BearingPoint RegTech further expands its customer base in the life insurance sector

Amsterdam/Frankfurt, February 18, 2020 – BearingPoint RegTech, a leading international provider of innovative regulatory, tax and risk technology solutions (RegTech and RiskTech), has won Swiss Life Luxembourg as a new customer for its tax reporting solution FiTAX. Swiss Life will be using FiTAX to fulfill FATCA and CRS reporting requirements in Luxembourg.

Swiss Life decided on FiTAX because of BearingPoint RegTech’s extensive experience in tax reporting and the solution’s ability to cover the global as well as the local reporting needs of the international financial group. The insurance group joins over 3,000 financial institutions worldwide that fulfill their reporting obligations with FiTAX.

We value BearingPoint RegTech’s experience and consolidated position in the market. Our decision is also based on the solution’s flexibility to ever-changing reporting requirements.

Alfredo Borgen, Compliance Officer at Swiss Life Global Solutions

We are proud to have won Swiss Life Luxembourg as a new customer for our tax reporting solution FiTAX. FiTAX is an established solution for tax reporting for banks. Swiss Life is an important milestone on our journey to further expand our customer base in the field of life insurers.

Ronald Frey, Member of the BearingPoint RegTech Management Board

FiTAX is a standardized and ready to use tax reporting solution for CRS, FATCA, QI and DAC6 reporting. The market-leading tax reporting solution covers more than 130 countries. It is continuously updated to reflect the ever-changing tax laws and tax reporting requirements, and encrypted report files can be uploaded directly to the tax authorities’ portals. In November 2019, BearingPoint RegTech received the Regulation Asia for Excellence 2019 award in the category “Outstanding Project – Tax Reporting” for a successful FiTAX implementation project at a major international bank.

About Swiss Life

As part of Swiss Life Group, a leading insurance company with 160 years of experience, Swiss Life Global Solutions provides a broad range of cross-border insurance solutions and services for wealthy individuals and international companies. Swiss Life’s purpose is to reduce complexity and create solutions in a world of constant change and thus enable our clients to live a self-determined life.

Press contact BearingPoint RegTech
Sandra Hering
Head of RegTech Marketing & Communications
E-mail: sandra.hering@bearingpoint.com