Tag: FATCA
Leveraging technology for improved CRS compliance in Taiwanese FIs
The Common Reporting Standard (CRS) has significantly impacted financial institutions (FIs) globally, aiming to enhance tax transparency and cooperation among jurisdictions. Taiwan's Ministry of Finance, in a report issued in May 2024, highlighted several ongoing deficiencies in Taiwanese financial institutions' adherence to these requirements.
TAINA unveils ‘No Form’ Journey for combined FATCA and CRS forms
TAINA Technology Solutions has announced the launch of its latest 'No Form Journey' feature for the combined FATCA and CRS individual and entity forms.
Enhanced reporting and audit powers: A deep dive into Canada’s federal...
On 16 April 2024, Chrystia Freeland, deputy prime minister and federal finance minister, unveiled the Canadian Federal Budget for 2024-2025. This budget introduces pivotal...
Navigating tax compliance: How FinTech innovates CRS and FATCA reporting
In the rapidly evolving global finance sector, the importance of complying with regulatory frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) cannot be overstated.
How technology elevates investor experience and compliance
The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic climate.
Navigating the labyrinth of FATCA and CRS compliance in the APAC...
In a recent post by TAINA Technology, the company dug deeper into remaining compliant with FATCA and CRS compliance in APAC.
How can firms navigate FATCA and CRS reporting?
Ensuring compliance with CRS and FATCA can often feel like navigating a regulatory maze fraught with potential pitfalls, claimed MAPFinTech.
Revolutionising financial customer experience with digital tax form processing
In today's digital age, customers have high expectations for their interactions with financial institutions. These digitally savvy individuals demand streamlined, efficient, and enjoyable experiences. Unfortunately, many financial entities, even the globally leading ones, continue to rely on outdated manual processes for FATCA and CRS compliance, causing frustration for both clients and customer service officers.
Taxfyle closes oversubscribed Series A round on $4.1m
Taxfyle, an on-demand licensed accounting platform, has raised $4.1m in an oversubscribed Series A funding round.
Kernel Capital backs RegTech solution Datactics
Datactics, a provider of RegTech solutions for the banking and financial services sector, has landed an investment from Kernel Capital.
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