Challenge
Complying with FATCA and AEOI is a critical requirement for financial institutions. Placing a significant burden on them, it requires them to review and streamline KYC and compliance requirements. The need of the hour is a comprehensive compliance solution that verifies customer information and enables adherence to every requirement that FATCA imposes.
Solution
. This platform is an end-to-end offering which impacts all operational processes and systems. With a robust architectural design, it is lightweight and modular in structure, yet scalable to tackle large data volumes.
The TCS BaNCS FATCA and AEOI compliance platform, encompasses the following features:
Group profiling
Indicia checks
Verification rules
Case manager
Performance enhancer
Report manager
- Periodic analyzer
Benefits
- Easier decision making with a better reporting engine
- Higher productivity and effectiveness
- Easy integration with external sources and third-party systems
