The global financial services tech firm Dion Global Solutions is forming a strategic alliance with US Tax and Financial Services in order to further its Foreign Account Tax Compliance Act compliance solutions and better deal with the growing regulatory changes to US tax laws.

The global financial services tech firm [tag|Dion Global Solutions|]Dion Global Solutions[/tag] is forming a strategic alliance with US Tax and Financial Services in order to further its Foreign Account Tax Compliance Act compliance solutions and better deal with the growing regulatory changes to US tax laws.

With [tag|US Tax and Financial Services|]US Tax and Financial Services[/tag] providing fully qualified tax consultants, accountants and lawyers, Dion will deliver technical and regulatory product expertise through the new partnership. In this respect, the former’s expertise will help track future regulatory developments within the US Internal Revenue Service tax code and advise Dion on the changes required to its software in order for its users to remain fully compliant.

The move highlights how technology firms in the financial services sector have seen the [tag|FATCA|]FATCA Act[/tag], and other regulations, as a driver of technology spending by businesses seeking to control compliance costs.

“As FATCA compliance deadlines draw ever closer, firms are looking for providers to not just supply technical capabilities, but to clearly provide consulting expertise around these tax regulations,” said Colin Camp, managing director - products and strategy at Dion.

FATCA has particularly impacted those US citizens and firms that are working and based in a foreign country, As such, the two global firms have seen a growing demand from international clients who need help navigating the new regulatory challenges.  

Dion is a global technology provider to the financial services industry, with clients in 86 countries. Similarly, US Tax and Financial Services provides tax advice, guidance, planning and compliance services for anyone subjected to the US tax system through its offices in London, Zurich, Geneva and Jerusalem.