Inspiration

We believe that the inspiration for developing a banking system comes from the desire to create a system that will help people save money and earn interest on their savings. One of the essential inspirations was that many people worldwide do not have access to banks or financial services. Another source of inspiration is that some people do not trust banks and prefer to keep their money at home or in other places where it is unsafe.

What it does

Online banking is a system that allows customers to access their bank accounts using a computer or mobile device. It can make payments, view financial statements, and perform other bank-related activities. We built an online banking system that allows customers to use the product 24 hours a day, seven days a week.

Online banking is a fully functional system that allows you to execute financial transactions online. You can access your bank account through a computer, mobile phone, or tablet. You can also use online banking services to check your balance and transfer between different accounts in your name.

Users who log in to their online banking account are presented with a list of options. They can choose to: Deposit funds into an existing account or open a new account by entering details about the recipient and the amount. Transfer money from one account to another or from an account to their debit card. View their balance and recent transactions, which can be sorted by date or type of transaction (deposit, withdrawal, transfer).

How we built it

The system is designed to provide a user-friendly interface, which allows users to make payments and transfer money between different accounts. The application is built on the PHP backend. We have also used Rapyd Api's to enable payments. To develop the system, we used the following technologies:

Bootstrap HTML,CSS and JavaScript PHP Laravel (PHP framework)

Challenges we ran into

To develop an online banking system, we first needed to consider the needs of our users. We knew that they would want to be able to access their accounts from any location and would need a way to quickly and securely deposit checks into their accounts.

Challenges we ran into in developing an online banking system:

  1. Integrating a secure and reliable payment gateway

  2. One of the challenges we faced was integrating all the features required for a functional online banking system.

  3. Creating a safe and secure database

  4. Users should be able to access the website from any device, including phones, tablets, laptops, etc.

  5. The website should be user-friendly and easy to navigate.

  6. It should have a user-friendly sign-up process that does not require any initial investments from the user side.

Accomplishments that we're proud of

-Created a comprehensive design for the online banking system

-Designed the system to be user-friendly, easy to navigate, and aesthetically pleasing

-Developed a custom database management system that allows users to access information about their accounts with ease

-Implemented security measures that ensure the safety of personal data

What we learned

We learned that it is vital to understand the banking system to develop a functioning online system. We also knew that there were many standards for creating an online banking system, and we had to choose the best measures for our application.

We learned a lot while developing the online banking system. One of the most important things we learned was how to use PHP. We also learned how to use Laravel, a PHP framework, and write code in it.

What's next for Onepe

We will create a mobile application for OnePe. Then you'll also be able to use biometric authentication like fingerprint scanning or facial recognition, which means you won't have to remember passwords anymore.

Another thing that's being worked on for online banking systems is AI integration - meaning that AI will help users manage specific parts of their finances by learning from them and making suggestions based on past behavior patterns.

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