Shinhyeop Central Association, Establishes Integrated Fund Management System

[Asia Economy Reporter Buaeri] The National Credit Union Federation of Korea (NACUFOK) announced on the 10th that it has established a fund management system called 'TAMS.'

Through the newly established fund management system, NACUFOK can now manage and operate funds in a single system by integrating not only securities but also corporate loans.

The system is divided into securities and loans. The securities section consolidates screens that were previously dispersed by accounting into an intuitive interface. For loans, a corporate loan system suitable for structured finance was introduced. NACUFOK explained that this has resolved inconveniences in loan execution and principal and interest collection processes.

Kim Ilhwan, Head of Fund Management at NACUFOK, said, "We have advanced the existing securities system and significantly improved the operational inconveniences caused by the use of loan-based systems by cooperatives. Through this project, both the federation and cooperatives will greatly enhance work efficiency."

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