MAKATI, Philippines, May 12, 2014 /PRNewswire/ --
Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM), and Customer Communication Management (CCM) solutions, organized a seminar on 'Creating a Blueprint for FATCA Success', in Makati, Philippines, on April 3, 2014. The seminar focused on preparing financial institutions become FATCA ready.
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The seminar featured distinguished FATCA experts including Ms Rossana S Javier, Consulting Managing Partner, at PwC, Philippines and Mr Dante T. Fuentes, FVP & Chief Compliance Officer at Security Bank, Philippines, alongside Newgen FATCA Center of Excellence (CoE). The Newgen CoE team emphasized on creating the right strategy and leveraging IT infrastructure to ensure FATCA readiness and compliance.
The panel discussion helped clarify many doubts revolving around FATCA compliance. The informative and brief discussion was moderated by Mr. Pramod Kumar, Business Head - Asia Pacific, at Newgen Software.
Speaking about the seminar, Mr Diwakar Nigam, Managing Director, Newgen Software, said, "The flexibility which our FATCA solution offers, will save huge amount of effort and time spent by financial institutions to achieve FATCA compliance. The solution can easily be customized to comply with the varied FATCA mandates applicable across different countries. This is one of many parameters on which Newgen Case Management approach scores over the approach that leverages usual AML (Anti Money Laundering) applications to cover FATCA compliance."
Talking about FATCA rules and regulations, Mr. Dante said, "Considering the complexities and heavy penalties associated with FATCA violations, financial institutions should look for FATCA solution providers who can help them better understand and adhere to the mandates of FATCA."
The seminar was attended by around 43 business and compliance leaders from around 19 major banks in the Philippines.
Newgen Software (http://www.newgensoft.com) is a leading global provider of Business Process Management (BPM), Enterprise Content management (ECM), Customer Communication Management (CCM) and Case Management, with a global footprint of 1100+ installations in over 57 countries with large, mission-critical solutions deployed at the world's leading Banks, Insurance firms, BPOs, Healthcare Organizations, Government, Telecom Companies & Shared Service Centers. Newgen's Quality Systems are certified against ISO 9001:2008 and Information Security Standard, ISO 27001:2005. Newgen has been assessed at CMMi Level 3.
Contact:
Asif Khan
Asif.khan@newgen.co.in
Tel: +65-6221-8432
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