RAQUEST and DIE SOFTWARE Objectway Group enter into strategic partnership
25th April 2022 – The withholding tax fintech RAQUEST signs a strategic partnership agreement with DIE SOFTWARE Objectway Group.
RAQUEST is the leading software for relief at source and reclaim of foreign withholding taxes and provides banks with an uncomplicated automated claiming process. As part of the partnership, the RAQUEST software will be directly linked to Objectway‘s core banking solutions OBS via a standard interface.
Every year, shareholders lose billions of euros in overpaid withholding tax to foreign tax authorities as dividends received from capital gains are subject to double taxation. Overpaid withholding tax is often not reclaimed because the process is bureaucratic and complex. The RAQUEST software offers financial institutions an easy, yet reliable way for relief at source and reclaim of withholding tax through automated digital processing. A service that both banks and shareholders significantly profit from.
Thanks to the partnership with DIE SOFTWARE Objectway Group, the withholding tax tool RAQUEST can now be directly connected to Objectway‘s core banking solutions OBS via a standard interface. This enables an end-2-end digitalized reclaim process, as data from the core banking system can be transferred directly to RAQUEST.