{"id":1377,"date":"2023-07-28T07:17:12","date_gmt":"2023-07-28T07:17:12","guid":{"rendered":"https:\/\/trackwizz.com\/knowledge-hub\/?p=1377"},"modified":"2023-07-28T07:21:05","modified_gmt":"2023-07-28T07:21:05","slug":"tss-consultancy-receives-authorization-from-ifsca","status":"publish","type":"post","link":"https:\/\/trackwizz.com\/knowledge-hub\/tss-consultancy-receives-authorization-from-ifsca\/","title":{"rendered":"TSS consultancy receives authorization from IFSCA"},"content":{"rendered":"

\"\"<\/p>\n

We take great pride in announcing that TSS Consultancy has been granted Authorization as a FinTech Entity (FE) to operate in the IFSC (International Financial Services Centre) at GIFT (Gujarat International Finance Tech City) which is India\u2019s first-ever IFSC.<\/p>\n

The IFSC is meant to undertake financial services transactions that are currently carried outside India by overseas financial institutions and overseas branches\/ subsidiaries of Indian financial institutions.<\/p>\n

The latest Global Financial Centres Index, London puts IFSC GIFT as one of the top 15 global financial centers to gain increasing importance in the coming years. <\/p>\n

TSS is the first RegTech company to get direct Authorization from the IFSCA to start operations as an FE (FinTech Entity) in GIFT City, Gandhinagar. The IFSCA (International Financial Services Centres Authority) has been established as a unified financial sector regulator for the development of financial products, financial services, and financial institutions.<\/p>\n

Authorization of TSS Consultancy will allow Financial Institutions in IFSC and globally to use Trackwizz Software for fighting financial crime, complying with regulations and simplifying operations.<\/p>\n

Hence, various Financial Institutions like <\/p>\n

    \n
  1. Banks<\/li>\n
  2. Insurance Companies<\/li>\n
  3. Stock Brokers<\/li>\n
  4. Depository participants<\/li>\n
  5. Alternative Investment Funds (AIF)<\/li>\n
  6. Asset \/ Wealth Managers <\/li>\n
  7. Portfolio Managers<\/li>\n
  8. Custodians <\/li>\n<\/ol>\n

    can leverage technology solution of TSS called Trackwizz for the below mentioned areas:-<\/p>\n

      \n
    1. Anti Money Laundering (AML) , Screening (Sanctions and more), Risk Rating with Enhanced Due Diligence,Transaction Monitoring ( TM ) with regulatory reporting. <\/li>\n
    2. Central KYC Registry (CKYCR) <\/li>\n
    3. Customer Onboarding <\/li>\n
    4. Insider Trading <\/li>\n
    5. FATCA CRS Reporting <\/li>\n<\/ol>\n

      We extend our gratitude to the first Chairman of IFSCA, Shri Injeti Srinivas – Chairman IFSCA for personally handing over the authorization to us at GIFT.<\/p>\n","protected":false},"excerpt":{"rendered":"

      We take great pride in announcing that TSS Consultancy has been granted Authorization as a FinTech Entity (FE) to operate in the IFSC (International Financial Services Centre) at GIFT (Gujarat International Finance Tech City) which is India\u2019s first-ever IFSC. The IFSC is meant to undertake financial services transactions that are currently carried outside India by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[67],"tags":[],"class_list":["post-1377","post","type-post","status-publish","format-standard","hentry","category-whats-happening"],"_links":{"self":[{"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/posts\/1377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/comments?post=1377"}],"version-history":[{"count":4,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/posts\/1377\/revisions"}],"predecessor-version":[{"id":1382,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/posts\/1377\/revisions\/1382"}],"wp:attachment":[{"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/media?parent=1377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/categories?post=1377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trackwizz.com\/knowledge-hub\/wp-json\/wp\/v2\/tags?post=1377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}