Laser Soft develops tradefin package for IndusInd Bank
By Our Corporate Bureau | 21 Dec 2004
Chennai: The city-based banking software company, Laser Soft Infosystems Limited, has developed Prophesy, a trade finance software for IndusInd Bank to handle all trade finance and forex operations in its 23 networked branches.
According to Laser Soft chairman, B Suresh Kamath, the product has been implemented in several public / private and foreign banks. The programme is installed in the banks' data centre and is available for online trade finance banking.
The product has been comprehensively customised to suit the complex Indian statutory and reporting requirements like fortnightly 'r-return', XOS statements, ECGC premia calculation, EXIM bank refinance statements, turnover statements and others.