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Bangladesh Electronic Fund Transfer Network (BEFTN)
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PRODUCT OVERVIEW
Bangladesh Electronic Fund Transfer Network (BEFTN)
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
Product Information
Feature of the Product
- 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
Benefits of the Product
- Integrate with Core Banking System through API or MQ
- Minimize or Eliminate Manual Job
- Reduce Paperwork with More Email & SMS
- Maximize Automation for Faster Transactions
- View Role-Specific System Heart-Bit/Dashboard and MIS
Highlights
- Outward Clearing
- Inward Clearing
- House Transfer Cheque Processing
- Positive Pay Automation
- OCR-enabled Dynamic Report Engine
Platform
- Microsoft .Net Framework 4.7
- .Net Core 3.1
- C# Programming Language
- Angular 8 Frontend
- Microsoft SQL Server 2016/2019
Our Client Testimonials
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We wish ASD continued success and look forward to their future innovations.
Manager Applications Support
Country Technology
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