An enhanced smart multi-banking integrated system — Service oriented approach

Abstract

Nowadays smart way of doing the work is very familiar among every business oriented enterprise applications. In this paper we propose an enhanced smart multi-banking integrated using service oriented composition model by which using single username and password the user can able to access multiple bank accounts. Every user can have more than one bank accounts and each bank provides different username and passwords. To operate his/her account he/she wants to remember all the user name and password of each bank. This Multi Banking Interface is aimed to enhance the current services of the bank to meet the requirements for future-banking world for the users who is having accounts in multiple banks. By using this interface any user who is having accounts in various banks can directly login to Multiple Banks and make any kind of transactions. By using this interface client can also able to see all various bank account summaries in the single page. He/she can get minimum 10 transaction details of all banks. Even amount can be transacted between the banks in the single interface. In addition to this, the main feature of the paper is, Sometimes the client need a particular amount, but all the banks in which he/she has account is having balance lesser then the required amount. For this we are providing a dynamic service composition interface to overcome this problem. Consider `n' number of banks is going to participate in multi-banking interface. Here one of the banks acts as a primary and remaining are secondary one. Consider the scenario that the user requires the amount of Rs.10000/- but no banks have full-required amount. Now the integrated system checks whether 60% of required amount is available in any of the banks. If so, it takes the amount from the corresponding bank otherwise it checks for 50% of required amount and so on for particular limit. Similarly, the remaining amount is taken from other banks in such criteria. Now the integrated system transfers the amount, which is taken from the secondary banks to primary bank account. Finally From the primary bank account the user can withdraw the required amount. If the client needs to add one more bank he/she can add the bank details and make our system to composite with the existing bank services dynamically.