Software Engineer

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Last updated 12:22 PM on 2/15/25
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9 Terms

1
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Banking System

A platform that allows customers to manage their financial accounts and enables banks to handle transactions and customer data.

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Account Creation

The process of establishing a new account for a customer within the banking system.

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Funds Transfer

The ability to move money from one account to another securely and efficiently.

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Balance Inquiry

A feature that allows customers to check the current balance of their financial accounts.

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Loan Management

The process of handling customer loans, including issuance, repayment, and tracking of loan statuses.

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Reporting

The functionality that provides insights and summaries of account activities, transactions, and other relevant data.

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Scalability

The capacity of the banking system to handle an increasing amount of work or to be readily enlarged.

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Security

Measures taken to protect customer data and transactions against unauthorized access and fraud.

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Regulatory Compliance

Ensuring that the banking system adheres to laws and regulations governing financial institutions.