3i Infotech, a global provider of IT solutions, today announces the successful implementation of its WHTPro solution with leading wealth manager, Rathbone Investment Management.
Rathbones realised that to serve the need of its global clients, it needed to overhaul, consolidate and integrate its existing technology applications, and start to build a tax platform that would provide benefit and efficiencies now, but also provide future flexibility as the FATCA changes unfold.
As a fully scalable platform, WHTPro will be able to grow with the business, and manage ever larger amounts of data as the legislation is enacted globally.
"The impact of the FATCA legislation on the global wealth management industry cannot be underestimated", said Piers Farbrother, Sales Director, 3i Infotech Western Europe. "By looking at the legislation before it is fully implemented, we've been able to consult with our customers in order to develop a solution that enables them to handle multiple data requests and convoluted reporting efficiently and cost effectively."
David Phelps, Operations Director Rathbone Investment Management said: "With the ever-changing shift in global tax regimes, we are constantly working to ensure that our clients' interests are best served by our by our technology and services. By adopting the WHTPro solution from 3i Infotech we have been able to tackle the administrative challenge posed by the latest regulatory frameworks. We look forward in continuing to work with 3i Infotech as the legislation continues to evolve."