AMSTERDAM and LONDON, March 18, 2025 /PRNewswire/ -- DataTracks, a global leader in regulatory reporting solutions, announces a new version of DataTracks Oxbow, its FATCA/CRS reporting software. DataTracks Oxbow is a cloud-based solution that simplifies compliance for financial institutions by streamlining report creation and improving accuracy through an intuitive user experience.
"We're excited to launch this upgrade, reinforcing our commitment to innovation and customer success," said Suresh Swaminathan, CTO of DataTracks. "With advanced technology and user-centric design, financial institutions can navigate FATCA and CRS compliance confidently and efficiently."
About DataTracks Oxbow
DataTracks Oxbow now offers a robust, secure, and intuitive system tailored to meet evolving FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) reporting requirements. It efficiently processes thousands of investors record and adapts to XML schemas across multiple jurisdictions, to support streamlined compliance.
Already feature-rich, enhancements include:
- Secure Cloud Hosting is designed with high-level data protection.
- Intuitive Report Wizard and a Redesigned Dashboard that simplify preparation, improve usability, and reduce manual effort.
- Multi-User Workflow supporting preparer and reviewer roles for secure collaboration and accountability.
- Scalability to process thousands of investor records swiftly and accurately.
- Built-In Validation with jurisdiction-specific rules (e.g., Luxembourg, Cayman Islands) to ensure compliance.
- Effortless Amendments allowing quick updates as regulations evolve.
- Multi-Jurisdiction Compatibility covering CRS XML schemas across various regulatory landscapes.
- IRS Integration enabling direct digital signing and FATCA reporting submission.
- Full Audit Trail tracking every user action to ensure transparency.
- Investor-Friendly Outputs in well-structured PDF formats for distribution.
Oxbow combines flexibility, automation, and accuracy - empowering institutions to manage complex, multi-jurisdictional reporting with confidence.
About DataTracks
DataTracks, recently recognized as a G2 Best Software winner in the Governance, Risk, and Compliance (GRC) category for 2025, has been providing compliance reporting solutions for over 20 years. In addition to Oxbow, DataTracks recently launched DataTracks Aurora, an AI-powered reporting solution for the Malaysian Business Reporting System (MBRS), reinforcing DataTracks' commitment to simplifying compliance across global regulatory frameworks.
DataTracks' full-stack solutions have supported over 30,000 clients across 25+ countries in effortlessly navigating diverse global regulatory regimes.
For more information, visit https://www.datatracks.com.
For Business Enquiries
Europe: +31 20 225 3702
Media Contact: mediarelations@datatracks.com
Disclaimer: Statements regarding product performance are based on internal assessments and client feedback. Results may vary. DataTracks is not affiliated with or endorsed by the Internal Revenue Service (IRS) or the Organisation for Economic Co-operation and Development (OECD).
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