Datatracks Oxbow: revolutionizes the compliance for financial institutions!

Datatracks Oxbow: revolutionizes the compliance for financial institutions!

DATATRACKS, a global pioneer in the area of regulatory report solutions, has introduced a new, state-of-the-art version of its popular FATCA/CRS report software, DataRacks Oxbow. This cloud -based solution revolutionizes the compliance for financial institutions by simplifying the creation of reports and improving the accuracy through a user -friendly interface. "We are very happy about this upgrade, which underlines our commitment to innovation and customer success," explains Suresh Swaminathan, CTO of Datatracks. With this advanced technology, the financial institutions will enable the complex requirements of the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) to master efficiently, such as finance.yahoo.com reported.

An outstanding feature of Datatracks Oxbow is its ability to efficiently process thousands of investor data and to adapt flexibly to XML schemes of various legal systems. This new version also offers important improvements such as safe cloud hosting with a high data protection standard, an intuitive reporting assistant and a newly designed dashboard that simplify the preparation of reports, improve user-friendliness and reduce manual effort. In addition, multi -usable workflows support the cooperation of preparation and review, which ensures greater security and responsibility. It is also contained a seamless integration with the IRS for the digital signing and submission of FATCA reports, such as "https://www.ots.at/presseaus-sung/ots_20250319_ots0002/datatracks-oxbow-ein-paradigmenschechen-in-der-globalen-compliance"> ots.at added.

extended functions and security features

The revision also closes functions such as a built -in validation with specific rules for different legal areas, e.g. B. Luxembourg and Kaiman Islands. This ensures compliance with the respective regulations and enables effortless adjustments to new regulatory requirements. Oxbow also offers a comprehensive audit trail function that follows every user action to ensure transparency. The institutes enable all of these improvements to manage complex, multi -Jurisdictional reporting with confidence and increase efficiency significantly.

The latest version of Datatracks Oxbow is a clear indication of the company's endeavor to simplify compliance with global regulations. In the past 20 years, Datatracks has supported over 30,000 customers in more than 25 countries. These comprehensive solutions continue to position Datatracks as an indispensable partner for financial institutions in the increasingly complex regulatory environment.