All commercial application developed (irrespective of the programming environment used) are to business models. Applications help to computerize business models. It is the computerization process that empowers a business model to capture, validate, store and manipulate business data at the highest speed possible. A microfinance Banking business model has business processes that manipulate data associated with savings accounts, current account, deposits and withdrawals for each type of account, fixed deposits, and loans and so on. There business processes are in some way associated with money transaction since money is the core product of this business model. The project which looks into the development of Banking Model was deigned to process the customer registration, generate new account number give report in a faster and more efficient way with the use of computer. VB 6.0 was used to develop and implement the system.



1.0 Introduction

1.1 Statement of the problem

1.2 Research Hypothesis

1.3 The aim and objective of the study

1.4 Scope of the study

1.5 Limitation of the study

1.6 The significance of the study

1.7 Definition of terms


2.0 Literature Review

2.1 Bank definition and features

2.2 Characteristics of banking

2.3 The invention of banking and coinage

2.4 Historical development of computer technology in banking industry

2.5 Introduction of banking model system

2.6 The effect of banking model

2.7 Comparative analysis

2.7.1 Analysis of existing system operation

2.7.2 Important and limitation of existing system

2.8 Government legislation concerning the system


3.0 System analysis

3.1 Analysis of existing system

3.1.1 Saving account

3.1.2 Current account

3.1.3 Fixed deposit account

3.1.4 Withdrawal operation

3 .1.5 Balance enquire

3.1.6 Lending operation

3.2 The computerize system


4.0 System design, implementation, documentation and evaluation

4.1 Menu specification

4.2 File design

4.3 System implementation

4.4 Programming

4.5 Installation

4.6 Program testing


5.0 Summary

5.1 Recommendation

5.2 Conclusion




Banking in Nigeria is said to have a long history since Nigeria become independent in 1960. According to history in 1872, the Africa Banking Co-operative Stated her operation in Lagos, Nigeria. The Operation of cooperation was transferred to the Bank of British of West Africa.

However, as the populations of Nigeria citizens begin to increase the Banking System begin to encounter some predicaments due to the manual mode of banking operation. The document in technology made it possible for banks to overboard the problem of manual processing poor decision making and the problem of inter connection within the banking sector which welcomes a full automated processing system such as networking system for banking transaction, information technology, which enhanced the decision-making process and alternative delivery channels. Which includes Mobile Banking Online Banking, PC Banking and the use of ATM (Automated Teller Machine)?

In recent years, significant technology advances have been made in the field banking, both in Nigeria and in International level. The penetration of such technology in business has been limited especially in countries where the majority of their business re small or medium. The effort to adopt E-banking or E-Business technology and solution has targeted the end consumer (Business – To consumer)
BTC, and more rarely takes into account real (Application-To-Application) ATA, a field that is bound to make an impact in speed, security and accuracy of business transaction and will ultimately boost the adoption of E-Banking system.

Despite the rising pace at which information technology is being deployed, the majority of several millions of daily transaction among the above entities are skill carried out in the traditional manners i.e. the manual made the sending the various transaction documents through mail or fax, manually inserting data in enterprise resource planning (ERP) or customer relationship management (CRM) application or at best, manually filling on-line web pages offered by bank or Government Agencies based on the above inadequacy and on the absence of enlightening new

Approaches at the same level, most of the companies (Banks) a waste significant effort and resources while not entrusting the internet and current bank-to-bank (BTB) or bank-to-customer (BTC) application for their transactions.

It took the entire industry several years of developments to achieve reliable, secure, convenient and efficient BTC transaction through the web. Business application inter-connection is a far more difficult task, how different proprietary internal system for accounting, order processing, and supply-chain management be modified to exchange data through the web reliably securely and in a standardized open way, so that a custom solution for each business relationships is not required.


Through the banking sector is one of the most profitable sector of economy high performance could be measured in terms of their returns, an obligation to the society. The decline in performance of the Nigeria Banking system is due to the array of problem in their day-to-day transaction which is not reliable; secure efficient and relationship between their customers. It is not giving their customer the right treatment that they need.

The magnitude of this problem, brings about a research project among to develop a standardized way of doing transaction safe it an efficiently between business entities. And also interconnect them with Government information system.


In order to test the system spastically however it is formulated in testable form with operation. Definition of the banking model relationship as a statistical tool for research work i.e. Hypothesis Hi.

The null and the alternative hypothesis are either true or false which allow us to consider just two actions and the outcome for each hypothesis depending on whether it is true or false. The hypothesis carried out shows that keeping on-line customers is worth the effort, because keeping on-line customers increase banks profitability. They are often assumed to be more profitable than off-line customers, because they are better educated and earn higher incomes, still a study controlling for this self-selection bias shows that the internet channels alone increase a customer’s profitability to the bank by impressive percent.

Ho means there is no significant profitability effort for the on-line customers or end users.

Hi means there is significant profitability for the on-line customers or end users.


The aim and objective of these research project is to develop and pilot deployment of the necessary methodologies, technology infrastructures, business and set up that will allow the average Nigeria to carry out a significant portion of its business transaction (Banking and Transaction) over the internet through the interconnection of enterprise resources planning (ERP) applications between enterprises, banking institution and the public sector.

Most especially, the general aims and objective are:

To design and develop an easy, adaptable and financially alternative solution for the average Nigerian small or medium enterprises and the public by hiding the complexity of the E-Banking system from the regular user and developing a low cost product.
To study and emphasis on the particular important issues of data and transactions security as well as the protection of interchanging parties through modern security infrastructures.
The continues-dissemination of the methodologies and the technical know how that is developed through the project towards both the academic and industrial worlds, in the form of scientific paper publications, international conference presentations and workshop bringing together field experts.


The scope of the study is to cover some of the loop holes that can be seen in the Banking model for the past years which their customers has been finding it difficult to use in a correct manner, security and ease-of- use may be odds, for example, strong passwords provide security but are difficult to remember by the users.

The study also covered and lay emphasis on the causes of banking model which are:

1. HCI Design: Design and implement for user interface for banking model client, such as bundling of a set of payment, one-time task, such as installation of a digital signature base client.

2. Account number validation: The system should be able to validate the number typed by the users.

3. Reduce the number of repetitive tasks, the number of codes, passwords that the users required to remember.

4. To provide god explanation of signature file.

5. Design conventional banking model client that is a client they runs in a PC browser and uses a signature file for user authentication.

6.Stimulate a password generator such as active card.


The significance of this study is to satisfy customer which serve as pre-requisite for customer retention, moreover the reason is that cost of acquiring new customers is high but the profitability that they stay is quit low, which may lead to switch from their banks to another when the website or the application does not meet the customer need.

However, the study is to make sure that the e-banking users are less likely to leave their bank. The system appears to be the retail channel. I.e. especially prominent in cultivating customer loyalty. And the household users are better informed and more actively involved in financial affairs than on-line users that do not use their bank website.

Therefore, they should be able to convince more of their customers to go on-line than affairs by guarantees of crucial security and relatively cheapest fees for E-banking system.

E-BANKING:- the remote delivery of new and traditional banking products and services through electric delivery channel.

E-MAIL SERVER:- A computer that message e-mail traffic

ENCRYPTION:- A data security techniques used to protect information from unauthorized inspection or alteration.

FIREWALL:- A hardware or software link in a network that relays only data packets clearly intended and authorized to reach the other side.

CHECK DIGITS: – A digit in an accounts number that is calculated from the other digit in the account number and is used to check the account number correctness validity.

BIOMETRICS:- the method of verifying a person’s identify by analyzing a unique physical attribute of the individual e.g. fingerprint, retinal, scanning.

BANKING MODEL: – it has business that manipulates data associated with savings accounts, currents account, fixed deposits, loan and so on.

DNS server (Domain name service server):- A computer that determines internet protocol (IP) numeric address from domain names presented in a convenient, readable.

ACCOUNT AGGREGATION: – A server that gathers information from many website, present that information to the customers in a consolidated format and in some cases may allow customer to invite activity on the aggregate account.
ACCOUNT MANAGEMENT:- Activities such as balance inquire statement balancing transfers between the customer’s account at the financial institution maintenance of personal information etc.

BILL PAYMENT:- An E-banking application where by customer’s directs the financial institution to transfer funds to the account of another person or business. Payment is carried out by ACH credit or by the institution (or bill payment service) by sending a paper cheque on behalf of the customer.

DIGITAL CERTIFICATION: the electronic equivalent ID cards that authenticates the originator of a digital signature. Automated Banking Model

HTML:- Hypertext mark-up language a set of codes that can be inserted into a format require for used by another system or application.

HYPERLINK:- An item on a webpage, that when selected transfer the user directly to another location, a hypertext document or to another webpage, perhaps on a different machine. Automated Banking Model

INTERNET SERVICE PROVIDER (ISP):- A company that provides it customer’s with access to the internet. Automated Banking Model

INTERFACE:- Computer programme that translate information from a system to another or application into a format required for use by another system or application. Automated Banking Model

KIOSK: – A publicly accessible computer terminal that permits customers to directly communicate with the financial institution via a network. Automated Banking Model

PASSWORD: – A secret sequence of characters that is used as a means of authentification.

PATCHING: – Software code that replace or updates other code. Frequently patches are used to correct security flaws. Suspicious activity report (SAR). Reports required to be filled by the bank secretary. When a financial institution identifies or suspects fraudulent act. Automated Banking Model

SERVER: A computer or other device that manages a network to server. Automated Banking Model

ROUTER: – A hardware device that connects two or more network and routes incoming data packets in the appropriate network. Automated Banking Model

URL (UNIFORM OR UNIVERSAL RESOURCES LOCATION: – A way of specifying the location publicly information is available. Automated Banking Model
Virus: – Malicious code that replicates itself within a computer.

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