Revolutionizing the Future : A Paradigm Shift in Banking Management Systems

Abstract

Bank management governs various concerns associated with banks in order to maximize profits. The concerns broadly include liquidity management, asset management, liability management and capital management. But still there might be some flaws in this system. These flaws may be holes in rules and regulations, bribery, excuses of lunch, bank’s slow server, employees’ attitude towards work, long waiting times in customer services etc. So, these issues can be solved by an interface connected directly to the bank’s administration through which a person can do their daily minimal banking jobs not through an ATM but through their smartphone. Here comes our project BMS which is a CLI program scripted through python, and data managed by DBMS. The user can perform transactions between accounts of the same bank, check balance, create or delete accounts, deposit or withdraw amounts.