IS480 Team wiki: 2015T2 BeeSkilled Project Overview
SMU has embarked on a multiyear programme entitled “SMU Bank for Financial Services Education”, referred to as “SMU Teaching Bank“ (or “SMU tBank”). The current web application is deployed to Amazon Cloud and can be accessed via http://tbankonline.com.
“The mission of SMU tBank is to become a world class ‘teaching bank’, generating an on-going supply of undergrad and postgrad student projects whereby classroom learning outcomes can be put into practice, leveraging industry leading banking software and enterprise platforms.”
SMU tBank consists of 3 projects: Corporate Internet Banking, Payment Services Hub and Trade Finance. Of which, our team BeeSkilled has decided to embark on Payment Services Hub project.
About Payment Services Hub
Payment Services Hub, also known as Payment System, is a system to centralize all payment processes for all banks under SMU tBank environment. The diagram below shows the conceptual architecture of Payment Services Hub.
A typical workflow between Payment Services Hub and Automated Clearing House is depicted as diagram below:
- To develop a virtual banking platform for the education sector
- To simulate real-life banking scenarios to enhance learning experience
- A web application, for “bank staff” (students) to set up; payment workflows, instruction validation and business rules.
- A web app for central bank/ clearing house staff.