Web-based Trade Finance System – eTradePlus

Bankinfra has completed upgrade of trade finance system from windows based system to web-based one in June, 2010. It took more than nine months with detailed business analysis with banking experts. The major difference from the previous version is that eTradePlus is developed from the SWIFT framework and communication among the users and customers.

FASB 156 amended to FASB 166

Effective as of June 30, 2009, Financial Accounting Standard Board (“FASB”) incorporated U.S. generally accepted accounting standards in the name of “Accounting Standards Codification (“ASC”). With this, FASB’s Statement No. 156 titled as “Transfers and Servicing” was amended to ASC No. 860 or FASB’s Statement No. 166 with provisions which will influence FASBinfra2 software to be modified and upgraded accordingly.

DocuFront for Document Management

Bankinfra finally completed a robust Document Management system, DocuFront, expecting that many government institutions, colleges, legal companies, medical institutions, and financial institutions who seek Green paperless environment policy with seamless disaster recovery plan.