Home › Technologies › FATCA/CRS
Technology · Regulatory compliance
Your FATCA and CRS report, as XML files ready to sign and submit
Your team fills in an Excel template with the reportable persons. We return the official XML files, validated against that year's current schema and split by jurisdiction, so the Compliance Officer only has to sign them and upload them to the tax authority.
Who it's for
Made for small and mid-sized financial institutions
For a large bank, an IT project that pulls the data out of the core banking system and transforms it may make sense. For a cooperative, a finance company or a mid-sized bank, it doesn't: the FATCA and CRS XML schemas change from year to year, fields are added, and that project would have to be redone every time.
The simplest approach is to handle the data in Excel and leave the conversion, validation and splitting by jurisdiction to us.
An IT project
Extraction from the core banking system, data transformation and maintenance every time the schema changes. Costly and slow for the size of the institution.
Instead
The FATCA/CRS service
Your team works in Excel, as it already does. We deliver the XML files aligned with that year's schema, every reporting period.
Clients who come back every year
Financial institutions that trust us with their report, period after period
It is an annual service: whoever uses it once comes back for the next reporting cycle.
Coopeuna
Savings and credit cooperative
Costa Rica
Coopecaja
Savings and credit cooperative
Costa Rica
Credecoop
Savings and credit cooperative
Costa Rica
Financiera Desyfin
Finance company · until 2024
Costa Rica
Any jurisdiction
Our clients have been in Costa Rica, but the service handles the standards and schemas of any jurisdiction.
What do we use it for at EXYGE?
The problems it solves in your operation
Building the FATCA and CRS XML files by hand every year, with the risk of rejection.
Format errors discovered when uploading the report to the authority.
Several jurisdictions with different requirements.
Depending on a single person who knows how the report is done.
How do we implement it?
From template to report
01
We prepare the template
With your team, based on the information you already have.
02
We generate the XML files
Official and pre-validated, split by jurisdiction.
03
We review with you
Before submission, so the report is right the first time.
04
We repeat every period
The same documented process, for every reporting cycle.
In which solutions?
Where does FATCA/CRS come in?
Modern controllership, risk and compliance
The annual regulatory report with a documented method and evidence, without depending on a single person who knows how it is done.
Finance operations and shared services
Information on reportable clients comes out of operations in order, so each reporting cycle closes on time.
Is your FATCA/CRS report still put together by hand?
Let's talk for 30 minutes about your next reporting period.
