Simplifying GATCA Compliance
ISG Names Mindtree a Top 15 Sourcing Service Provider
Mindtree Recognized as Leader in Application Development and Maintenance Services by ISG
When the Organization for Economic Cooperation and Development (OECD) released its Global Standards for Automatic Exchange of Financial Information (GATCA), it created several challenges for financial organizations. In addition to the regulation’s complexity and a lack of technology resources, many organizations faced issues integrating internal systems and global standards, identifying regulatory impact on existing accounts, and adhering to stringent implementation timelines.
Mindtree helps financial institutions across the globe comply with regulatory requirements. Our experts have successfully implemented Foreign Account Tax Compliance Act (FATCA) solutions for many global organizations, and we can leverage our business experience to streamline GATCA compliance.
Mindtree’s GATCA solution simplifies compliance in the following ways:
- Identify applicable GATCA obligations and translate them to IT requirements
- Develop protocol for any registration of legal entities into the regulatory portal
- Perform GAP analysis to identify the available and missing data
- Implement data cleansing, build enhancements and connects, and report generation for withholding and informing regulators
- Perform quality assurance and testing to ensure linked systems have not been affected in terms of stability and performance, and to ensure reliability and readiness
- Implement an internal controls framework and governance models to monitor ongoing compliance and apply new reporting standards as required
Mindtree Recognized as Embedded Systems Leader in Zinnov Global Service Provider Ratings
Mindtree’s leadership in embedded systems was recognized in the “ Global Service Provider Report ” from Zinnov, a leading globalization and market expansion advisory firm. Zinnov began conducting global R&D service provider ratings (GSPR) in 2009 and continues to provide objective analysis of the top product engineering service providers…Read More