Computerized Secured Bank Transaction Simulation System:- Amuchie, Somadina O.
ABSTRACT
The electronic banking
(e-banking) system has become an important practice among commercial banks in
Nigeria. The introduction of this banking system has improved banking
efficiency in rendering services to customers and the public. However, the
gains of e-banking have been associated with some hindrances ranging from
internet failure to arbitrary withdrawal of money by customers which negates
the cashless policy projected by the Central Bank of Nigeria (CBN). I was
motivated to embark on this research because of to high risk of fraud in the
country and the threat to the citizens of Nigeria causing many people to die prematurely
due to the shock of financial fraud done on their bank account. This is due to
poor e-banking security. It was in line with this that the study aims to
examine the challenges facing this e-banking system and the prospects accruable
to its adoption of a computerized secure bank transaction simulation system.
Among the various suggestions made in this study to benefit maximally from
e-banking- include the provision of an enabling environment that can guarantee the
safety of lives and cash deposits of customers, provision of an interrupted
power supply, and internet service to enjoy efficient services from the banks.
The system was achieved by developing a computerized secure bank transaction
simulation system, developing a platform that educates the public about
e-banking frauds, and creating a module that introduces the use of bank
transaction simulators to help customers familiarize themselves with e-bank for
easy and better understanding of the process, build a database structure used
to store data, design a platform that examines the challenges facing the
current e-banking transaction system in Aba, among selected bank, create a
platform that describes the possible opportunities for the adoption of the
prospect computerized secured bank transaction simulation system. Enforceable
e-banking regulations should be put in place to back up the cashless policy
already initiated by the CBN. This will go a long way to reduce money
laundering and reckless withdrawal of cash (account siphoning by so-called Yahoo
boys) thereby boosting capital formation and investment in the economy. This
research was realized through the adoption of primary and secondary sources of
data collection which includes interviews, observation, questionnaires, the Internet,
and journals. And the adoption of rapid application development (RAD)
methodology. The system is implemented by using HTML as the front end, PHP as the
back end and MYSQL as the database.
Table of Contents
Title
page i
Certification ii
Dedication
iii
Acknowledgment
iv
Table
of Contents v
Abstract ix
CHAPTER ONE:
INTRODUCTION
1.1 Background of Study 1
1.2 Statement of problem 4
1.3 Aim and objectives of the study 5
1.4 Significance of Study 6
1.5 Scope
of the Study 6
CHAPTER TWO: LITERATURE REVIEW
2.0 Overview of Related Literature 7
2.1
The Concept of E-Banking 7
2.2
E-Banking and Nigerian Monetary Policy 8
2.3
Evolution of E-Banking 9
2.4
Types of E-banking 10
2.5 Society for Worldwide Inter-Bank
Financial Telecommunication (SWIFT) 12
2.6
Importance of E-Banking 12
2.6.1
From the Bank Point of View 12
2.7.3
Benefits from the Customers’ Point of View 15
2.7.2 Benefits to the General Economy 17
2.8
E-Banking System in the Ethiopian Banking Industry 17
2.9
Frauds in Banks 18
2.10
Classification of Bank Fraud 20
2.11 Causes of Frauds in
Nigeria Banks 23
CHAPTER THREE:
RESEARCH METHODOLOGY AND SYSTEM ANALYSIS
3.1 Research Methodology 25
3.1.1
Choice of the Research Methodology 25
3.2 Analysis of the existing system 28
3.2.1
Weaknesses of the existing system 29
3.3 Method of Data Collection 29
3.3.1
Primary source of data 29
3.3.2
Secondary source of data 30
3.4
Dataflow Diagram of the proposed system 30
3.5
Flowchart of the proposed System 30
3.6
Class Diagram of the proposed system 31
3.7
Activity Diagram of the proposed system 32
3.8
Analysis of the proposed system 34
3.8.1
Input analysis of the proposed system 34
3.8.2
Output analysis of the proposed system 35
3.8.3
Data analysis of the proposed system 35
CHAPTER FOUR:
SYSTEM DESIGN AND IMPLEMENTATION
4.1 System Specification 36
4.1.1
Hardware Requirements 36
4.1.2
Human Resource Requirements 37
4.1.3
Financial Requirements 37
4.1.4
Functional Requirements 37
4.1.5
Non- Functional Requirements 37
4.2 Overview of Software Design 38
4.2.1 Model diagram of the proposed system 39
4.2.2 Architecture of the proposed system 40
4.2.3 Operational mechanism for the proposed system 41
4.2.4
Input Form Design 42
4.2.5 Output Form Design
43
4.2.6 Database Design
43
4.3 System Implementation 43
4.3.1 Input Form Implementation 44
4.3.2 Output Form Implementation 46
4.3.4 Database Table Implementation 47
CHAPTER FOUR: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary 48
5.2 Conclusion 48
5.3
Recommendation 50
REFERENCES
APPENDICES
0.0
AMUCHIE, O (2024). Computerized Secured Bank Transaction Simulation System:- Amuchie, Somadina O.. Repository.mouau.edu.ng: Retrieved May 06, 2024, from https://repository.mouau.edu.ng/work/view/computerized-secured-bank-transaction-simulation-system-amuchie-somadina-o-7-2
OBIOMA, AMUCHIE. "Computerized Secured Bank Transaction Simulation System:- Amuchie, Somadina O." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Jan. 2024, https://repository.mouau.edu.ng/work/view/computerized-secured-bank-transaction-simulation-system-amuchie-somadina-o-7-2. Accessed 06 May. 2024.
OBIOMA, AMUCHIE. "Computerized Secured Bank Transaction Simulation System:- Amuchie, Somadina O.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Jan. 2024. Web. 06 May. 2024. < https://repository.mouau.edu.ng/work/view/computerized-secured-bank-transaction-simulation-system-amuchie-somadina-o-7-2 >.
OBIOMA, AMUCHIE. "Computerized Secured Bank Transaction Simulation System:- Amuchie, Somadina O." Repository.mouau.edu.ng (2024). Accessed 06 May. 2024. https://repository.mouau.edu.ng/work/view/computerized-secured-bank-transaction-simulation-system-amuchie-somadina-o-7-2