Flyingboat News

New business wins

Dec 19, 2017

As we come to the end of another year we are pleased to announce the continuing expansion of our client base across our products.

The London branch of an international bank has selected Flyingboat Tax Data Exchange to manage its CRS reporting obligations in 2018. A Jersey based international fiduciary group present across many jurisdictions around the world has standardised its FATCA and CRS reporting requirements on Flyingboat Tax Data Exchange in favour of using the limited functionality available within its current fiduciary administration package. The new Data Integration module is being configured to extract the reporting data directly from the administration system in order to ease the reporting process.

A Guernsey based fiduciary with a Swiss office has installed Flyingboat Wealth Management software to migrate from another fiduciary administration system that is no longer the primary product of its vendor.

Meanwhile we are working with a number of partner businesses in territories beyond the Channel Islands to further grow the international user base of Flyingboat Tax Data Exchange base in 2018. With 50+ new territories reporting under CRS in 2018 for the first time there remains plenty of opportunities for new partners to get involved in this opportunity.

Alan Rowe, Director at Fusion commented "2017 has been an incredible year for us and I am thankful to our team for delivering an outstanding performance which we look to build on in 2018."