Banking

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

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Executive Summary

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, the authors have tried to focus to remove the above drawback by introducing the 7-tier architecture to maintain the Bank unique identification code (BUID code).

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