Why is TAINA different?
Key value drivers for your financial institution

• Demonstrate compliance with a fully automated robust process and a transparent up-to-date rule set
• Performs validation for the different tax regimes (FATCA, Chapter 3, CRS) in the same module, at the same time, with the appropriate business rules activated at the click of a button
• Fully configurable and adaptable e.g. institution’s own self-certification forms, specific questionnaires or reporting consent, where relevant, can be collected / validated together with the tax forms
• Increase efficiency, reliability and turn-around times of validations – 75% faster validation process in the latest test case with a fund administrator
• Mitigate risks associated with manual way of working – have been able to free up over 40% of an operational team to focus on higher value risk mitigation
• Automatically validates all forms in complex IMY structures and auto builds the IMY tree based on the excel allocation statement uploaded together with the top level IMY
• TAINA’s OCR tool is fully adaptable e.g. can map in institution’s own self-certification forms
• In the online solution, clients complete, positively affirm their details accuracy and electronically sign an actual IRS W form and/or CRS Self-Certification Form. The signed form is stored in .PDF format for auditing purposes, which simplifies evidencing of regulatory compliance
• Cutting costs – achieved cost savings of 84% per form
• Transform clients’ experience with simple, intuitive online solution validating forms in real time
• In the online solution, clients complete, positively affirm their details accuracy and electronically sign an actual IRS W form and/or CRS Self-Certification Form