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Top Tier Global Financial Institutions Invest In TAINA’s Latest Funding Round

Top tier global financial institutions Deutsche Bank and HSBC Asset Management invest In TAINA FATCA, CRS & QI Compliance Platform’s funding round led by Anthemis Group.

(PRUnderground) October 28th, 2021

TAINA Technology, an award-winning regulatory technology company, has announced today that it is closing a substantial funding round, welcoming onboard Deutsche Bank and HSBC Asset Management’s Financial Technology Venture Capital Fund alongside its existing investors led by Anthemis.

TAINA transforms robust regulatory compliance into a competitive advantage for all types of financial institutions and their service providers, including some of the world’s largest global financial institutions, online trading platforms, fund administrators, fund managers and Big Four.

TAINA’s award-winning FATCA, CRS and QI Compliance Platform delivers the highest return on investment for financial institutions by transforming their customer and investor experience, significantly reducing their risks and costs.

Team TAINA is delighted to welcome Deutsche Bank and HSBC Asset Management’s Financial Technology Venture Capital Fund to the TAINA Family as we keep pressing ahead with our mission of delivering the golden standard for FATCA, CRS and QI Compliance for the industrysaid Maria Scott, TAINA CEO. “We will deploy this fresh injection of financial and intellectual capital to add even more value to our clients, empowering them to transform their customers’ experience whilst driving down their costs and eliminating operational and audit risks.”

 

‘Investing in selected FinTech solutions will enable Deutsche Bank to improve the client experience and increase productivity by further digitalizing our front-to-bank processes. We are excited to collaborate with TAINA to support our client onboarding in the area of Tax reporting, and look forward to being part of the company’s growth path.”

Joerg Landsch, Head of Central Corporate Venture Capital, Deutsche Bank  

“We believe tax-compliance demands will intensify and TAINA’s digital solution is well placed to answer those demands. Tax reporting is complex and good digital design eases the process. This investment round will boost TAINA’s expansion, enhancing its customer footprint internationally.” said Kara Byun, Director, Venture & Growth Investments, HSBC Asset Management.

“We are incredibly proud to see TAINA welcoming HSBC and Deutsche Bank as new partners. There is no doubt that these partnerships will play a critical role in supporting TAINA in their mission to “fix” compliance and life cycle management for the financial services industry. The latest funding round proves the quality and robustness of TAINA’s solution, which, in only three years, has become market leader in its category” said Marin Cauvas, Principal at Anthemis Group.

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

www.db.com

About HSBC Asset Management

HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects clients to investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight. As of 30 September 2021, HSBC Asset Management managed assets totaling US$619bn on behalf of its clients.

www.assetmanagement.hsbc.com/uk

About Anthemis

TAINA is delighted to have our existing investor Anthemis reinvest in TAINA in this recent funding round. Anthemis cultivates change in the financial system by investing in, growing, and sustaining businesses committed to improving the world. We are founded on three guiding principles — authentic collaboration, virtuous cycle outcomes, and diversity and inclusivity — and our deep understanding of markets and models, passion for emerging technology and values inspire everything we do. By creating fertile ground for a diverse group of startups, investors, entrepreneurs, institutions, academics, and visionaries to converge, we believe we can solve the financial services world’s most pressing challenges faster, better and for the benefit of all.

www.anthemis.com.

About TAINA Technology Limited

TAINA is an award-winning regulatory technology company leveraging cutting edge technology to empower financial institutions globally to automate their FATCA, CRS and QI compliance. TAINA’s fully-automated FATCA, CRS and QI Compliance Platform is being used at scale by Big 4 and global financial institutions of all types to save costs, reduce risks and transform their customers’ experience.

TAINA, Regulatory Technology as a Competitive Advantage.

The post Top Tier Global Financial Institutions Invest In TAINA’s Latest Funding Round first appeared on PRUnderground.

Press Contact

Name: Abigail Hawthorn
Phone: 07756585725
Email: Contact Us
Website: https://www.taina.tech/

Original Press Release.

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