The Acupay Platform Technology Approach
Acupay and its sister company, BondCom, have provided high-quality financial services based on technology for over fifteen years. While their different software products provide separate services, they are all focused on enhancing communications between issuers and investors and on securities issuance lifecycle services.
The products focus on the issuance of and investment in securities. On the one hand, there are services to support issuers with corporate actions as well as innovative and tax-compliant securities structures, including beneficial owner identification and reporting. On the other hand, Acupay provides services to investors and their custodians to support them with changes in tax rate regulations, tax rate eligibility, beneficial owner and documentation management, and cross-border income payments.
These services are powered by feeds from major central securities depositories, banks, and brokers, leveraging on the global reach and standardisation of the SWIFT network.
As Acupay develops its new generation of software products, it is focusing on a new platform approach to software development. The approach is to combine the business functionality and experience of these prior generations of software, with the functionality and capability of the new software products. As Acupay proceeds to technically integrate this broad set of technology, the functionality of the different products will be combined over time to provide even greater value.
The new products in development are being designed to cover multiple markets and, when they are combined with the existing Acupay products into one software platform, they will provide benefits to investors, asset managers, family offices, banks, and accountants. Overall, the platform will include tax relief, document management, communications with issuers and other withholding agents, and tax reporting and filing.
The platform will transform Acupay’s ability to help issuers identify and communicate with investors. Improved investor identification and communications will result in a greater response to corporate actions, stricter compliance, enhanced government reporting, and better overall relations with the investor community.
From market data, including tax rates, statutes of limitations, and documentation requirements, to form generation and management and the preparation of tax relief and compliance reporting, Acupay's ecosystem will help financial organisations and investors navigate through the complexities of cross-border tax relief for any investment type in any investment market.