Case Study: Development of a Mobile Banking Application $(40$ Points$)$

Background:

A national bank, FriendlyBank, identified a growing demand for mobile banking solutions among its customers. The bank decided to develop a comprehensive mobile banking application to provide services like account management, fund transfers, bill payments, and customer support. This project was set to follow the Software Development Life Cycle $($SDLC$)$ to ensure a structured and methodical approach.

Objectives:

To understand the steps involved in the SDLC for a mobile banking app.

To explore the challenges faced in developing secure and user$-$friendly software.

To evaluate the outcomes and benefits of the new mobile banking app.$|$

Questions:

Develop a business case for the Mobile banking application:

Do a Requirement Analysis $($Functional and Non$-$Functional Requirements$)$: Accurately identifying the features needed by diverse types of users.

Develop Architecture design for the Mobile app using layered architecture with RTOS and RTDBMS$.($Real Time Operating System and DBMS$)$

Develop a Security environment ensuring robust security measures to protect sensitive financial data.