Digital withholding tax reclaims: RAQUEST’s STTI Gateway, a fintech solution for digital withholding tax, makes it possible. BNP Paribas’ Securities Services business is now also using this solution. BNP Paribas’ Securities Services business and RAQUEST announce their partnership for the filing of digitalized withholding tax refunds to Tax Authorities.
Key technology from RAQUEST
With RAQUEST’s specialized end-to-end technology for digital submission of tax refunds to Tax Authorities, BNP Paribas’ Securities Services business can now offer its customers a fully automated, secure, and efficient refund process. At the heart of the solution is the STTI Gateway, a modular interface that integrates seamlessly into BNP Paribas’ Securities Services business’ tax processing platform.
This architecture enables BNP Paribas’ Securities Services business to digitally transmit applications to the European Tax Authorities that have digitalized their tax refunds. This is a forward-looking move in view of the upcoming EU FASTER Directive, which includes provisions for a further digitalization of withholding tax refunds.
“The combination of BNP Paribas long-standing expertise in withholding tax processing and our modular STTI technology creates a powerful and future-proof service for BNP Paribas’ Securities Services business’ customers”, says Alexander Prader, Account Manager at RAQUEST.
“We strongly believe in the digitalization of tax processes, including our interactions with tax authorities, to automate the exchange of tax information and make it more secure. By integrating STTI, we further standardize and digitalize our tax services in light of the upcoming implementation of the EU FASTER Directive in 2030”, says Mariangela Fumagalli, Head of Asset Servicing Product and Custody Regulatory Solutions, Securities Services, BNP Paribas.
BNP Paribas’ Securities Services business is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, its custody network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities worldwide. As a pillar of BNP Paribas’ diversified banking model, Securities Services provides asset servicing solutions that are closely integrated with the first-class services of the Group’s other business lines, in particular those of Global Banking and Global Markets.
As of 30 June 2025, Securities Services had USD 17.5 trillion in assets under custody, USD 3.3 trillion in assets under administration and 9,481 funds administered.
For more information, visit securities.cib.bnpparibas
RAQUEST is a leading fintech company specializing in withholding tax management for financial institutions. As part of the Halvotec Group, RAQUEST has been providing innovative software solutions for the efficient processing of withholding taxes for over 15 years. RAQUEST enables financial institutions to meet regulatory requirements, increase efficiency, and reduce costs while maximizing investor returns. The modular B2B software supports all common tax relief procedures and has established itself as the market leader in withholding tax processing with a customer portfolio of renowned financial institutions.
For more information, visit raquest.tax
