Learn How Newgen Enabled a Leading North American Bank to Become FATCA Ready
Download this case study to understand how Newgen deployed its market-ready FATCA solution accelerator to address all the client’s challenges.
The client is the largest regionally-listed bank in the Caribbean operating in more than 15 countries in the region. The FATCA regulation, mandated the client to be compliant. They were facing challenges including complicated on-boarding due to additional compliance requirements, identification of FATCA Eligible customers and more. And, their siloed manual processes acted as a bottleneck to the entire process. The client partnered with Newgen to address their FATCA compliance challenges.
- Uniform customer onboarding & KYC processes across all branches
- Completely centralized FATCA compliance control & audit
- Flexible integration with core applications
- Extensive audit trails ensure constant monitoring
- Easy change management in face of unpredictable compliance