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February 4, 2013
08:17 EDTHHSHarte-Hanks' Trillium Software comments on FATCA regulations
Trillium Software, a business of Harte-Hanks, has commented on the final FATCA regulations published on January 28. "The final FATCA regulations bring well-needed clarity to financial institutions, whilst continuing to highlight the necessity for firms to be able to confidently identify and report on accounts with U.S. indicia," said Jon Asprey, vice president strategic consulting at Trillium Software and leader of the Trillium FATCA Compliance Data Assessment consulting team. "Our work with financial institutions suggests that while many firms are making progress towards FATCA compliance, a good number haven't yet certified that their data capture processes and existing client information will support reliable account identification and classification. We'd recommend that firms gain a comprehensive assessment of the completeness and accuracy of their client data, not continue to rely upon gut-feel and assumptions," said Asprey. "Trillium proposes that institutions now certify their existing account data, as well as new client data capture processes, which should allow time to plan, resource and deliver on what could be complex remediation projects across multiple source systems."
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February 4, 2016
06:07 EDTHHSHarte-Hanks reports Q4 EPS 4c, consensus 9c
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