AMSTERDAM & FRANKFURT, Germany, Oct 9 (Bernama-BUSINESS WIRE) — BearingPoint RegTech, a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech), announced that Standard Chartered Bank has successfully deployed the tax reporting solution FiTAX to fulfill its global reporting obligations. These include CRS (Common Reporting Standard), FATCA (Foreign Account Tax Compliance Act) and QI (Qualified Intermediaries) reporting.
To tackle the challenges of efficient, high-quality tax reporting across multiple countries, Standard Chartered selected BearingPoint in 2018 as provider of a single integrated reporting solution. The bank was looking for a software that is able to keep pace with the continually changing reporting requirements; as well as a partner with the consulting capabilities to support the one-time implementation project, and other ad hoc consulting needs.