U.S. IT giant IBM and management and technology consultancy BearingPoint will be joining forces to focus on the regulatory technology needs of German financial services firms that are struggling with the demands of Basel III, MiFID II/MiFIR, EMIR II and Solvency II. The Frankfurt-based BearingPoint confirms that its RegTech product unit is partnering with the… Read More >>
2,000 Firms Use BearingPoint FATCA Service
While controversy swirls around the Foreign Account Tax Compliance Act (FATCA), management and technology consultancy BearingPoint reports that between March and August 2015, more than 2,000 financial institutions in 45 countries have been using its FiTAX financial information about U.S. clients to meet reporting requirements for local tax authorities and the Internal Revenue Service (IRS)…. Read More >>
