Software Architecture in Banking

Purpose of this assignment: To demonstrate understanding of principles of software design, in relation to specific programming scenarios, and how these principles relate to the software development life cycle.

As design moves forward, the development teams begin to generate a tremendous amount of detailed information about the system. Modules, classes, data fields, data structures, forms, reports, methods, subroutines, and tables are all being defined in substantial detail in the design model. The key design tasks are decomposing the application into layers, clients, and servers, distributing the “pieces” across hardware platforms, and defining the physical network and protocols.

• Definition of interconnection requirements for information systems (including systems supporting mission/business processes and common infrastructure/support services);

• The interconnection requirements for information systems (including systems supporting mission/business processes and common infrastructure/support services) (Krause, 2009)

This essay is written to design a language that is suitable for the banking problem. The banking sector is related to the business areas. Banking sector provide services to their customers and security of their customer’s money to them. Banking is also evolved in the finance areas also. There are many programming languages that have been widely used for the business applications of computers. Some of these languages are java, COBOL, FORTRAN, Pascal, Python, PHP, C/C++ etc. Each language has its own features and characteristics, syntax, compilation and interpreter methods and also has exception handling and maintenance also. So, here I am going to design a new language that is use for the banking problem domain. The language is IBPL (Internet Business Programming Language). This language has its own features, scope, characteristics, maintenance and its compilation and interpretation methods. This language is different from all the existing languages. In this essay I am going to describe about my language i.e. IBPL (Internet Business Programming Language), its purpose of designing, its features, its characteristics, its compilation and interpretation, its expressivity, type checking, Orthogonality, its simplicity, its data types and support for abstraction, its readability, writability and its reliability etc.

The motive of the security architecture will be to act as a foundation clear development recommendations for network security.

In order to establish an architecture for a system, we need to know the purpose and scope of the application, its importance and relationship to the overall strategic goals of the organization based on known requirements of the system being developed. However in an Agile environment where the requirements are groomed iteratively and change is constant, establishing architecture and design would be a daunting task. Especially if the system being developed is large enterprise level solution, iterative architecture and design could result in a lot of rework and redundancy. If there are many integration points and functionality spans across multiple applications, defining enterprise level architecture helps the software being developed to align with strategic goals of the enterprise, helping business capabilities to be shared across organizations. But establishing such architecture in an Agile environment would be challenging. This paper addresses this issue and establishes a process for architecture development for enterprise level applications. The paper defines a process to develop a software solution which spans across multiple legacy applications using Agile principles’. The approach explained in the paper has been adopted for the development of software which modernizes legacy data capture and is intended to establish a framework for enterprise level services in the future. The solution spans across 6 legacy software systems.

In view of it this framework is now utilized to structure, plan and control software development and ensure its agility.

“Enterprise architecture framework maps all of the software development process within the enterprise and how they relate and interact to fulfill the enterprises mission.”[1] Frameworks are conceptually created to eliminate conflicts in the development phase. An easy transition and systematic architecture are essential functions to process an enterprise. The following paper discusses TOGAF in detail, along with DoDAF and FEAF.

In order to better understand the similarities and differences between software architecture and building architecture one needs to know what software is. According to "Software Engineering Institute" (2015), "The software architecture of a program

Systems engineering emerged as a formal discipline in the late 1990s, responding to both a rapidly increasing rate of technological product development, and a growing complexity within the products developed. Product prototypes developed in the late 19th century took over four times as long to reach a quarter of their market as similar prototypes developed in the late 20th century, with the average penetration time over the last 140 years dropping from 44 years to 17 years. Poorly-designed systems rushing to market with that speed will easily sink not only entire products, but also the organizations that own them. To help the engineering industry at large avoid such catastrophes, the International Council on Systems Engineering codified a generic but comprehensive collection of best practices and guiding principles for systems engineering in the Systems Engineering Handbook. The Handbook is a living document, originally published in 1994 and updated numerous times over the past twenty years to respond both to advances in the field of systems engineering, and to audience evolution (as system design migrated from a primarily national-defense-oriented discipline to a more broadly-applicable approach for building systems of all kinds). This paper focuses on the processes that support systems engineering, as described in Chapters Three and Seven.

Fundamentally, Lean is about eliminating waste. Some waste is unavoidable, but the objective is to identify all activities that are non-value-added, and reduce as many as possible. General examples of waste include over-producing, waiting, defects/ rework, over-processing, inventory, motion, and transport. A few specific examples of waste sometimes found in financial services include:

Over recent decades, there has been a decline in the traditional model of banking with a shift in banking structure. Interest income has fallen as a percentage of operating revenue while the percent¬age of non-interest income has risen dramatically. In 1980, the non-interest income of banks accounted for 20 per cent of the operating revenue of the US banking industry; by 2004, this had increased to 42 per cent (Stiroh, 2006). Similarly, over the last two decades in Australia, fees from deposits, loans and payment services totalled $11.6 billion, an increase of 8 per cent on the previous year (Reserve Bank of Australia Bulletin, 2009). However, this figure is somewhat understated as it does not include all items of non-interest income such as fees from fund management, underwriting and insurance activities. In Australia, the increase in fee income reported came from not only an increase in fees but also from growth in the size of non-interest income assets. In other words, increases in fee income, through a gradual introduction of fee items to traditional interest bearing accounts, have been somewhat overshadowed by the growth in the volume of non-interest earning transactions. For instance, the average growth of bank service fees was 7.9 per cent between 2001 and 2009, while banks’ residential assets grew at almost double this rate (14.5 per cent) (Australian Bankers’ Association, 2010).

This is a SRS for automated teller machine in advanced requirement requirements engineering and software architecture module. The template deviates from IEEE standard 830 - 1998.

DESCRIPTION: This is a C++ based BANK MANAGEMENT PROGRAM.With the help of this user can create,modife,delete,update,withrawl,deposit,as per there requirement.We have used various functions to perform above function of creating,modifying,deleteing,updating etc.