1. NETWORK BANKING
$OFTWARE
‘Out of the box solution for the networked
Banks’
Sunil Kumar Sharma
2. Contents
EVOLUTION
NETWORKS
TCP/IP
IP ADDRESS
WHY JAVA ?
JAVA AND NETWORKING
SCOPE OF THE PROJECT
FEATURES
FUTURE ENHANCEMENTS
CONCLUSION
3. EVOLUTION OF BANKING
Banking started by the Templar
Knights in the middle ages for the
pilgrims to Jerusalem.
Banking evolved from coinage to
currency in the 20th century with the
nationalization of Bank of England.
Swiss Banks started the process of
wire transfer of money between
countries.
4. Rising popularity of Banks induced
new developments such as credit
cards, ATM’s, mobile alerts etc…
The latest phase in the evolution is
the advent of Network Banking...
5. NETWORKS
PEER TO PEER
A peer to peer network is one in which lacks a dedicated
server and every computer acts as both a client and a
server.
CLIENT/SERVER
This type of network is designed to support a large number
of users and uses dedicated server to accomplish this.
Clients log on to the server in order to run applications or
obtain files. Security and permissions can be managed by 1
or more administrator.
CENTRALIZED
This is also a client/server based model in which the clients are
"dumb terminals". This means that the client may not have a
storage device and all applications and processing occur on the
server. Security is very high on this type of network.
6. TCP/IP NETWORKS
TCP and IP were developed by a
Department of Defense (DOD) research
project
It was initially successful because it
delivered a few basic services that
everyone needs (file transfer, electronic
mail, remote logon) across a very large
number of client and server systems.
Several computers in a small department
can use TCP/IP (along with other protocols)
on a single LAN.
7. IP Address
An IP address is used for Network
Layer identification of hosts and
routers on a TCP/IP network. The
address consists of a 32-bit binary
number of 4 octets and is usually
displayed in the decimal format
100.100.100.100, which is called
dotted decimal notation.
8. Why Client/Server ?
The network chosen for this
application is Client/Server model
as it provides adequate security and
resources required for a critical
application like Banking.
9. WHY JAVA?
Object Oriented.
Simple and Architecturally Neutral
Portable and Distributed.
High Performance and Secure.
Interpreted and Dynamic.
Multithreaded and Robust.
10. Java and Networking
Java uses three methodologies to
perform network operations.
URL : Uniform Resource Locator is Associated with
applets and programming for the world wide web.
Datagram : An independent, self contained message
sent over the network whose arrival, arrival time and
data are not guaranteed.
Sockets: One end point of a two way communication
link between two ports on the network.
11. Scope of the Project
This project aspires to be a
simulation of sorts for a Network
Bank in the near future. If coupled
with appropriate hardware this
system can be turned into an ATM
software.
12. Features
Client-Server Model based on sockets and
ports.
Multithreaded Server having Microsoft
Database.
Intermediate Administrator for deposits.
Client Side is platform Independent.
13. Server
Account Creation, Deletion, Updation.
View Account, Reports, Account Logs.
Client Authentication.
Client Monitoring.
Centralised Data Processing.
Creation of Account Logs.
15. Client
Withdraw and Transfer Money.
View Account, Account Logs.
Change PIN, Passwords.
16. Additional Features
Double Layered Security.
Server can terminate a client port.
Secure Login.
Logs are stored to detect fraudulence.
17. Future Enhancements
Loan Facility.
Email and mobile alerts.
Active Tracing of Fraudulent activities.
Security upgrades like Visual Sensors
with burglar alarms, Biometric
Identification procedures etc.
18. CONCLUSION
The aim of our project was to
explore new avenues in computing
Like the distributed systems along
with raditional concepts like OOPS
and networking.
