Finesse, a Red Herring Asia Top 100 company has launched ready-to-deploy iCreate solution ‘Fintellix’ to help banks expedite FATCA, or Fair and Accurate Credit Transactions Act, compliance in the region. The solution would help banks to effectively address their FATCA compliance challenge. Fintellix for FATCA compliance’ is a single comprehensive platform to track and report the FATCA status of customers. It enables a seamless flow of information from the bank to the regulatory authorities, with an emphasis on data quality, data integrity and data governance. ‘Fintellix for FATCA Compliance’ is a productized solution built by iCreate’s banking data scientists. With a short implementation cycle and minimal customization, the solution has been specifically engineered to help banks and financial institutions achieve compliance quickly at low TCO. It easily integrates with the banks’ existing systems with minimal changes. It is scalable and extensible to comply with current reporting changes and future regulatory mandates.
