The Common Reporting Standard (CRS) is a global standard for the automatic exchange of financial account information between governments around the world to help fight against tax evasion. It requires all financial institutions that operate in a CRS participating jurisdiction to gather customer information and report it their local tax authorities.
Built for Financial Institutions
The Temenos CRS solution has been designed to enable financial institutions to comply with the Common Reporting Standards.
Temenos CRS can readily support the reporting of both Personal and Corporate customers. Additionally, can we design it so that this section is not displayed to the viewer split over 2 separate screens.
Due Diligence Procedure
The Temenos CRS provides support for both internal due diligence processes and customer self-certification information.
Reporting & Information Exchange
The Temenos CRS modules provide Financial Institutions with the ability to create CRS compliant submission files ready for uploading to the local Tax Authority.
Temenos can also provide extensive support to Financial Institutions operating in jurisdictions that have country-specific variations to the Common Reporting Standards.
Temenos recognized as the only Global Power Seller in the 2020 Deal Survey, with more than double the new named deals of the next banking platform
The Global Platform Banking Deals Survey 2020 from Forrester is available to view now. The Forrester survey recognizes Temenos as the only Global Power Seller with a 30% increase in new named deals.
Temenos Compliance Advisory Live gives you front row access to our team of compliance experts in an open, virtual Q&A panel setting. Please join us as we share our most frequently asked questions, take new questions from the audience, and navigate the ins and outs of Payment Deferral Programs together.
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