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Database System In Banking

1313 Words6 Pages

1.1 Abstract: in this research paper we will talk about Banking database systems, and how did it influence the financial transaction between customers and banks, it made great progress and has facilitated many difficult and Complex things like the use of the internet and mobile applications for this purpose, the development process has faced a lot of problems including database problems which we will discuss.
1.2 Introduction:
Banks are the oldest lending institutions. They provide all the facilities for all citizens for their own purposes. Each bank implemented a lot of new ideas and innovative strategies and advanced technologies. In the past banks was rely on paper-based registration in all banking transactions were fully posing a great …show more content…

Completion of these forms usually involves proof of identification and Social Security number. If an account is opened between more than one, one party may be asked to sign a durable power of attorney to the other. When it get signed up, it may take time to become familiar with the setup of the banking site. Allot of banks have a call center that help the customers navigate the site; however, not all call centers are open 24 hours. Faster Performance:
A database management system relies on multiple processors distributed throughout the network. The distributed nature of the network allows each of the processor to take on part of the data access chores, rather than relying or letting a single processor to handle all the requests at once. This system allows banks to access the data they need faster and reliably than they would with a normal centralized system Lower Costs:
A distributed database management system give each bank branch his own copy of the latest customer data. The bank's copy of the customer's account data that allows the bank to record and process each transaction have been made locally, rather than sending it forward to the central server. The ability to process transactions in the local branch saves allot of communication costs. If a problem happened in the local system, it can be addressed at the local level, which also saves allot of time and …show more content…

3 After progress of technologies it start using computers and databases to achieve some work including: storing customers data and information, financial information and online transaction, now the most customer are using Alrajhi Bank mobile application, it make the transactions easier so you can do many processes from your mobile or your computer, definitely it applies security systems on its application and website to protect customer’s transactions and encrypt their private information’s like putting your national ID as unique number for your account

1.7 Conclusion
In our opinion The Banking System after implementing Database system is more efficient, quick, dependable, and easy to use. This proposed system have less probability of information loss in the process of transaction. This banking system project will serve as a helpful way to deal with information base dialog box to deposit and withdraw the money for the individual. It serves as a helpful way for the clients. It gives a simple way to deposit and withdraws the money. It reduces the time taken by the client to save the money. Therefore this system is the easy way to friendly

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