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Overview

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Overview

Classification Catalyst helps you determine an entity's status for FATCA and CRS reporting in seconds.

Pulling information from our Orbis database of 280 million private companies around the world, it uses a decision-tree computation to determine where that entity fits into your regulatory reporting requirements.

This addresses two key challenges faced by compliance officers in banks and financial institutions:

  • Over-reliance on client outreach
  • The unreliability and lack of publicly available information

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How it works

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How it works

Classification Catalyst is simple to use but very powerful. Enter an entity:

Classification Catalyst engine diagram

Classification Catalyst then tells you whether you need to report on that entity, and if you do, which of these categories it falls into:

  • Financial institutions
  • Active non-financial entities (NFEs)
  • Passive NFEs

The summary page includes:

  • “Class scores” for FATCA and CRS, along with reasons and confidence levels for both
  • Extra general information on the entity so you can check it’s the right one
  • A range of identification numbers
  • Industry information, such as NACE and SIC codes, status and description
  • Financial ratio values
  • Information on the entity’s global ultimate owner (GUO)

Classification Catalyst:

  • Is customisable
  • Is supported by a wealth of data
  • Includes an audit trail
  • Allows batch uploads of your clients through a user-friendly dashboard
  • Will save you time by hugely simplifying this stage of your reporting process