In my last blog I talked about 5 quality challenges affecting FATCA compliance. Now let us see how to address them.
The following three-stage approach for FATCA quality assurance pack is designed to identify any gaps in the implementation process, report issues to stakeholders and enable informed decision-making.
Stage 1. Test planning and design to assess the FATCA implementation and design a scope for data-centric, functional, performance, security and interface testing.
Stage 2. Test execution through an automation framework, Agile testing and product assessment.
Stage 3. Test results are examined and gaps are identified.
3 Stages of FATCA Testing and Quality Assurance
To know more about Mindtree’s FATCA testing and quality assurance pack, email us at [email protected].
Recommended FATCA reading:
- Blog: 5 quality challenges affecting FATCA compliance
- Survey results: Strategies for Achieving FATCA Compliance
- A comprehensive whitepaper which gives a step by step guide to quality assurance in FATCA
- Viewpoint: FATCA – The need for product assessment