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Design and Study of Financial Transaction Model for BUID

by Vaibhav R. Bhedi
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 57 - Number 13
Year of Publication: 2012
Authors: Vaibhav R. Bhedi
10.5120/9173-3574

Vaibhav R. Bhedi . Design and Study of Financial Transaction Model for BUID. International Journal of Computer Applications. 57, 13 ( November 2012), 12-15. DOI=10.5120/9173-3574

@article{ 10.5120/9173-3574,
author = { Vaibhav R. Bhedi },
title = { Design and Study of Financial Transaction Model for BUID },
journal = { International Journal of Computer Applications },
issue_date = { November 2012 },
volume = { 57 },
number = { 13 },
month = { November },
year = { 2012 },
issn = { 0975-8887 },
pages = { 12-15 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume57/number13/9173-3574/ },
doi = { 10.5120/9173-3574 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:00:20.275550+05:30
%A Vaibhav R. Bhedi
%T Design and Study of Financial Transaction Model for BUID
%J International Journal of Computer Applications
%@ 0975-8887
%V 57
%N 13
%P 12-15
%D 2012
%I Foundation of Computer Science (FCS), NY, USA
Abstract

The paper has tried to focus to remove the drawback of current financial system by introducing the financial transaction model will be worked through customer's BUID ((Bank unique Identification) coded card. The BUID can be easily unified in current financial system. ATM, Kiosk, Funds, Call Center, Internet, Portal and Mobile with BUID will be used to make transaction using financial transaction model in overall financial system. The BUID will be well-built to execute a position to augment the present financial core system for Bank, Insurance, Shares, Bonds, Post Office, Income tax, Import/Export and loans through several channels. Here the financial transaction model is designed to connect all financial institutes in a network 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 financial transaction model with BUID will become dynamic to perform a role to boost up the present 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. Vaibhav R Bhedi, Ujwal A Lanjewar and Shrinivas P Deshpande, "Design and Study of 7 - Tier Architecture Model for Opening Account in Present Financial System". International Journal of Computer Applications (0975 – 8887) 37(3):25-29, January 2012. Published by Foundation of Computer Science, New York, USA.
  3. C. S. R. Prabhu, "Data warehousing concepts, Techniques, Product & Application", Third Edition, April 2011, PHI publication pp. 8-28.
  4. Scott Simmons, "Modernizing banking core systems" online available: http://www. ibm. com/developerworks/websphere/techjournal/0809_col_simmons/0809_col_simmons. html
  5. IBM Global Business Services. "IBM Institute for business value". Online available: http://www-05. ibm. com/de/financialservices/pdf/ibv_soa_banking. pdf
  6. Vaibhav R Bhedi, Ujwal A Lanjewar and Shrinivas P Deshpande, "BUID: A Virtual Agent to Become Robust Integrated Core Financial System". International Journal of Advanced Research in Computer Science Volume 3, No. 3, May-June 2012.
  7. M/S S. Sathnanakrishanan, 2005. Information System for Banks, 2005, M/S/, Taxman publication, Pvt. Ltd.
Index Terms

Computer Science
Information Sciences

Keywords

Design Study

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