About TAINA
TAINA Technology is a RegTech start up with a mission to help financial institutions automate their regulatory compliance - saving them costs, reducing operational risks and improving customer experience.
TAINA's FATCA and CRS platform provides seamless online and paper form validation for all types of FATCA and CRS forms with optional Qualified Intermediary logic including double tax treaties and withholding taxes. TAINA can also take care of all FATCA/CRS validation needs of a financial institution via in-sourcing.
TAINA builds full service online onboarding platforms covering KYC, AML, MIFID, GDPR, FATCA and CRS to provide fantastic customer experience whilst fitting the existing processes of the financial institution.
TAINA's Automated Tax Form Validators are patent pending in the UK and the US.
We are based in London's Level 39 in Canary Wharf however we work with financial institutions all over the world.
TAINA is the winner of the Global New Venture Challenge 2017.
Member of Innovate Finance, the Global FinTech organisation, a participating company of Business Growth London programme and the Mayor of London International Programme for high growing businesses funded by the European Union Development Fund.
Our mission
Intelligent and efficient solutions for FATCA and CRS compliance
We work to harness the power of computer science to empower financial institutions reduce their costs, mitigate operational risks and strengthen internal governance - from automated onboarding and due diligence through to Qualified Intermediary obligations and withholding taxes calculations.
Improve customer experience
Unique online customer-facing platform helping customers submit correct forms using IRS guidelines.
Validating all information in real time, ensuring that only valid and accurate forms are submitted to the financial institution.
Eliminating chasing and frustration associated with submitting tax forms.
Free up resources
Enable computers to read, interpret and validate FATCA and CRS tax forms and carry out all the required cross-checks, classifications and calculations, freeing up valuable human capital to focus on higher value tasks.
Solutions
Each of our solutions has been built with feedback from top experts within financial institutions.
They are all built to be flexible and adaptable to internal processes and procedures.
Each of the solutions has versions for FFI and non-FFI financial institutions, Qualified Intermediaries (QI) and non-QI financial institutions.
Each has a sophisticated validation and verification engine which will cross-check public databases as well as institution's own data.
Each of our solutions is GDPR compliant.
Data and cyber security is our absolute priority.
End-to-end holistic solution from onboarding (be it online or in the branch, with hard copy documents) to real time due diligence and validation, classification, data analysis ready for Responsible Officer sign-off. TAINA platform comprises the following modules which can be used independently or as part of a holistic end-to-end process.
Online onboarding
A user-friendly interactive solution which helps customers complete their tax form correctly.
The solution validates the form and cross-checks all the relevant information in real time, thereby ensuring that invalid forms never reach the financial institution.
Improves customer experience, eliminates chasing and frustration.
A summary of this module can be found here.
Fully automated tax form validator, including multi-layer W8IMY validation and QI logic
TAINA has designed and built the first fully automated tax form validation engine (patent pending).
Decision trees at the heart of the solution are written and kept up to date by Professor Perryman and a Big 4 firm.
User interface, validation and reporting functionality perfected by expert financial institutions' feedback.
Automatic cross-check against public databases. Intelligent and flexible cross check with financial institution's internal data.
TAINA's solution processes all major types of forms, including most recent IRS revisions.
We can build a customised solution for financial institution's own self-certification forms and languages other than English.
Download a short overview here.
Responsible Officer Module
Flexible dashboard and reporting tailored to Responsible Officers' needs. Allows them to identify areas of risk, see trends over time, drill down to underlying documentation and ultimately makes it easier for the Responsible Officer to visualise, assess and make decisions based on the information that requires their sign-off.
Withholding tax calculation Module
Calculates withholding taxes taking into account applicable double tax treaties, including blended rates and breakout rates with full audit history of payments and tax rates applied.
Value creation
TAINA creates value for its clients in two key ways:
It enables computers to read, interpret and validate FATCA and CRS tax forms in any format – including hard copy, scanned, typed and in due course handwritten forms, carrying out all the required cross-checks, classification and calculations, cutting costs and freeing up human capital tied up dealing with tax compliance to do other higher value tasks.
It uses very precise up-to-date algorithms created and kept up-to-date by the world's top FATCA and CRS experts which can radically improve accuracy and speed of compliance and mitigating the risks associated with manual errors whilst, via its online solution, improving customers' experience, helping them complete the forms accurately and ensuring that only valid forms are submitted.
TAINA Strategic Advisory Board
Vin Murria - BSc MBA OBE
Vin has been awarded an Order of the British Empire, one of the highest possible royal honours in the UK, for her services to the UK Digital Economy and Advancement of Women in Software Sector.
Vin is a legendary woman technology entrepreneur, named CISCO's Woman of the Year and Tech Entrepreneur of the Year.
In 2007, she founded her latest venture, Advanced Computer Software, which she grew to become one of the UK’s largest software businesses, before selling to Vista in 2015.
Vin brings more than 25 years of venture capital, private equity, M&A and CEO/operational experience in the software sector.
Vin is currently a non-executive director for Sophos PLC, Softcat and for Zoopla Property Group, and she is a partner at Elderstreet Investments. Previously, Vin has held non-executive director positions for Chime Communications, Greenko Group and Concateno.
Chris Gladwin
Chris Gladwin works with TAINA's management team on its key growth, technology and top technology talent decisions.
Chris has founded and built a number of very successful large technology businesses, most recently Cleversafe valued at USD 1.4 billion on its sale to IBM, making over 80 employees millionaires in the process. This is the model TAINA is determined to pursue.
Chris' experience of building successful high growth technology businesses is proving to be very valuable in ensuring TAINA's continuing sustainable growth.
Professor Andreas Fischer
Professor Fischer is one of the world's leading experts in the field of document analysis and handwriting recognition. He is guiding TAINA's research and development in this area at a strategic level.
Andreas' research group on Pattern Recognition and Artificial Intelligence is located in Fribourg, Switzerland, where he is a Professor at the University of Applied Sciences and Arts Western Switzerland and a lecturer at the University of Fribourg.
Joo Hee Lee - PhD, CFA, CQF
Joo Hee brings with her extensive knowledge and experience of the portfolio management industry and phenomenal analytical skills.
Joo Hee has been very successfully managing multi-billion dollar funds at the same time as leading a Solutions Design Team for a global Asset Management institution.
Ali Brimah - MBA, CISM, CRISC, CISS
Cyber and data security are critically important elements of TAINA's solution. Ali is a cyber security professional with extensive experience in financial institutions.
Maxim Penkin - MBA
Maxim is a Chief Operating Officer and the Head of Investments at Invest AG. Maxim is also the Chairman of the Board and a Member of the Board of Directors of a number of formidable institutions.
Hernando Bunuan - MBA
Hernando’s experience of strategic and financial transactions is extremely valuable as TAINA enters the next stage of growth. He has been instrumental in helping a number of young successful companies grow and scale up.
Hernando was a founding member of a technology investment banking team as well as a transaction structuring team at a Big 4 firm.
He is the UK Alumni President of the University of Chicago Booth School of Business.
Professor Haydon Perryman
Haydon Perryman brings with him tremendous wealth of knowledge of FATCA, CRS, DAC2, CDOT and 871(m) and practical hands-on experience of running Global FATCA, CRS and CDOT Programmes across Europe, the Americas and APAC.
Haydon's experience spans Investment Banking, Corporate Banking and Retail Banking. Haydon is a Primary Author of the LexisNexis® Guide to FATCA Compliance.
Professor Perryman's knowledge and experience will be invaluable in shaping TAINA's solution to the challenges of FATCA and CRS.
Ruslan Sibaev
Ruslan is a senior trader and financial markets professional, with over 15 years of international financial markets experience.
Currently, Ruslan heads up Fixed Income, Currencies and Commodities Trading at Promsvyazbank, one of the largest financial institutions in EMEA.
Prior to this Ruslan has done financial structuring, sales and trading in equity and credit derivatives, structured credit and other financial instruments at Standard Bank, ING, Alfa Bank and other major financial institutions.
Geographically, Ruslan has covered Russia/ CIS as well as Sub-Saharan African countries. Ruslan's expertise includes trading and structuring credit, interest rates and foreign exchange products.
Jeremy Perlman
Jeremy is a very experienced enterprise software sales leader.
He is a VP EMEA for Trifacta, a software company that simplifies data preparation with machine learning.
Previously, he held similar roles at other U.S. technology companies including Apigee (now Google) and Ribbit (acquired by BT).
Jeremy's experience is proving very valuable as TAINA is growing its customer base.
News
Market Updates
FATCA & CRS Training. Advice. Consultancy.
Mar 22, 2019 - 8 PM
FATCA: How did things ever get so far? US diplomacy – an offer you can’t refuse
Jan 7, 2019 - 10 AM
Is FATCA fair? How did this happen? Is offboarding Americans a good plan? Is FATCA good law? Can the cost of FATCA compliance be reduced? What is Mossack Fonseca alleged to have done? Fraud, Money Laundering, Tax Evasion, Pump and Dump Stock schemes. Much of what the US DoJ already knows, Under-Cover Agents. You name … Continue reading FATCA: How did things ever get so far? US diplomacy – an offer you can’t refuse
FATCA’s 2nd Indictment
Dec 12, 2018 - 5 PM
FATCA’s 1st indictment and conviction
Dec 12, 2018 - 11 AM
TAINA News
TAINA is set to further upgrade its cyber and data security certifications to the highest possible standard. Preparation for a certification under ISO 9001:2015 quality management standard and ISO 27001 IT/internet security standard are well underway.
TAINA is thrilled to have been chosen as one of the UK's Leading FinTechs by the UK Department of International Trade on its trade mission to NYC.
Team TAINA at the FinTech Innovation Lab NYC run by Accenture.
TAINA is delighted to have been chosen by the UK's Department of International Trade for its FinTech event in Frankfurt.
TAINA has been selected as one of the top 10 businesses to pitch at the Mayor of London’s TechInvest Women in Tech showcase.
TAINA has been selected as one of the world's most innovative RegTech companies in the world, for the second year running.
TAINA in Computer Weekly.
TAINA has been picked as one of the FinTech companies to watch in 2018 by TechNation.
Our latest interview on the practical ways TAINA's solutions are creating value and how RegTech is transforming the financial services.
Our CEO sharing our perspective on why we are not seeing tech giants in Europe on the same scale as in China and the US and why it is only a matter of time.
TAINA's CEO sharing our mission at the The Winners - Lessons in Leadership panel.
The awesome @Joy Macknight of The Banker interviewing our CEO as part of The Banker's TechTalk series.
London Tech Week Webinar on the latest development in FinTech, with TAINA’s CEO sharing RegTech perspective.
TAINA was selected to showcase at Google HQ in Mountain view on 6th March 2018.
Financial Times: How to turn a niche idea into a thriving start-up
TAINA's CEO sharing our take on the impact of Brexit on BBC One 11/01/2018.
TAINA in the press - Forbes
TAINA is recognised as one of the world's most innovative RegTechs.
Microsoft RegTech Growth Forum: TAINA's CEO on growing a RegTech business.
TAINA has joined the Mayor of London International Business Programme.
TAINA presenting at the Middle East and North Africa RegTech Forum in Dubai.
TAINA at FinTech Billion Dollar Opportunities panel on 20th September 2017.
TAINA named as one of Top 100 FinTechs globally by FinTech Global
TAINA's CEO sharing our take on the future of RegTech and the all-important question of diversity.
TAINA's CEO in Top MBA.
TAINA's CEO to speak at Microsoft's RegTech Growth Forum.
TAINA to represent at the RegTech Summit Europe.
TAINA Technology in Computer Weekly.
TAINA's experts to present at FATCA / CRS conference in New York.
TAINA representing high growing FinTechs in a panel moderated by BBC's Justin Webb with Zopa's Chairman Giles Andrews.
TAINA at FinTech Growth Forum by Innovate Finance.
TAINA has been selected to pitch in the 2017 Fintech Growth Forum by Innovate Finance, the global Fintech organisation.
TAINA at The FinTech Pioneers by Capco and Rise London.
TAINA in the international press
TAINA at The Rise of the RegTech - What it Means for the Future of Financial Services.
TAINA's founder on London's Fintech ecosystem
Innovate Finance publishes our blog on searching for top talent
TAINA is the first non-Chicago business to be awarded Polsky's Founders Fellowship.
TAINA is voted Number 1 in the European round of GNVC.
Upon successful completion of a pilot, TAINA enters into a long term relationship with a global financial institution.
TAINA wins the Global New Venture Challenge 2017.
TEAM TAINA are through to the semi-finals of the Global New Venture Challenge of the University of Chicago Booth.
TAINA has joined Innovate Finance, the global Fintech organisation.
TAINA has joined Level39, the largest Fintech accelerator in Europe.
TAINA at the Chicago Booth NVC Finals
December 2016: TAINA enters into a Long Term Partnership with an artificial intelligence spin off of a European University with a mission create the worlds' most accurate reader for FATCA and CRS tax forms.
TAINA's CEO is included in Women in FinTech Powerlist 2017
TAINA in the CFA Institute Magazine
TAINA's CEO interview with Axis
Join Us
We look forward to hearing from you at Recruitment@TAINA.tech
TAINA is continuing to grow. We are always on the lookout for exceptional technology and financial services talent. Right now we are hiring for the following new roles in our London hub:
- machine learning engineers with 5+ years of hands-on experience of LSTM and deep learning
- full stack C# & C++ developers, min 5+ years of experience
- experienced project manager with implementation experience of FATCA and CRS processes at financial institutions
- sales engineer with experience of large international financial services institutions
- client- facing FATCA and CRS experts to represent us in the US and Canada - on permanent and contract basis. You will need a deep understanding of our clients - major international financial institutions and their FATCA and CRS -related issues. You may be based in NYC, Chicago, Boston or Toronto.
We look forward to hearing from you at Recruitment@TAINA.tech
We hire all of our talent direct - no agencies and no outsourcing please.
Investors
We are very strongly capitalised and have a robust pipeline of investment committments so at this stage we are not looking for funding for the sake of funding alone.
We are excited about meeting and building relationships with potential substantial investors who could help us reach more customers, new regions or have expertise in scaling fast growing technology businesses in a robust sustaniable way. Please reach out to our founder maria.scott@taina.tech.
Get in touch with TAINA
A special note to the visionary innovators amongst our clients – we will be happy to work with you to fit TAINA to your specific requirements.
Visionary FATCA/CRS and industry experts - we are always happy to hear from you. Reach out to our founder Maria.Scott@TAINA.tech
For more information on our solutions or to arrange a demo: contact@TAINA.tech
Come work with us! We are recruiting exceptional tech talent: Recruitment@TAINA.tech