Unveiling the latest FATCA & CRS Reporting Solution for Financial Services Worldwide
Home/
News And Insights/
Unveiling the latest FATCA & CRS Reporting Solution for Financial Services Worldwide
Posted: Tuesday 21 January 2025
At Vega Technology, we are committed to delivering cutting-edge solutions that help financial services firms meet their FATCA & CRS reporting obligations with confidence. Our latest release of the Tax Data Exchange (TDE) platform has been refined to ensure businesses of all sizes can efficiently comply with Automatic Exchange of Information (AEOI) requirements.
With three flexible service options, we provide tailored solutions that align with our clients’ operational needs:
TDE Enterprise, available as an On-Premise solution or hosted via Microsoft Azure
TDE Essentials, a streamlined Software as a Service (SaaS) solution hosted by Vega
This approach ensures that whether you’re a large enterprise or a smaller firm, you can choose the best model for your reporting requirements without compromising on accuracy, security, or ease of use.
Originally launched in 2015, TDE has generated thousands of XML report files for submission directly or indirectly to tax authorities worldwide. This evolution reflects our ongoing commitment to supporting our clients and as our MD, David Collings says:
“We engage in continuous dialogue with financial services professionals to understand their needs. That feedback has been key in shaping the latest updates, including the introduction of TDE Essentials - an affordable, efficient solution designed specifically for firms with smaller reporting requirements.”
We also recognise that deployment flexibility is crucial. While many providers push cloud-only solutions, we understand that some businesses require on-premise installations for greater control over data management. That’s why we continue to offer both cloud-based and on-premise configurations, allowing our clients to choose what works best for them.
Unlike many providers, we don’t believe in a one-size-fits-all approach. Some firms value the efficiency of the cloud, while others need on-site deployment for compliance or security reasons. By offering both TDE Enterprise and TDE Essentials, we empower our clients to decide what’s right for their business.
With clients in over 20 jurisdictions, our TDE platform remains an essential part of our FinTech and RegTech suite, helping banks, fiduciaries, fund administrators, and pension providers navigate the complexities of FATCA & CRS compliance with ease.
