CASE STUDY

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.

Benefits:

  • 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

 

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