Fatca Meets Metadata

steve-young-citisoft

The use of metadata to store and access descriptions of business transactions and business knowledge could prove beneficial to complying with the US Foreign Account Tax Compliance Act (Fatca). By joining sets of data in a metadata repository, firms can understand how a specific data attribute flows through business processes.

Such a metadata repository can serve as a strategic framework supporting Fatca compliance, with long-term benefits. Most organizations have much of the data required by Fat

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