Wholesale Banking Tax Center of Excellence for a Leading BankA combination of consulting capabilities and partnering with technology to build an innovative capable digital solution.
A top tier bank wanted to establish a tax center of excellence to solve multiple challenges of its current wholesale tax services system for global corporate, municipal and institutional clients. The challenge was to provide a strategic solution to centrally manage, report and comply with Federal reporting for Withholding and FATCA compliance. To achieve the objective, Synechron suggested building a unified tax portal to manage client onboarding, calculate tax withholding and enable statutory reporting to the IRS. Synechron combined both consulting capabilities and partnering with technology to build an innovative capable digital solution.
We provided the following services:
Standardized and centralized dynamic technology
A global team with a laser focus
How we've helped
Mobile device review capability utilizing a unified inbox and simplified processes
Omni-channel API Strategy using Microservices
Creation of a digital onboarding experience to open a new account
Developing an end-to-end Cloud infrastructure
Data-driven ability to manage risk, inventory, and profitability
Migration of a legacy Business Management System Software