FATCA
Mahindra Satyams solution enables you comply with Foreign
Account Tax Compliance Act (FATCA)Are you onboard with FATCA as you
sail foreign waters?
Tech Mahindra 2013 Mahindra Satyam 2013# Tech Mahindra 2013
Mahindra Satyam 2013
Foreign Account Tax Compliance Act (FATCA)As per the act, non-US
Foreign Financial Institutions and US withholding agents have to
report financial activities of US taxpayers to the US Internal
Revenue Services (IRS)
# Tech Mahindra 2013 Mahindra Satyam 2013
ChallengesFinancial Institutions face a complex set of
challenges when implementing FATCA compliance across geographic and
multiple lines of business:Lack of unique customer data across line
of businessDiscrete systemsStrict deadline for enforcementComplex
regulation
# Tech Mahindra 2013 Mahindra Satyam 2013
Market LandscapeMauritiusCayman IslandsMiddle
EastAustraliaEuropeIndiaCanadaSouth AfricaSingaporeLatin America#
Tech Mahindra 2013 Mahindra Satyam 2013
Target Customer ProfileBFSI customers globally having
relationship with US tax payers or investments
# Tech Mahindra 2013 Mahindra Satyam 2013
Introducing MSAT FATCA SolutionOur FATCA TRAC Solution has the
capability for identification, validation, withholding &
reporting for FATCA compliance. Draws on MSAT-Dion Globals inherent
technology expertise, integrated global delivery model, and the
experience of large financial service provider.
Standalone system to populate data across LOBsOff-the-shelf
solution that reduces deployment and adoption cyclesPlug-and-play
solution that easily interfaces with various systemsStrong trained
resource pool to decode complex requirements# Tech Mahindra 2013
Mahindra Satyam 2013
Solution OverviewFATCA TRAC is a comprehensive compliance
solution, covering all aspects of FATCA from classification to
reporting and payment. Its EAI/modular design enables firms to
deploy only the elements they require and can be integrated with
proprietary or third party systems. Key elements of FATCA TRAC
are:Highly-configurable rules engine populated with a pre-defined
rule set that has the flexibility to support standard and IGA
model.In-built functionality to auto-populate W8W9 for tax support
and case management to monitor client correspondence. Fully
interoperable payment module for Withholding Tax
calculation.Reporting capability for dialogue with the reporting
authority, clients and management information systems.Built on
entity concept, hence able to aggregate data from multiple line of
business and source systems.
# Tech Mahindra 2013 Mahindra Satyam 2013
Competitive LandscapeMajor CompetitorsOracleTemenosInfosysNice
Wipro
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Our DifferentiatorsSolution that is built, ready for deployment
and being currently implementedModular solution that allows
implementation of all four modules of FATCA requirement or only the
module that is required for hybrid implementationEasily adapted for
future IRS changes and similar initiatives from other global tax
bodiesComplete FATCA solution for single or multi-entities under
either FATCA regulations or IGA regulations
# Tech Mahindra 2013 Mahindra Satyam 2013
The MSAT Advantage: FATCA Center of Excellence (CoE) Dedicated
FATCA SME Data analysis & logical/physical data supportTools
for FATCA Impact Analysis on client on-boarding ecosystemUAT/SWAT
TestingProject/Program Management templatesProcess Consulting with
trained pool of business analysts ready for deployment
# Tech Mahindra 2013 Mahindra Satyam 2013
Points of ContactsSolution ArchitectJagmohan
[email protected], Pricing & Case
Studies/CollateralsSabari [email protected]# Tech
Mahindra 2013 Mahindra Satyam 2013
Thank YouSafe HarborThis document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. The forward-looking statements contained
herein are subject to certain risks and uncertainties that could
cause actual results to differ materially from those reflected in
the forward-looking statements. Tech Mahindra & Mahindra Satyam
undertakes no duty to update any forward-looking statements.Safe
HarborThis document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
The forward-looking statements contained herein are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those reflected in the forward-looking
statements. Tech Mahindra & Mahindra Satyam undertakes no duty
to update any forward-looking statements.# Tech Mahindra 2013
Mahindra Satyam 2013
