Bangladesh Electronic Fund Transfer Network (BEFTN)
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PRODUCT OVERVIEW
BEFTN (Bangladesh Electronic Fund Transfer Network)
Client: Bangladesh Bank
BEFTN is an electronic batch processing system that facilitates interbank transactions for credit transfers and debit transactions. It allows customers, businesses, and government entities to move funds from one bank to another securely and efficiently, minimizing manual intervention and reducing transaction time. The system supports payroll, government benefits, vendor payments, insurance claims, and more.
Client:
Bangladesh Bank
Year:
2019
Category:
Banking Applications, Web
Location:
Dhaka
ROI:
45%
Product Information
Modules:
Credit Transaction Module
Debit Transaction Module
Batch Processing Engine
Transaction Reconciliation Module
Settlement Scheduling and Monitoring
Features:
Fully compliant with Bangladesh Bank’s EFTN specifications
Handles both inward and outward credit/debit instructions
Secured multi-level authentication workflow
Efficient transaction sorting and settlement
Customizable transaction limits and thresholds
Auto retry for failed transactions
User and role-based access control
Real-time dashboard for transaction tracking
Audit trail and regulatory reporting
Platform:
Microsoft .Net Framework 4.7, .NET Core 3.1, Angular, SQL Server 2019
