Connectivity made simple
Integration with the bank’s core banking system could not be easier.
A web-services interface connects the Tax Engine to core systems to ensure real-time processing of transactions and tax calculation, supporting hundreds of transactions per second, allowing you to deploy the solution with peace of mind.
The interface supports both REST and SOAP. As an an alternative to the web services interface, a batch interface is provided. This interface uses the same XML structure as the web services and provides the same operations as well.
This interface allows to:
- Add and modify clients
- Insert transactions
- Transfer in/out securities
- Cancel transactions
- Reconcile the core system and tax engine
- Retrieve positions
- Retrieve corrections
Depending on the jurisdiction, information may be required for the calculation of income and capital gains tax on securities. The open API allows integration with 3rd party data providers.