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Taxwave platform-Custodian Banks Questioning & Affinities WHT - Coggle…
Taxwave platform-Custodian Banks Questioning & Affinities WHT
Trust :lock:
Information transfer and retention for Repeat transations
Motivations :smiley:
Universal process :silhouettes:
Security :warning:
Efficiency/ Savings :recycle:
Paper process :pencil2:
Blockchain- one update by a node updates all others.
Investor confidence
New ways of Working in a Post COVID-19 world :star:
Improved Investor Experience- User Journey :champagne:
'No touch' model :check:
Delays around certain processes
Compliance and regulation :red_flag:
Future Proof system for changes
'Bad Actors' & chance of Fraud :no_entry:
Money left on the table because it can be claimed back :green_cross:
'Cost to Serve'
The need for a small Pilot scheme
HMRC and others not asking questions
Banks' Know your Customer Process :question:
Open Banking principle where all parties have visibility
How are forms completed-
Distributed Ledger