BUSINESS PROPOSAL

May 29th, 2015
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Alcorn State University
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BANKING BUSINESS MODEL SPECIFICATIONS Banking like any other business model has a master business process (i.e. Retail Banking) which is supported by a number of Sub processes. This concept is described in Diagram below....

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BUSINESS MODEL FOR ME & U BANKBANKING BUSINESS MODEL SPECIFICATIONSBanking like any other business model has a master business process (i.e. Retail Banking) which is supported by a number of Sub processes. This concept is described in Diagram below....The Retail Banking Business Model of ME&U BankTo create a full-fledged, retail banking, commercial product all the sub processes of the retail banking business model have to be fully computerized.Each sub processes described above, in turn has multiple child processes that work together in harmony for the sub processes to be successful. This concept is described belowSaving Account (It's Child processes described):-> Collecting account opening forms from the bank.:->Getting supported documents together to be submitted to the bank for opening the saving account.:->Submitting the documents to an account opening officer at the bank.:->The documents submitted are verified and validated by the account officer at the bank.:->Once acceptable a unique account number is assigned to the customer saving account.:->A cheque book, as well as cash and cheque deposit books, are given to the customer bank.:->The saving account is opened. Banking transactions can now begin.Saving Bank Transactions:->Saving bank transaction, both deposits & withdrawal, are at the heart of any saving account, these transaction continues until the account is closed.:->Each deposit or withdrawal, whether by cheque or

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