifying and grouping the work to be performed, defining and delegating responsibility and authority, and establishing relationship to enable people to work most efficiently together in accomplishing the objectives.”

Earnest Dale says, “Organization is the structural process in which individuals interact for achieving the stated objectives.”,

The main objective of organizational activities is to earn expected profit. Other factors of production can be integrated effectively and efficiently by organizations to achieve the expected goal.

If every person of an organization docs their duties according to the established plan, their combined activities make a bank achieve its goals. If the duty of every person is not defined properly, the organizational activities become slow, confusing, and ineffective.

If what is to be done is unclear, achieving the targeted goals becomes almost impossible. Again without well-defined goals, organizational activities are impossible. We can organize the activities of banks according to types, divisions, geographical areas, floors, etc.

Organizational activities can be defined by the scale of work description and work completion. A manager does all the duties to achieve the goal. But they will be accountable for their work areas. The organizational concept depends on the concept of labor segmentation .

A person should be given proper authority within their accountable work-areas. This is called delegation of authority. Assigned work makes new responsibility to be accountable for the work. Authority docs do not increase or decrease the responsibility which was assigned before. So authority can be delegated, but responsibility and accountability can never be delegated.

By delegating authority , administrative decentralization is made. This decentralization works more when a manager limits the delegated authority by law, rules, moral responsibility, and budget.

The summary is organization is related to a human being. It is created through interpersonal relationships. The nature of human beings influences the organization. So. all the tools and rules for developing human capital in a bank help a manager develop an organizational system .

Coordination means working together. Because group skill is the most considerable issue in coordination, we should also keep in mind that some freedom is essential for creativity.

So the right decision should be taken at in right time through proper coordination. Coordination was due importance in bank management for a long time. Different types of business activities, departments, divisions, and personalities of the organization, if not methodically coordinated, will result in low performance and confusion in implementing planned activities.

When the authority is delivered after an organization is divided into different managerial units, each unit starts to work as an autonomous organization. According to effective planning, a predefined general goal helps organize the activities of different groups of an organization only when properly coordinated.

But if the organizational structure becomes complex, it will be challenging to organize different groups based on general goals.

Every department enjoys some autonomous power and facilities according to the norms of the management process. As every department is a part of the bank, relationship building among the departments is essential for undertaking the right approach in realizing the bank’s goals in general and the unit in particular.

Every bank manager is basically a coordinator, and they play an important role by directing and helping the personnel working under his management area. As a coordinator, they coordinate the work of their subordinates in the group with other groups of the bank or other groups outside the bank.

When a bank manager is assigned with mid-level or lower-level management , he may find it difficult to make a relationship between an unrelated work with their department’s goals. But a manager should motivate his people to coordinate with that work. For ease of coordination, different types of tools are used. Communication is one of them.

In the case of communication, honesty is necessary. The flow of information will be effective if a manager is honest in providing training to their subordinates. Employee and work-schedule coordination ability is the prerequisite of a successful manager. A successful manager adjusts with the personal goal of the employees and the organizational goals through guidance , counseling, and direction.

Motivation is the most discussed issue of the bank officials and bank management process. It is the key to employees’ work performance with the required efficiency. Group activities at)d satisfaction depend on it. A human being is the source of their motivation. A bank manager helps to create some stimuli among the employees to be self-motivated.

A bank manager should be concerned about the high ambition of human beings. Work satisfaction is the prerequisite of success. On the other hand, work success influences work satisfaction. Every efficient manager has to find out some ways so that employees can assess their success. There are different ways of self-assessment: for example –

  • • Evaluation
  • • Appraisal
  • • Performance review
  • • Merit rating

Each of these has two basic procedures:

  • Evaluation for quality improvement
  • Evaluation to remove weaknesses

In every organization, such systems should be established, which will help the employees to judge themselves logically. A manager has to use the assessment tools properly. Besides determining the evaluation criteria, banks should ensure a positive & neutral evaluation system to establish efficient management. If the assessment is unbiased and friendly to overcome the weak side of the employees, they will be motivated to work properly.

The prize, honorarium & remuneration, medals, promotion, transfer to preferred place, training, travel and lours, etc., are some tools popularly used to raise motivation. A good reward system is necessary to encourage and acknowledge the contribution of self-motivated managers.

Most people want success in their professional life. So an efficient manager gives freedom to subordinates to reach a better position because they know that the highly skilled employees may change the job to achieve more professional development and reach a better position.

In this way, managers try to improve the employees’ work efficiency by giving them the freedom to reach better professional positions. Effective motivation not only raises productivity but also reduces employee turnover to a great extent.

Of all the functions of management in banking, probably the most thoroughly executed is controlling. The reason stems from the role that commercial banks play in our society.

Banks, more than any other industry , rely on public confidence. Banks hold the bulk of the cash balances of the nation and are closely regulated by bank regulatory agencies that have spawned a multitude of rules and regulations. High standards and accuracy are expected of them.

There are many avenues for control in commercial banks. Banks are noted for the multitude of information systems made possible by the computer age and the consumption of tons of paper. There seem to be reports available on every function.

Many banks have an audit department that does not normally employ an outside accounting Finn to perform a periodic audit of the bank. Auditing is concerned with reviewing transactions for accuracy and determining whether such transactions have been recorded in conformity with accepted accounting principles and banking regulations.

Excellent external control is the bank examination. Federal and or state regulatory authorities usually examine a bank once a year and those in financial difficulties more often.

To achieve the specific goals, managers of hanks must be efficient. The accuracy of decision-making must be ensured to reach the goals by focusing on the past, present, and future. This requires appropriate knowledge and personality .

Appropriate knowledge is enhanced in the light of relevant education, training, and experience. That’s why philosopher Socrates emphasizes the gathering of knowledge. But according to Einstein, only knowledge is not sufficient for success.

Rather, and imaginative capacity is also highly required. A bank manager must focus on earning appropriate profits for the shareholders.

Efficient bank managers take every decision in the context of present and future potentiality. They cannot overlook the interest of the stakeholders. It must be remembered that there are no alternatives for achieving a bank’s success without efficient and quality service.

It must be mentioned that business people are not the only customers for banks in society. Other service-related people are either depositors of borrowers or both.

On the other hand, there are different types of business customers. Some are producers, some are sellers, and some are consumers. These businessmen are the owners of the big, medium, or small business houses. The bank manager should keep good relations with every kind of customer to perform the transaction for success.

One successful bank manager must keep positive relationships with every customer. To build stable good relations, the bank manager should know some useful information about their client, if not all but something.

Now that you are familiar with bank management; explore complete guideline on banking and banking fundamentals .

  • Bank Reconciliation Statement: Definition, Types, Template
  • Primary Reserve of Bank
  • Loan Administration: Meaning, Structure of Loan Administration
  • What is Deposit Insurance in Banking?
  • Relationship Between Banker and Customer
  • Difference Between Islamic Banking & Conventional Banking
  • What is Bank Charge? Types of Bank Charges
  • Bank Regulation: Meaning, Objectives, Tools, Strategies
  • Bank as Agent, Trustee, Executor, Administrator For Customer!
  • Understanding X-Efficiency in the Banking Industry
  • Bank Customer: Definition, Obligation, Relationship
  • Types of Banking [12 Different Types of Banks in the World]
  • Bank Deposit Management: Objectives, Levels, Deposit Processing Steps
  • Pay Order and Demand Draft
  • Bank Capital Management: Types, Functions, Planning, Importance

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A FULL-CLI (not very) simple bank management project in Python / my CS project...

OJASisLive/Bank-Management-System-Python-SQL

Folders and files, repository files navigation, old notice:.

See this pull request for details about merger of "shorten-the-code" branch into the main branch.

Bank Management System:

First of all, whole code is written by me and nothing has been copy pasted fron anywhere.

The project has Dependencies which are all open sourced (modules such as pickle, csv, mysql-connector)

Requirements:

  • MySQL workbench 8.0

because I've tested the code using these versions only...

Run the file named "main.py" and follow the instructions of the program...

How to reset:

Open the file named "firsttime.txt" and change the value from False to True (case sensitive)

Troubleshooting:

I suspect that the people who haven't set a password for SQL may encounter an error. (will fix it later)

I strongly suggest users to have a password set in MySQL.

Check if the terminal shows the message "Connection established successfully"

That means you entered your credentials properly

Any other exception will pop up in the terminal...

More information/Structure/Wiki

This project aims to create a bridge between Python and SQL and use it in real world problems/applications...

This project is currently under development...

  • Python 100.0%

Top 9 Banking Project Ideas & Topics For Beginners

Top 9 Banking Project Ideas & Topics For Beginners

India has approximately 1.4 billion inhabitants , with an expanding network of banks and non-banking financial companies (NBFC) to perform a wide range of financial services, implying its indomitable popularity among candidates. 

Most candidates are enthusiastic about embarking on a career in the banking sector but are clueless about how to gain practical exposure. It takes time to become fully experienced with various aspects of this sector. However, you can begin working on some common banking projects that provide you with practical exposure and significantly boost your career!

Let’s explore top banking projects that will help you to improve your skills and portfolios.

1) Internet Banking System

This online banking system project integrates different interactions between the bank and customers. It benefits customers with an appropriate interface to obtain online banking services. Consequently, customers can access their accounts from anywhere. Hence, the bank can manage customer requests more effectively and efficiently. Ultimately, it saves customers time since they can obtain their account-related information without physically approaching the bank.

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The following list shows some of the key features this project handles:

  • Balance Enquiry
  • Bill Disbursements
  • Analyse Statement of Account
  • Chequebook requests
  • Stop cheque requests
  • Check payment status
  • Lodging complaints for loss of ATM cards
  • Earlier transaction report
  • Transfer of funds between accounts
  • The imposed interest rate for different loan schemes and deposit schemes

2) Home Loans by banks

For beginners, it is one of the most useful projects. The reason is it helps you recognise the influence of home loans offered by banks. It also focuses on how such loans differ from other lending systems. The project can help state the home loan interest rates along with the capital limit. In this project, the banks must define the home loan eligibility criteria. For example, the banks can mention a specific credit score and income that are considered acceptable to receive a home loan.

Check out free courses at upGrad.

3) ATM Banking System

ATM Banking System

ATM (Automatic Teller Machine) Banking System connects to a network that provides banking functions to customers. Specifically, this bank management system project allows customers to access their bank accounts, check their balances, conduct fund transfers, retrieve money, and perform other ATM processes.

4) Mobile Banking System

Mobile Banking System

It is a mobile banking solution that enables transactions via WAP-enabled mobile phones and SMS. With the help of this online banking system project, customers can access their accounts via their mobile phones from anywhere. No need to use an internet connection or computer.

Working on this project guides the students on providing access to the account while the customer travels or when they are in a location where the mobile phone and SMS services are unavailable. WAP (Wireless Application Protocol) is implemented to facilitate safe online access to mobile banking through mobile devices.

Some key features it supports are balance inquiries, complaints about losing an ATM card, funds transfer, cheque payment status, sending chequebook requests, and earlier transaction reports.  

Explore our Popular Management Courses

5) asset liability management system.

This bank management system project serves as a risk management platform. It assists a bank in making investment-related decisions. Moreover, it assists a bank in upkeeping the credit reserve ratio (CRR), the obligatory statutory liquidity ratio (SLR), and other ratios according to Reserve Bank of India (RBI) guidelines. It also works on various risk management modules like data analysis, graphical analysis, and interest rate calculation.

You can work on the following features while working on this project:

  • Connect different categories with users
  • Change/delete an existing user, add a new user
  • Define user-level permissions
  • Register the bank and its branches to ALM (Asset Liability Management) system
  • Data processing after defining all the key requirements

6) Corporate e-banking

Corporate e-banking

It helps you observe the corporate banking relationships for cash management, liability products, assets, trade finance, and limits. It serves as a unified banking solution for small businesses and corporations. The bank customers can easily view information about their accounts and transaction limits. They can access transactions and trade finance details, make transactions, and manage cash. Moreover, it guarantees exceptional fund security and supports various authentication systems.  

7) Forex Management System

It automates the foreign exchange operations of any bank branch and enables the bank to manage the business’ complexities when dealing with foreign exchange. It implements features that allow acceptance of foreign currency and FC Travelers Cheques from both bank customers and non-customers. In India, the average salary of a forex manager is around INR 13 Lakhs per annum . Working on this project can boost your chances of obtaining such a high-paying job in India.

 Other features it supports are:

  • Handling inward and outward foreign remittance
  • Upholding accounts in foreign currency
  • Handling import/export bills
  • Import Letters of Credit
  • Handling foreign currency cash balances
  • Foreign currency loans

8) Consumer Credit Collection Approaches

Currently, businesses have to tackle the challenges related to the credit risk environment. To overcome those challenges, businesses must understand various approaches implemented in global banking. This project provides a thorough understanding of various approaches to accomplish collection processes in the consumer domain. Moreover, it suggests best practices to optimise the initiatives. The project reviews the bank’s existing collection approaches and recognises the adjustments required.

Our Top Management Articles

9) credit card positioning.

Since the new credit cards feature complex characteristics, it is challenging to communicate with customers. The new credit cards face tough competition with universal brands. This project aims to boost brand awareness and integrate new services as a generic brand within its category. Moreover, it creates a set of new product characteristics and sales approaches to selling them to the appropriate customers. It provides recommendations for setting up a new credit card considering the marketing tactics, product characteristics, and profit.

Get Started With Your MBA Journey on upGrad

Working on banking projects through your bachelor’s is an excellent way to flourish in your future career advances. However, obtaining an MBA in the relevant domain can be another feather on your cap, exhibiting your dedication and will to keep up with the in-demand banking trends. upGrad’s MBA with Specialisation by Liverpool Business School can be that addition that your career seeks to grow manifolds!

The program features bestselling MBA specialisations, including Finance, Marketing, Business Analytics, HR, Leadership and Supply Chain Management, enabling candidates to opt for the one that suits their field of interest. 

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Working on banking projects and ideas provides practical exposure and helps you explore outstanding job opportunities. Practising your preferred banking project reinforces your career path and brings you closer to achieving your career goals. Furthermore, they prepare you to crack tough job interviews. Whether you want to embark on a career in an MBA in General Management.

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Frequently Asked Questions (FAQs)

Here are a few benefits of pursuing a banking career. (i) High job security (ii) Competitive salary (iii) Decent work-life balance (iv) Various opportunities for promotion (v) Additional perks like medical insurance, maternity leaves, sick leave, and retirement options (vi) Wide range of job roles to choose from including accounting, consumer banking, commercial banking, operations and business management.

Here are the three key sources of income for banks. (i) Commission: Banks provide various services to their customers and charge commission for the same. (ii) Interest on investments: Banks capitalise a significant share of their resources in government and other top-notch industrial securities. (iii) Interest rate on loans: The banks borrow money for lending the same at a higher interest rate.

The individuals can pursue one of the common career paths to explore outstanding job opportunities. These career paths include bank teller, private banker, investment banker, bank clerk, credit analyst, financial analyst, loan officer, auditor, wealth manager, bank relationship manager, banking associate, and finance manager.

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Online Banking System Project Proposal Template

Online Banking System Project Proposal Template

In today's digital age, online banking has become an essential part of our lives. But developing a robust and secure online banking system is no easy task. That's where ClickUp's Online Banking System Project Proposal Template comes in!

With this template, you can streamline the entire process of developing an online banking system, ensuring that your project is a success. Here's how ClickUp's template can help:

  • Define project goals, objectives, and deliverables to keep everyone on the same page.
  • Plan and allocate resources effectively to ensure a smooth development process.
  • Track progress and milestones to stay on schedule and within budget.

Whether you're a financial institution or a software development company, ClickUp's Online Banking System Project Proposal Template is your key to creating a secure and user-friendly online banking experience. Get started today and revolutionize the way your customers manage their finances!

Benefits of Online Banking System Project Proposal Template

Example 5: When it comes to proposing an online banking system project, having a well-structured and comprehensive proposal is crucial. With the Online Banking System Project Proposal Template, you can:

  • Clearly outline the project objectives, scope, and deliverables
  • Present a detailed timeline and budget for the project
  • Demonstrate your understanding of the banking industry and its specific requirements
  • Showcase your team's expertise and experience in developing secure and user-friendly online banking systems

Main Elements of Online Banking System Project Proposal Template

ClickUp's Online Banking System Project Proposal template provides a comprehensive framework for planning and executing your online banking project. Here are the main elements of this Whiteboard template:

  • Custom Statuses: Track the progress of your project with two customizable statuses - Open and Complete - to ensure transparency and accountability throughout the project lifecycle.
  • Custom Fields: Utilize custom fields to capture essential project details, such as project budget, timeline, stakeholders, and risk assessment, ensuring all necessary information is easily accessible and organized.
  • Custom Views: Access two different views - Project Proposal and Getting Started Guide - to streamline your project planning and execution. The Project Proposal view allows you to outline project objectives, deliverables, and milestones, while the Getting Started Guide view provides a step-by-step roadmap for project initiation.
  • Collaboration Tools: Leverage ClickUp's collaboration features, including task assignments, comments, and file attachments, to foster effective communication and collaboration among team members.
  • Integration Capabilities: Seamlessly integrate with other tools and platforms, such as email and AI-powered systems, to streamline project workflows and enhance productivity.

How to Use Project Proposal for Online Banking System

If you're looking to propose an online banking system project, follow these steps to effectively use the Online Banking System Project Proposal Template in ClickUp:

1. Define the project scope and objectives

Clearly outline the scope of your online banking system project and define the objectives you aim to achieve. This could include features like secure login, account management, fund transfers, and transaction history. Be specific about what you want to accomplish with this project.

Use Goals in ClickUp to define and track the project scope and objectives.

2. Identify key stakeholders and their roles

Determine who the key stakeholders are for your online banking system project. This could include the project sponsor, development team, IT department, and end-users. Assign roles and responsibilities to each stakeholder to ensure everyone knows their part in the project.

Use custom fields in ClickUp to assign roles to each stakeholder and keep track of their responsibilities.

3. Create a timeline and set milestones

Develop a timeline for your online banking system project, including important milestones that need to be achieved along the way. This could include completing the design phase, development phase, testing phase, and deployment phase. Set realistic deadlines for each milestone to keep the project on track.

Use the Gantt chart view in ClickUp to create a visual timeline and set milestones for your project.

4. Outline the project deliverables and resources needed

Identify the specific deliverables that need to be produced for your online banking system project, such as wireframes, user interface designs, and functional prototypes. Additionally, determine the resources needed to complete the project, including the required technology, software, and team members.

Use tasks in ClickUp to outline the project deliverables and assign them to team members. Utilize custom fields to track the required resources for each task.

5. Present the proposal and gather feedback

Once you've filled out the Online Banking System Project Proposal Template, it's time to present it to the relevant stakeholders. Share the proposal with them and gather their feedback and input. This will help refine the proposal and ensure that everyone is aligned with the project goals.

Use the Docs feature in ClickUp to easily share the proposal with stakeholders and collect their feedback directly in the document.

By following these steps and utilizing the Online Banking System Project Proposal Template in ClickUp, you can effectively propose and manage your online banking system project, ensuring its success from start to finish.

add new template customization

Get Started with ClickUp's Online Banking System Project Proposal Template

Banks and financial institutions can use this Online Banking System Project Proposal Template to streamline the process of proposing and launching a new online banking system.

First, hit “Get Free Solution” to sign up for ClickUp and add the template to your Workspace. Make sure you designate which Space or location in your Workspace you’d like this template applied.

Next, invite relevant members or guests to your Workspace to start collaborating.

Now you can take advantage of the full potential of this template to kickstart your online banking system project:

  • Use the Project Proposal View to clearly outline the goals, scope, objectives, and timeline of the project
  • The Getting Started Guide View will serve as a step-by-step guide to help team members understand the project requirements and get up to speed quickly
  • Organize tasks into two different statuses: Open and Complete, to keep track of progress
  • Update statuses as you complete tasks to keep team members informed of the project's progress
  • Assign tasks to team members and set deadlines to ensure accountability
  • Collaborate with stakeholders to gather feedback and make necessary revisions
  • Monitor and analyze the project's progress to ensure successful implementation of the online banking system.
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COMMENTS

  1. bank-management-system · GitHub Topics · GitHub

    To associate your repository with the bank-management-system topic, visit your repo's landing page and select "manage topics." GitHub is where people build software. More than 100 million people use GitHub to discover, fork, and contribute to over 420 million projects.

  2. Bank Management System Project Report and Documentation

    Abstract: The bank management system project is a program that keeps track of a client's bank account.This project demonstrates the operation of a banking account system and covers the essential functions of bank management software. It develops a project for resolving a customer's financial applications in a banking environment to meet the needs of an end banking user by providing ...

  3. Bank Management System in C++ [Project with source code]

    Introduction. In this article at OpenGenus, we will cover how to create a bank management system in C++ programming language. A bank management system can be used to manage a bank account, withdraw and deposit funds, and check the account balance.. Specifically, our system will support user login with a username and password as well as the ability to save data of an account and its banking ...

  4. Core systems strategy for banks

    Core systems strategy for banks. Next-gen cloud-based core banking systems are gaining traction and have the potential to become alternatives to traditional core banking systems. May 4, 2020 Core transaction processing engines for banks—or "core banking systems"—have been making news in the world of banking technology of late.

  5. System Design of Bank Management System

    The bank management system is a multi-client system that must reach response time targets for each of the clients during simultaneous calls and must be able to run a target number of transactions per second without failure. The system must effectively utilize the hardware and energy resources to minimize operational costs. Usability.

  6. banking-system · GitHub Topics · GitHub

    A Database project on Bank Management System using JavaFX and MySQL. java javafx project banking mysql-database database-management banking-applications fxml dbms-project xampp-server banking-system dbmsminiproject Updated Jan 25, 2020; Java; abhi9720 / BankingPortal-API Star 44. Code ...

  7. bank-management-system · GitHub Topics · GitHub

    The Bank Management System is a Java-based application designed to manage various operations within a bank, including deposit and withdrawal transactions, loan management, client data, and more. java project teamwork object-oriented-programming bank-management-system object-oriented-programming-in-java. Updated on Dec 1, 2023.

  8. Bank Management System Project in Python [Source Code]

    Our bank management system project in Python is a console that performs the essential functions of banking software. It lets the user create a new account, view the account's records, make deposits and withdrawals, and edit account details. It's quite a simple project, so even if you don't have any experience in working on Python projects ...

  9. Banking Management Project in Spring Boot, Microservices and ReactJS

    The Online Bank Management System is a web application that is built using modern technologies to offer a secure and user-friendly platform for banking operations. This project uses Spring Boot, Hibernate, JPA, Microservices, JWT authentication, ReactJS, and Bootstrap to create a robust and scalable online banking system. The Online Bank ...

  10. Banking Management System Project documentation

    Problem in Current System: The Bank Management System is an application for maintaining a person's account in a bank. The system provides the access to the costumer to create an account, deposit/withdraw the cash from his account, also to convert currency. The following documentation provides the specification of the system.

  11. bank-management · PyPI

    Banking-Management . Project for 533. Developers: Alan Zhang && Yuyang Peng. Overview. The AZYY Bank Management System is a Python package designed to simulate a simple banking system with user and admin functionalities. It includes features such as user registration, client and admin management, investment handling, and more. ...

  12. (PDF) Bank Account Management System

    The "Bank Account Management System" project is a model Internet Banking Site. This site . enables the customers to perform the basic banking transactions by sitting at their office or at .

  13. class 12 computer science python project with source code

    Conclusion. Creating a Bank Management System as a class 12 computer science project using Python empowers you with practical programming skills and a deeper understanding of the banking domain.

  14. Banking Management System

    Thus, Banking Management System is introduced to resolve this issue. Two views will be managed having their own different functioning; one for the customer and other one for the bank authorities. Among the bank authorities, different persons will manage data and records for different bank related works with each person having a different view ...

  15. banking-management · GitHub Topics · GitHub

    This project is a simple Bank Management System implemented in C with modular approach, designed to manage customer accounts, transactions, and account information. It provides basic functionalities like creating a new account, updating account details, making transactions (deposit and withdrawal), checking balances, view customer details and more.

  16. PDF PROJECT MANAGEMENT IN BANKING

    services, lending, electronic banking, project management and system conversion management. Her collaborative approach helps her teams and clients achieve measurable results. Profit Resources Incorporated (PRI) strengthens financial institutions by improving profitability and efficiency, so that they can best serve

  17. Bank Management System

    Bank Management System. 1. BANK MANAGEMENT SYSTEM. 2. 3. Aim To develop a software for solving financial applications of a customer in banking environment in order to nurture the needs of an end banking user by providing various ways to perform banking tasks. Also to enable the user's workspace to have additional functionalities which are not ...

  18. Banking Management System

    The "Bank Account Management System" project is a model Internet Banking Site. This site enables the customers to perform the basic banking transactions by sitting at their office or at homes through PC or laptop. The system provides the access to the customer to create an account, deposit/withdraw the cash from his account, also to view ...

  19. Bank Management: Definition, Objectives, Concept

    The main objective of bank management is to build an organic and optimal interaction system between the elements of banking mechanisms with a view to profit. Every successful banker has to perform managerial responsibilities along with technical banking activities. Although a bank is a financial institution like other businesses, its main ...

  20. GitHub

    Bank Management System: First of all, whole code is written by me and nothing has been copy pasted fron anywhere. The project has Dependencies which are all open sourced (modules such as pickle, csv, mysql-connector)

  21. Top 9 Banking Project Ideas & Topics For Beginners

    5) Asset Liability Management System. This bank management system project serves as a risk management platform. It assists a bank in making investment-related decisions. Moreover, it assists a bank in upkeeping the credit reserve ratio (CRR), the obligatory statutory liquidity ratio (SLR), and other ratios according to Reserve Bank of India (RBI) guidelines.

  22. Online Banking System Project Proposal Template

    Example 5: When it comes to proposing an online banking system project, having a well-structured and comprehensive proposal is crucial. With the Online Banking System Project Proposal Template, you can: Clearly outline the project objectives, scope, and deliverables; Present a detailed timeline and budget for the project