Assignment Revision

Premise

Student Online Banking System

David Manga

Program: PhD in Management

Specialization: Information Systems Management

Course: MGMT-8990M-2/MGMT-8990-2

Developing a Prospectus

June 05, 2018

Course Instructor: Dr. Rich Schuttler

Premise: Student Online Banking System

Problem Statement

In the current century, businesses are being wrapped with information technology in which most of the transactions are carried out through distributed computing systems. It is possible to have central computer system endowed with vast transactions that can be accessed in various location by means internet. Many businesses have launched payment integration gateways from which customers can affect their payment through the bank without the need of visiting the bank. (Khalil, Nor, Sutanonpaiboon & Hamimah Mastor, 2010. For instance, Zap and PayPal are the common means of payment when it became online marketing. The focus of this article is to identify and state the problems of our college banking system. As a result, Student Online Banking is the system that I intend to develop as a solution to the problems stated thereafter.

Statement of problems

General problems

Currently, many universities have their students and school finance department visiting the bank physically during payment of fee and collection of financial records. Manual financial transactions are prone to errors and entail tedious computations especially when the institution deals with many financial transactions.

Specific problems

The student wastes the significant amount of time queuing at the bank. Moreover, the fee status takes time to reflect on the school finance department making students know their fee balance later dates (No instant balance check). In addition to this, students have to queue at the school finance department when they asking for fee balance. The finance department in these universities must visit the bank in person in order to collect the fee statements for the purpose of audits. The statement for each student is kept manually in paper files. There must be a registry office headed by the secretary from which those heaps files containing student's fee statements are kept. This office normally acts as data warehouse where it is possible to find files of ten decades ago. Due to many files in this office, the staff does encounter the challenge in retrieving fee statements and other financial records and thus the process is tiresome and leads to waste of time for both the students and the finance staff members. Therefore; Universities are in need of a computerized system which is distributed between the bank, an institution of learning, and the students in order to solve the stated problems by bringing efficiency terms of services particularly maximizing the limited time to both students and finance department. The following are the objectives of Student Online Banking System.

Approach for the Study

This study will use a mixed-methods, primarily quantitative, approach. It may also involve interviews of Defense Information Systems Leaders in conjunction with existing data.

References

Khalil, Nor, M., Sutanonpaiboon, J., &Hamimah Mastor, N. (2010). Malay, Chinese, and internet banking.Chinese Management Studies, 4(2), 141-153.