A+ Consulting at ICT Spring. Luxembourg 28 & 29 June 2011, Cloud & e-Hosted Solutions Village.

A+ Consulting in partnership with Intelli+ will present their new product and service offering.

FATCA

FATCA has led to many animated debates in the banking, insurance and asset management sectors. Today, most organizations do not ignore the fact that implementing the FATCA regulations is expensive with no return on investment.

A+ Consulting through its partnership with INTELLI+ always strives at providing best-in-class solutions to the market and proposes to use the SIICOD Financial Industry Suite for tackling the FATCA Challenge.

By combining its sophisticated detection engine with custom workflows, SIICOD allows to find US indicia into large customer databases and take actions as per mandatory legal requirements. Compliance users can be alerted in case of non-compliance and recalcitrant customers. Evidence documents can be attached, searched and mined by using unique SIICOD text mining capability.

Using SIICOD to address the FATCA challenges gives an opportunity to streamline the actual identification of customers (KYC) and follow-up documentation with advanced text mining capability, which will allow substantial return on investment. Having such a modular and scalable system secures that any new requirements from the IRS can be taken into account rapidly.

A+ Consulting and Intelli+ propose the SIICOD solution in standard deployment or SaaS mode with its PSF partner.

In both cases an encryption of the database up to 128 bits can be provided on demand.