E-PLUS FAMILY
With the US mandate of all correspondent banks for the FATCA compliance, banks have become hard-pressed to revisit their customer base, account movements & transactions, comply with existing FATCA indicia parameters and maintain a periodical standard reporting platform for FATCA compliance. FATCAPlus offers banks a lightweight, robust and flexible solution for FATCA reporting compliance with prebuilt data integration & validation measures with existing bank systems, its own data model for FATCA-compliant due diligence information standards, prebuilt reporting as per US-IRS standards, and built-in workflow follow-up and escalation functionality.
Maintenance of CIF information (individuals and entities) together with FATCA information
Reporting to IRS, escalation, and alerts if changes in Customer FATCA indicia
Audit and document management
History records keeping for suspects, remediation, and recalcitrant customers
Full parameterization control of all business areas
System Administration (users setup, users privileges, maker—checker)
FATCA Indicia Parameters
Customers with FATCA indicia classification along with escalation and alerts if changes occurred customer FATCA indicia
Fully FATCA Compliant
Prebuilt data integration and validation measures with existing bank systems
Case Management
Pre-built reporting as per US-IRS standards and built-in workflow follow-up and escalation functionality
Request a demo or find out more about How can we reinforce your bank or financial institution operations.
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