2024 Proved the Critical Role of Data Automation in Building Resilience
As the financial services industry navigates market volatility, rising client demands, and an ever-evolving regulatory landscape, automation has emerged as a vital tool for remaining compliance and competitiveness. By adopting data automation, firms can enhance efficiency, adapt to global standards and regulations such as the EU’s FASTER directive, and significantly improve customer experiences. Read on to explore the pivotal role automation has played — and will continue to play — in financial services.???
Tax digitization is sweeping across Europe, with the EU’s FASTER directive set to take effect January 2030, requiring new withholding tax (WHT) processes and reporting requirements. Germany’s Modernization Tax Act, aligning with FASTER standards, will demand compliance by 2027, with other countries likely to follow. These initiatives aim to simplify compliance, reduce double taxation, and streamline operations.??
Read our latest blog on preparing for these changes with data automation. For more insights, watch our recent webinar with 毕马威（英国） on future-proofing tax operations.??
In the News?
In 2024, firms that found success implemented a strategic and focused approach to AI and data automation implementation. In a recent article in TabbFORUM , our Co-Founder and CTO Dan Reid explored the shift to AI pragmatism, the democratization of AI, and a focus on tools that enhance agility and efficiency to navigate capital markets’ challenges. ?
Read the full article here to learn more.?
As the UK prepares to move to T+1 settlement, and ESMA proposing to move to T+1 by October 2027, automation and global alignment are critical components for firms seeking to effectively manage this shift. In a recent article for Finextra , Paul Chambers , our Capital Markets Product Manager, explores how the UK Accelerated Settlement Taskforce’s recent recommendations could mark a fundamental shift for UK markets.??
Read on to learn more here.???
We’re thrilled to announce that Xceptor has been awarded the Best Client Onboarding Solution at Data Management Insight, from A-Team Group 's Data Management Insight Awards Europe 2024 for the second year in a row. Thank you to those who voted for us, and for your continued support as we strive to innovate and improve customer experiences in financial markets.??
Learn more about our award-winning solution here.????
Join us for our upcoming webinar to learn how to tackle the challenges faced in the fund administration sector that hinder efficiency and compliance. We’ll be featuring experts from Xceptor, as well as clients, to discuss key operational inefficiencies that slow down processes for both fund administrators and buy-side firms, scaling as transaction volumes grow, and best practices to put in place today. Tune in on January 28, 10:00 am EST/15:00 pm GMT to learn more. ??
Register here! ?
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