The Application Of Computer To Banking
A web based system help an organization to reduce physical contact with their clients, customers, buyers etc., it help the organization to pass circulars, collect personal and vital information from registration process, organization can collect detail documentation of biographical data of her employees and clients within a short period of time.
This is a Project work undertaken in context of computerization in commercial bank as simple as possible using Structured & Modular technique & Menu oriented interface. I have tried to design the software in such a way that user may not have any difficulty in using this package & further expansion is possible without much effort. Even though I cannot claim that this work to be entirely exhaustive, the main purpose of my exercise is perform each Employee’s activity in computerized way rather than manually which is time consuming.
1.1 BACKGROUND OF THE STUDY
The study focuses on Computerization in commercial Bank, the introduction of computer to Banking operation has transform the banking system and has make banking easy and flexible.
In spite of the several measure adopted by the banks in other to carry out their day to day transaction due to the increase of customer coming to bank to carryout transaction day to day. It is yet to meet its objective of effectiveness. This study was born out of the need to profound a lasting solution to the banking transaction as it has to do with Access Bank plc.
1.2 STATEMENT OF THE PROBLEM
Computerization in commercial Bank has some problem that must also be considered when evaluating our prospect for achieving economic growth and stability in the Access bank Plc. The research is to identify those areas where the concept of a website may be effectively utilized and establish the solution to online banking problems of Access bank Plc. in Maraba, Nasarawa state. Some of the problems are as follow:
1.3 OBJECTIVE OF THE STUDY
The objective of this research includes the following:
1.4 SIGNIFICANCE OF THE STUDY
Many businesses have been stunted by lack of liquid fund prompt payment by customers. These are therefore many options left for Eco Bank. Some of the option is:
1.5 THE RELEVANCE OF THE STUDY
The relevance of the study is therefore to:
1.6 SCOPE OF STUDY
The topic “computerization in Commercial Bank” is one that needs comparative analysis of two or more department within the Bank to reveal the relationship and variance among them. But due to financial and other constraint, the research work only covers the Access Bank plc.
1.7 LIMITATION OF THE STUDY
The following were the hindrance encountered during the research work.
1.8 RESEARCH QUESTION/ HYPOTHESIS
This topic Computerization in commercial Bank, is designed with the following study taking into cognizant.
1.9 DEFINITION OF TERMS
CASH: Cash is any medium of exchange that bank will accept as face value e.g bank draft currency, cheque money orders and bank deposit.
CASH MANAGEMENT: This the management of the monies of a flow in order to attain maximum cash availability and maximum interest income on any surplus cash or idle fund it is the control over responsibility for the acquisition and investment of funds.
CASH BUDGET: This is an estimate of cash receipt and disbursement for a future period cash requirement cash resource of various point within the period and cash at hand at the end of the previous.
BUDGETARY CONTROL: These systems which use budget have a means of planning and control all aspects at producing or selling commodities or services. Although financial oriented it require full recognition to be given to the fact that participation of director and manager is essential.
CASH FLOW: This a tracing in successive steps and item of aggregate of income or expenditure from their recognition in the account to their final disposition or less identity.
FLOAT: Is the deposit that has been credited conditionally by a bank to its customer account cheque may not draw against such deposit cleared three days or less are normally required for domestic paper where the bank experience with a customers or with certain type of paper has been satisfactory
LIQUIDITY: This refers to a firm or corporation cash position with its ability to meet maturing obligation.