About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Deutsche Bank Indonesia Teams with Xceptor to Automate Tax Processes for Post-Trade Settlement

Subscribe to our newsletter

Deutsche Bank Corporate Bank has adopted an automated workflow platform for the administration of capital gains withholding tax during the post-trade settlement process in Indonesia. The platform, based on the Xceptor Tax Solution, is aimed at streamlining manual processes and reducing the time to calculate withholding tax amounts down to seconds.

Deutsche Bank will also utilize APIs to send real-time settlement details to the Xceptor Tax Solution. In addition, the solution will electronically manage the documentation process. The project was initiated in February 2020, when Deutsche Bank announced its partnership with Xceptor to automate the bank’s core processes in Indonesia, as part of its broader optimisation and digitisation strategy. The Xceptor Tax Solution delivers end-to-end processing capabilities for Operational Withholding Tax. The solution comprises of five major components covering the main back-office processes in a custody tax operation.

According to Anand Rengarajan, Managing Director, Global Head of Sales and Head of Asia Pacific – Securities Services, at Deutsche Bank, “Our continued efforts to execute on the bank’s global optimization and digital strategy within our Securities Services business are of critical importance. Product enhancements such as the automation of tax processes, which we will look to replicate in other markets, directly benefit our foreign institutional clients such as global custodians, sovereign wealth funds and asset managers by providing faster turnaround times and improved accuracy.”

With tax authorities globally elevating the level of scrutiny around withholding tax as they seek to plug the holes in their governments’ finances caused by the Covid-19 pandemic, financial intermediaries are struggling to deal with the complexity of different jurisdictions’ requirements, which can impede efficient and scalable handling of clients’ tax relief and reclaim requests. At the same time, investment firms are keen to address the historic lack of accuracy around tax withholding, which often leads to overcompensation, which in turn can reduce the amount of capital available for investment activities. Additionally, the penalties for error can be significant.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best approaches for trade and transaction reporting

11 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a...

BLOG

ESMA Post-Refit Data Quality Report 2024 (EMIR-SFTR-MiFIR) Improvements and Ongoing Challenges for 2025

The European Securities and Markets Authority (ESMA) recently published its fifth annual report on the Quality and Use of Data for 2024 (the Report), reflecting significant progress in the regulatory community’s approach to data management and utilization. This comprehensive assessment is pivotal as it outlines both the advancements made in the quality of regulatory data...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

MiFID II Handbook – Second Edition

With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...