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Reseach Article

Design and Study of 7 ñ Tier Architecture Model for Opening Account in Present Financial System

by Vaibhav R. Bhedi, Ujwal A. Lanjewar, Shrinivas P. Deshpande
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 37 - Number 3
Year of Publication: 2012
Authors: Vaibhav R. Bhedi, Ujwal A. Lanjewar, Shrinivas P. Deshpande
10.5120/4588-6530

Vaibhav R. Bhedi, Ujwal A. Lanjewar, Shrinivas P. Deshpande . Design and Study of 7 ñ Tier Architecture Model for Opening Account in Present Financial System. International Journal of Computer Applications. 37, 3 ( January 2012), 25-29. DOI=10.5120/4588-6530

@article{ 10.5120/4588-6530,
author = { Vaibhav R. Bhedi, Ujwal A. Lanjewar, Shrinivas P. Deshpande },
title = { Design and Study of 7 ñ Tier Architecture Model for Opening Account in Present Financial System },
journal = { International Journal of Computer Applications },
issue_date = { January 2012 },
volume = { 37 },
number = { 3 },
month = { January },
year = { 2012 },
issn = { 0975-8887 },
pages = { 25-29 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume37/number3/4588-6530/ },
doi = { 10.5120/4588-6530 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T20:23:21.076197+05:30
%A Vaibhav R. Bhedi
%A Ujwal A. Lanjewar
%A Shrinivas P. Deshpande
%T Design and Study of 7 ñ Tier Architecture Model for Opening Account in Present Financial System
%J International Journal of Computer Applications
%@ 0975-8887
%V 37
%N 3
%P 25-29
%D 2012
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Today core banking has become the major part of financial system. Presently, to fulfill the basic financial needs, the customer open different account numbers in different banks, financial institutions, Provident funds, Mutual funds, Insurances, etc. for various transactions. The major drawback of this system is that, there is no unique identification code of a customer to maintain various transactions and different accounts detail in different branches of different banks and financial institutions. In this paper, we have tried to focus to remove the above drawback by introducing the 7-tier architecture to maintain the Bank unique identification code (BUID code). Here the 7-tier architecture model is designed with the seven layers with the use of biometric tools and the data of customers are stored in Data Warehouse through data mart. This model will help in decision making process by using OLAP and OLTP tools. The main advantage of this model is that the 7-tier architecture model with BUID can easily blend with current finance system. Thus the 7-tier architectural model can become a robust to perform a role to enhance the present account opening process in financial system.

References
  1. Finacus Solution Pvt. Ltd. Finacus powered by innovation. “FINcore core banking system”. Online Available: http://www.finacus.co.in/fincore.html
  2. Scott Simmons, “Modernizing banking core systems” online available: http://www.ibm.com/developerworks/websphere/techjournal/0809_col_simmons/0809_col_simmons.html
  3. IBM Global Business Services. “IBM Institute for business value”. Online available: http://www-05.ibm.com/de/financialservices/pdf/ibv_soa_banking.pdf
  4. M/S S. Sathnanakrishanan, 2005. Information System for Banks, 2005, M/S/, Taxman publication, Pvt. Ltd.
Index Terms

Computer Science
Information Sciences

Keywords

7-tier Architecture Bank Unique Identification (BUID) OLTP OLAP Bank Account Number (BAN)