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Garanti Bank goes live with Naqoda’s Tax Engine

Naqoda today announced the go-live of its Tax Engine solution at Garanti Bank, Dusseldorf.

The solution provides the bank with all the compliance requirements in terms of German withholding tax (aka Abgeltungssteuer) it is required to fulfil. The solution has been fully integrated with the bank’s core banking system providing seamless end-to-end calculation and reporting facilities.

“Working with Naqoda has been an excellent experience for Garanti Bank” says Gurbuz Salman, Executive Director of Garanti Bank. “The Tax Engine software has helped us fully automating a tedious compliance process, freeing resources for more innovative tasks. Naqoda’s service is professional and prompt. They have made the whole process easy and working with them has been one of the best business decisions we have made recently.”

Erik Bogaerts, Managing Director comments: “We are delighted to have had the opportunity to implement our solution at Garanti Bank. The bank’s pragmatic spirit has made it possible, not only to deliver our software in a short time, but also to enrich our solution with real world expertise.”