About TAINA

TAINA delivers cutting-edge FATCA, CRS and Chapter 3 technology solutions for financial institutions, saving them costs, reducing risks and improving client experience.

 

The fully automated platform seamlessly validates all major FATCA and CRS forms - including multi-tiered - in all formats, and calculates withholding taxes. Its flexible optional built-in workflow enables a streamlined and auditable process.

Key value drivers

  • Demonstrate compliance with a fully automated robust process and a transparent up-to-date rule set
  • Performs validation for the different tax regimes (FATCA , Chapter 3, CRS) in the same module, at the same time, with the appropriate business rules activated at the click of a button
  • Fully configurable and adaptable e.g. institution’s own Self-Certification forms, specific questionnaires or Reporting Consent, where relevant, can be collected / Validated together with the Tax forms
  • Increase efficiency, reliability and turn-around times of validations – 75% faster validation process in the latest test case with a fund administrator
  • Mitigate risks associated with manual way of working – have been able to free up over 40% of an Operational team to focus on higher value risk mitigation
  • Automatically validates all forms in complex IMY structures and auto builds the IMY tree based on the excel allocation statement uploaded together with the top level IMY
  • TAINA’s OCR tool is fully adaptable e.g. can map in institution’s own Self-Certification forms
  • In the online solution, Clients complete, positively attest their details accuracy and electronically sign an actual IRS W form and/or CRS Self-Certification Form

    The signed form is stored in .PDF format for auditing purposes, which simplifies evidencing of regulatory compliance
  • Cutting costs – achieved cost savings of 84% per form
  • Transform Clients’ experience with simple, intuitive online solution validating forms in real time

Our Mission

TAINA Technology is a RegTech with mission to help financial institutions and their service providers revolutionise their clients' lifecycle management one step at a time, saving them costs, reducing operational risks and improving customer experience. 

TAINA's first step towards this goal is FATCA, CRS and Chapter 3 platform delivering fully automated seamless validation and withholding calculations.

Common pain points

  • Institutions deploy highly skilled staff for manual, repetitive work Institutions deploy highly skilled staff for manual, repetitive work
  • Dealing with documentation is painful and too slow for clients and financial institutions Dealing with documentation is painful and too slow for clients and financial institutions
  • Costs of compliance are prohibitively expensive, leaving Institutions exposed Costs of compliance are prohibitively expensive, leaving Institutions exposed

TAINA solutions

  • Mitigate risks associated with manual ways of working, <em>freeing up over 40%</em> of an operation team to focus on higher value risk mitigation Mitigate risks associated with manual ways of working, freeing up over 40% of an operation team to focus on higher value risk mitigation
  • Increase efficiency, reliability and turn-around times of validations – <em>up to 75%</em> faster in our most recent test Increase efficiency, reliability and turn-around times of validations – up to 75% faster in our most recent test
  • Cutting costs through automation – savings of <em>over 83% per form</em> Cutting costs through automation – savings of over 83% per form