Complete your FATCA & CRS Due Diligence & Identify your Reportable Accounts with Confidence & Control!
The OPES FIRE solution is a fully integrated suite of tools and intelligence that enables financial institutions to easily manage and comply with FATCA and CRS requirements. FIRE electronically searches through all client data, automatically identifies those subject to FATCA regulations and CRS, and then provides you with remediation steps for each account. The integrated rules engine combined with a complementing workflow manager enables you to expedite the review process and mitigate manual errors.
FIRE’s centralized dashboard summarizes all your clients according to FATCA and CRS classification (Reportable, Non-Reportable, Recalcitrant, or Undocumented). It provides you with a holistic view of your FATCA and CRS Statuses.
Compliant Customer On-boarding
Improve your customer experience with streamlined processes that meet regulatory requirements, based on customer type, lines of business, unique characteristics, and risk.
Customizable Controls & Full Audit Trails
Customizable permissions within FIRE enable you to control what specific users or departments can access or edit client data. In addition, an audit trail allows you to fully capture client changes in circumstances.
FIRE will automatically create the required appropriate XML file/files according to both FATCA and CRS requirements.
OPES FIRE Comprehensive FATCA/CRS Solution Framework
Potential Persons With Indicia
3. Seamless Integration of
Systems / Data Cleansing
Search Rules Engine
5. Request Client
Documentation & Investigate
6. Data Validation
For Missing Indicia
7. Confirm Status Reportable /
8. Electronically Generated
Tax Authority Report