Enquiry Form

Overview

In 2014, the US government has introduced the Foreign Account Tax Compliance Act (FATCA) to ensure better tax compliance by its citizens.

Nelito's FATCA solution enables banks to meet the FATCA requirements of non-US banks search through their customer databases to identify those customers suspected of being U.S. persons and to disclose the account holders' names, TINs, addresses, and the transactions of most types of accounts to the IRS.

Features

  • Our FATCA solution can be deployed for Identification of U.S. Account based on the Indicia released by IRS and flagging of account as Complying & Non-Complying account.
  • It also enables transaction monitoring for the different types of account and can be leveraged for Payments Tax Withholding on Non-Complying Accounts.
  • With its proven record of Regulatory Reporting for Suspicious Transaction, Clari5 provides a comprehensive workbench for FATCA reporting to Regulatory Authorities.

Benefits

  • Comprehensive compliance with FATCA
  • Faster & effective turnaround for US Account Identification
  • Platform led approach to solving FATCA & other similar acts
  • Unrestricted access to key US markets
  • Reduced manual operational effort towards segregation of US Accounts
  • Hassle Free rollout in the banking solution environment

CLIENT SPEAK

  • CBS

    “The Bank is associated with M/S Nelito since 2002. M/S Nelito Systems Ltd has been our CBS vendor since 2009. The Products, quality of service offered by them are excellent. They have a very good support team and are trained enough for handling any type of situation.”

    D K Kandpal | Vice President (IT)

    Nainital Bank
  • MIS ADF

    “Good & Co-operative.”

    Ronniee Gupta | DGM

    UCO Bank
  • CBS

    “We appreciate your local team who continuously supported & assisted our team to meet the goal.”

    Nagendra Nath Sinha | Principal Secretary IT

    Government of Jharkhand, Ranchi
  • CBS

    “Our Bank is attached with Nelito Systems Ltd since 2002 and migrated to CBS on FinCraftTM CBS Core Banking Solution of Nelito Systems Ltd, in the year 2005.The application is functionally rich, user friendly and easy to navigate. We are using other supporting interfaces of Nelito like anywhere ATM, SMS Banking, RTGS/NEFT, Share Accounting etc and it has helped us in smooth automation of Banking operations. The bank is getting more time for Business Development”

    V P Bhandari | Managing Director

    Hindu Co-operative bank
  • CBS

    • As Vendor strict adherence to process & procedures
    • Risk Mitigants in Place
    • Flexible to customer requirements

    Dinesh Negi | VP (Clg)

    DCB Bank Ltd
  • Custom Application Development testimonial

    “Nelito’s proactive customer centric approach and use of industry best practices enabled us to convert our business function in world class core IT application .”

    Umesh Ikhe | Group CTO

    Care Ratings
  • CBS

    “The Software has excellent real time response even from our remote branch which is app. 100 kms from the Data center”

    Rashmikant Kalathia | Ex. General Manger

    Ahmedabad People Co-operative Bank Ltd.
  • CBS

    “Nelito has given one stop solution and completed the browser based CBS Computerization of 54 branches within 7 months of our order. We are happy with the product and services “

    B.J. Kale | General Manager

    Akola DCCB