FATCA is a new US law released to prevent tax evasion by US citizens and residents through use of offshore accounts. This new law requires financial firms to implement considerable enhancements to their processes and systems relating to the collection and reporting of client information, Bank-BI® FATCA Compliance System from Pio-Tech combines the tools, technology and expertise to deliver a solution that helps organizations to manage and control the complete cycle of their client identification, information management and reporting process with minimum impact on their current technology infrastructure.
“We are glad to be working with Bank of Jordan on this substantial project,” said Rand Hashem, Managing Director, Pio-Tech. “Our Customer receive the highest standard of services and technology to comply with the FATCA regulations, we will work jointly with Bank of Jordan to become FATCA compliant in the most effective and efficient manner ".
Pio-Tech is a system integrator and business solutions provider with a commitment to perpetual innovative performance powered by strategic alliances with distinguished business partners and internal skillful & visionary team of consultants dedicated to enriching our customers with bright Ideas for enterprise management solutions.