BANKSYS

Client: Personal Project
Year: 2024

Technologies used: Java, JPA, Lombok, REST API, HTML, CSS, JavaScript,
Encryption

Description:
Developed core features for account and transaction management. Implemented encryption and decryption to secure user data. Applied security best practices in designing a banking system. Created and tested REST endpoints using Postman and JUnit
Built a responsive front-end to display banking data clearly

A BANKSYS IT system for account and transaction management have the following core features:

1. Account Management

Customer Onboarding: Register new customers, verify identity, and store personal details.
Account Creation & Types: Support for savings, checking, business, and loan accounts.
User Authentication & Security: Secure login with multi-factor authentication (MFA) and role-based access control.
Account Dashboard: Overview of balances, recent transactions, and account status.
Account Updates & Maintenance: Change personal details, update preferences, or close accounts.
Interest & Fees Management: Apply interest rates, manage service charges, and handle overdrafts.

2. Transaction Management

Fund Transfers: Internal (within bank) and external (to other banks) transfers, including real-time and scheduled transactions.
Payment Processing: Support for bill payments, merchant transactions, and automated clearing house (ACH) payments.
Standing Orders & Recurring Payments: Set up scheduled payments for loans, subscriptions, or utilities.

3. Security & Compliance

Fraud Detection & Risk Management: Monitor transactions for suspicious activity and generate alerts.
Audit Logs & Reports: Maintain records of all transactions and user activities for compliance.

4. Reporting & Analytics

Real-Time Monitoring: Track transactions and account changes as they happen.
Financial Statements: Generate customer statements, bank reconciliation reports, and audit logs.