Label offers a cloud‑based platform that automates FATCA and CRS reporting for banks, wealth managers, and other financial service providers. The SaaS solution uses AI to validate client data, generate real‑time compliance dashboards and reports, while a fixed‑fee Full Service tier handles end‑to‑end data processing and filing on behalf of clients.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and service providers must comply with complex FATCA and CRS reporting requirements, which involve extensive data collection, validation, and annual submissions to tax authorities. Manual processes are time‑consuming, error‑prone, and expose firms to regulatory penalties and reputational risk.
Solution
Label provides a cloud‑based compliance platform that automates the end‑to‑end FATCA and CRS reporting workflow. The SaaS tier offers a user‑friendly interface where clients can upload client data, run AI‑driven validation, and generate the required reports in real time. For organizations that prefer a hands‑off approach, the Full Service tier delivers fixed‑fee, outsourced compliance management, handling data verification, classification, and report filing on the client’s behalf. The platform continuously monitors regulatory changes to keep reporting criteria up to date, reducing the need for internal expertise and minimizing compliance costs.
Target Audience
Primary customers are banks, wealth managers, and other financial service providers that must meet FATCA and CRS obligations for their client base.
Features
- AI‑powered data validation and investor verification to ensure accurate classification under FATCA and CRS rules
- Automated annual review workflow that re‑assesses client data and updates classifications each year
- Real‑time monitoring dashboard showing compliance status, pending actions, and upcoming filing deadlines
- Fixed‑fee outsourcing option that covers full data processing, report generation, and submission to tax authorities
- Secure, cloud‑hosted environment with encryption for data at rest and in transit
- Integration-friendly API for importing client data from existing CRM or KYC systems