Micro Credit Banking On Smartphone
Published on Sep 16, 2019
To provide a banking application on Smartphone for the mobile employees of microcredit bank with the facility to have data synchronized between the Smartphone and the bank’s database.
• It should be possible to open accounts for a customer (who has not defaulted earlier and who has recommendation from the community) / close accounts.
• It should be possible to enter the loan given to a customer and the period of the loan.
• It should be able to calculate interest.
• It should be able to enter repayment made by the customer (in installments or in full).
• It should give notification when a loan has not been returned within the loan period. The credit worthiness of the customer should be updated as ‘defaulter’.
• It should give reports of the loans given with details of the customer name, loan amount, outstanding amount, loan payment date and loan repayment date.
• Employees should be able to log in with username and password.
• The employee will be able to download details of only his/ her customers.
• There should be a desktop application where all the above operations can be done.
• The desktop application will have other facilities like entering the interest rate.
• It should be possible to synch between the desktop database and the Smartphone’s database in both directions.
• Better component design to get better performance at peak time.
• Flexible service based architecture will be highly desirable for future extension.
• 24 X 7 availability.
• Only the details of particular customer should be accessed
• Make provision of admin to update the database after each transaction of customer.
• Measures that need immediate action
User interface priorities
• Professional look and feel
• Use of AJAX at least with all registration forms
• Browser testing and support for GPRS.
• Banking report.
• Report on currency and finance.
• Database containing all customer transactions.
• Creation of banking manuals.
Other important issues
• Network connectivity.
Enabling services at all point of time as per the customer.
• Android SDK 1.6
• ADT 0.9.5
• JDK 6
• Android security
• GPRS SIM based security