In an ever-shifting financial landscape, TAINA has not only weathered the storm but also charted a remarkable growth path. The company’s dedication to revolutionising regulatory compliance has shone through in their state-of-the-art technology, tailored to meet the dynamic regulatory needs of the industry.
The TAINA Platform has adapted to market demands with strategic and timely solutions, establishing itself as a leader in automated tax compliance. This success story underlines the company’s ability to foster innovation amidst challenging times. The RegTech company recently looked back at what it achieved in 2023.
Industry Recognition and Awards won in 2023
TAINA’s groundbreaking work in regulatory technology has not gone unnoticed. The year 2023 saw the company earning a plethora of prestigious accolades and recognitions:
- Winner of the Best RegTech Platform Award at the FinTech Breakthrough Awards.
- Maria Scott, TAINA’s CEO, honoured as a Senior Leader in the 2022 FinTech Powerlist.
- Recognised by the City of London as a top UK RegTech company.
- Featured as a leading RegTech solution in Deloitte’s 2023 RegTech Report.
- Seven consecutive years in the FinTech Global Regtech100
- Third consecutive rise in the Business Cloud RegTech 50 list.
- Selected as one of the Top 10 FinTech Scaleup companies in the Global Scaleup Competition.
- Finalist for the RegTech Partner of the Year 2023, British Bank Award.
The Launch of TAINA Accelerate
TAINA introduced TAINA Accelerate, a cost-effective, accelerated deployment model. This innovation removes the barriers of resource and budget constraints, enabling clients to easily set up the TAINA platform without the need for technical expertise or IT resources.
Expansion into the Asia Pacific Market
2023 marked a significant step in TAINA’s global strategy with the opening of its first office in the APAC region. This expansion enables TAINA to better cater to clients in the Asia Pacific, furthering their reach across the continent.
2023 TAINA Platform Enhancements
TAINA introduced several enhancements to its platform in 2023, increasing client ROI:
- The Transaction Engine, simplifying withholding/payments calculations across customers and IMY structures.
- IMY Structure Linking across accounts, reducing time and risk in managing multiple institutional accounts.
- Improved Special Rates Claims UX, streamlining research and input processes for treaty rate claims.
These enhancements, along with the internationalization of the platform and the introduction of Data Privacy Mode, ensure global applicability while adhering to PII regulatory compliance.
Exciting Developments in the Global Tax Landscape
2023 witnessed major developments in the global tax landscape, including increased enforcement, regulatory changes, and the advent of CRS 2.0 and CARF. TAINA has been at the forefront, helping clients navigate these changes.
For more on these changes, visit “Top 5 Upcoming US Tax Regulatory Changes” and “2023 Regulatory Round Up: Year in Review & a Look Ahead.”
Customers’ Feedback
Managing Director of a Global Top Tier Financial Institution: “I recently visited our offshore team where they showed me TAINA in day to day action! It really has transformed our classification processes, which now completes immediately right in front of your eyes through the advanced OCR capabilities and the on screen ability to see the original form and the structured data ingested version.”
Project Manager of a Global Top Tier Financial Institution: “We have had many vendors and third parties that have tried to work with us but it always fails during implementation when our IT systems cannot align. It’s been great working with TAINA to ensure our IT systems are compatible and the integration works. The TAINA team have been fully supportive and very flexible with having to accommodate our internal infrastructure changes. As a result, we have proven our integration works successfully.”
Statement from CEO
Maria Scott, TAINA CEO and Founder, said, “As we take stock of 2023, we are hugely grateful to our customers for all their continuing support for us and our mission. We are thrilled about all of the advancements our Team made for our clients – for example, Accelerate is a strategic move eliminating the need for internal resources and empowers clients to start realising benefits so much faster and ultimately ROI for them is higher…
“As we enter 2024, we will continue to do everything in our power to deliver highest possible returns on investment for our customers and our investors.”
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