Ares implements foreign exchange system for China Development Industrial Bank
Ares recently signed a contract with Taiwan’s China Development Industrial Bank (CDIB) for implementing AFEIS (Advanced Foreign Exchange Integrated System), with system implementation to complete within a year.
With new business and inconvenience of modifying its existing system, CDIB has decided to adopt a new foreign exchange system. With the complete implementation experiences of Taiwan-dollar system, foreign exchange system, Taiwanese branches of foreign banks and offshore branches of Taiwanese banks as well as experiences in connecting to SWIFT message system, Ares can offer complete consultancy services. In addition, AFEIS is outstanding in technical, product, business and overall aspects. Consequently, CDIB is confident about working with Ares.
Ares AFEIS is object-oriented, with front-end adopting Java development tools, which allows high portability. Developed by local team, AFEIS can flexibly cater to customization needs of CDIB while has full sub-system features. AFEIS can process multi-bank, multi-currency and base currency parameter settings.
Ares will introduce accounting, shared, message, current account, saving account, loan, assurance, import/export, exchange as well as lending and deposit interest rate pricing systems. Other modules of this project include foreign exchange among clients, bank slip and daily exchange report.
After the system goes live, CDIB can benefit from the highly-computerized business operations while having full information support for its headquarter, thereby establishing global information management intelligence network and improve business competitiveness. With built-in security control functions, CDIB can also enjoy a complete internal management and audit functions.
Most importantly, with a unified system platform, the benefit of IT system maintenance can be improved, drastically increasing the autonomy in the future and flexibility of business expansion and system planning.
Introduction of Ares AFEIS
AFEIS is a foreign exchange business system with complete functions, covering retail banking, wholesale banking, dealing room, etc. Using object-oriented design concept, the system can be built on multiple mainframe platforms. Its stable and flexible system characteristics allow combination with existing banking systems (securing existing investments), integration with future business interfaces and link to the global connection system of SWIFT.
Introduction of Ares
Ares International Corp. is the first Taiwan-based software company to be listed on the Taiwan Stock Exchange (TSE). Established for over 30 years, Ares is a professional management information system software provider, with expertise in product R&D and system integration. Ares provides products and total solutions for e-enterprise, with service areas covering the financial, government and enterprise segments. Ares has received CMMI L3 certification, has outstanding project integration ability, quality guarantee ability, development and maintenance ability and the most complete professional consultancy team.