AN INTERNET APPLICATION FOR ONLINE BANKING

The Internet explosion and the possibility of direct digital interacti on with large numbers of home consumers presents tremendous opportunit ies, and challenges, to the financial services community. Today's prov iders must reckon with the Internet and on-line services, or potential ly lose prime customers to new, nontraditional players. In this paper, the design and development details of an on-line banking (OLB) applic ation for one of the banks in Singapore have been described. The imple mentation of OLB requires the creation of website, web-pages and links to other related information, It further allows the users to submit a loan application for computing installments for repayment and other r elated information. Two of the popular languages of Internet have been used for the implementation of OLB. Due to proprietary nature of the application, certain implementation details are not provided in this p aper. (C) 1998 Elsevier Science B.V.