G2 FinTech, provider of tax analysis and regulatory compliance software for the investment management community, has today announced that it was recognized as a finalist in the FTF News Technology Innovation Awards 2012. G2 FinTech was one of five finalists in the “Most Notable Regulation & Compliance Initiative” category, which included other major players in the space. The company was acknowledged for the role that its flagship product, TaxGopher, plays in helping firms comply with newly effective cost basis reporting regulations.
G2 FinTech’s TaxGopher was acknowledged for providing significant offerings that assist clients in meeting their critical compliance and regulatory responsibilities. TaxGopher is a powerful and comprehensive tax-analysis engine that provides accurate information on a firm’s taxable gains and losses. By analyzing complex taxable events, such as wash sales, TaxGopher helps firms in the alternative investment community comply with the new cost basis reporting rules born out of the Emergency Economic Stabilization Act of 2008.
G2 FinTech was nominated for the FTF News Technology Innovation Awards in early January by the publication’s subscribers and selected by the FTF News editorial panel to appear on the short-list of nominees. Qualified registered subscribers voted for finalists in each of the fifteen categories in February. FTF News is an online newsletter focused on securities trading and operations, offering readers an interactive and global community that provides news, analyses, editorial content and industry research.
George Michaels, CEO, G2 FinTech, said, “I am proud to announce that G2 FinTech was a finalist for the FTF News Technology Innovation Awards. We have worked very hard to create and fine-tune TaxGopher in order to help our clients meet their compliance requirements. It’s gratifying to receive this level of recognition from such an influential outlet in our space.”
Maureen Lowe, Founder, President and Editor-in-Chief of FTF News, said, “We would like to congratulate G2 FinTech on its accomplishments in the regulatory and compliance space. In our second year of conducting this awards process, we have found that the functional criteria have become much more demanding. A lot of careful thought and hard effort go into the nomination and voting process.”