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Case Study

Designing the target architecture for a Tier 1 UK bank to migrate its FATCA and CRS applications to the cloud

Designing the target architecture for a Tier 1 UK bank to migrate its FATCA and CRS…

Designing the target architecture for a Tier 1 UK bank to migrate its FATCA and CRS applications to the cloud

Icon Solutions
Pages 2 Pages

To mitigate severe regulatory compliance risks under FATCA and CRS, a major banking client faced a hard deadline to migrate its unsupported legacy Tax Classification Engine and Tax Reporting Application to a strategic cloud platform. Partnering with Icon Solutions, the bank successfully evolved its outdated architecture to overcome expensive infrastructure bottlenecks. By deploying specialized Icon Solutions software, the institution streamlined its complex tax reporting workflows and ensured seamless adherence to international tax authorities. This powerful software enablement empowered the bank to achieve a secure, future-proof cloud migration, guaranteeing continuous regulatory compliance and maximum operational efficiency across its entire global network.

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