How Mr.

Joshua is going to maintain information on Bank branches and

security password
information on customers.
Answer
Mr. Joshua is going to maintain information on bank branches and security
passwords
through proper information systems and network models. The installation of
proper information
systems will help collect, process, store, and disseminate data in the form of
information needed to
carry out the functions of the bank and management. This system will put in
place a database to
collect, maintain, and store all information on the different bank branches and
information on its
clients and customers. This database will ensure that data on the various
accounts the different bank
branches are holding, information on the numerous clients of the bank, and the
various services that
the bank offers to its clients are readily available for use of permitted users.
Furthermore, the
installation of a proper information system ensures that information is properly
secured and used
only by those with access to the system. In addition, putting in place the
appropriate network model
would help in the circulation of information among the various users within the
network. Such a
network system would make information readily available for users and could
process requests of
the various clients quickly, saving time and cost. The appropriate network model
would centrally
manage clients accounts, as they may have one or more accounts in the Bank
spread across one or
more branches. As customers open bank accounts with a specified opening
balance and either
deposit funds into the account or withdraw from them, personal information is
then uploaded to the
database. After doing so, transactions that involve the opening of accounts,
assignments of Account
Numbers, and Deposit and Withdrawal would then be stored and reflected in the
central
database. The account Numbering scheme now uniquely identifies the Bank
Branch to which the
account belongs. Customers often travel to the bank branch to request for a new
cheque book. To
ensure that Customers are ensured of high level security, the E- Banking
services need to provide
Customers with a unique Personal Identification password which can be changed
from time to time.
All Services are accessible only upon correct password verification.