New standard interface enables an easy integration of our market-leading software reclaimer® with the Temenos Banking Software
reclaimer® now available for Temenos Banking Software
Zürich, Feb 2022
reclaimer® is the market leading software that enables banks to offer a state-of-the-art withholding tax reclaim and relief service to their customers. Banks using the Temenos Banking Software can now easily and efficiently make use of reclaimer’s cutting-edge functionalities and thereby increase the after-tax return of their client’s investment portfolios.
With reclaimer® banks can reduce the withholding tax burden on investment income that clients receive from shares/depositary receipts, bonds, investment fund units, or from any other financial instruments, and is user-friendly, secure, and compliant to all relevant rules. The complex tax-rules and business-logic, that are relevant to get the relief, are fully embedded in reclaimer® and updated on an ongoing basis.
Standardized interface for Temenos Banking Software
reclaimer® is now on the Temenos Exchange platform and a new standardized bi-directional interface to Temenos Banking Software allows Temenos banks to efficiently connect reclaimer® with the Temenos Banking System. reclaimer® automatically receives the necessary data from the Temenos Banking system through an application programming interface (API). During the import, reclaimer® validates, calculates, and combines the data to have a readiness to proceed, whilst being compliant to all rules, securing economic efficiency, and using deadline-monitoring to avoid any operational risks.
Available on Temenos Exchange
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. Joining Temenos Exchange means Confinale can sell its reclaimer® solution across a vast banking audience of more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.”
“Our admission to Temenos Exchange and the launch of our new Temenos interface further represents exciting milestones on our successful journey to democratize the withholding tax relief process. The new direct connection to the Temenos platform significantly increases reclaimer’s global market-reach and means that, going forward, even more clients will be able to claim the withholding tax relief to which they are legally entitled. We really look forward to leveraging the power of the Temenos Banking Platform by connecting it with our reclaimer®”, Andreas Urban, Senior Sales and Business Developer at Confinale.
For more details on reclaimer® for the Temenos Banking Software please contact Andreas Urban or your Temenos relationship manager.
Senior Sales & Business Developer