Design And Implementation Of A Banking System

The research employs a three-tier architecture, encompassing the presentation layer, application layer, and data layer, to ensure modularity, scalability, and maintainability. Key functionalities include real-time currency conversion, cross-border fund transfers, user authentication, and transaction history tracking. Security measures, such as encryption protocols and multi-factor authentication, are integrated to safeguard user data and financial transactions.

The implementation phase utilizes web development technologies, a relational database management system, and external API integrations to create a robust and secure platform. Rigorous testing procedures are employed, including unit testing, integration testing, system testing, and performance testing, ensuring the reliability and efficiency of the system. User training and onboarding sessions precede the official launch to facilitate a smooth transition to the new platform. The research concludes by emphasizing the significance of the developed foreign exchange banking system in promoting financial inclusion, stimulating economic growth, and advancing technological innovation in the African financial landscape. Recommendations include continuous improvement, user education, and collaboration with financial institutions. Acknowledging limitations and proposing areas for future research, this study contributes to the ongoing discourse on leveraging technology for economic development and financial inclusivity in Africa.