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5 Years on From Wayfair: UK Businesses Struggle with Complex Online Sales Tax

Avalara, Inc., a leading provider of cloud-based tax compliance automation for businesses of all sizes, today released findings from a new survey* of 500 U.K. businesses revealing that online sales tax compliance remains complex and confusing for businesses to navigate as we mark the fifth anniversary of the Wayfair decision.  

Customers are paying for the cost of Wayfair complexity

Tuesday, June 13, 2023 - 14:12
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Financial IT
How Generative AI is Disrupting and Erupting Business Services
Tuesday, June 13, 2023 - 14:09
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Financial IT
Sumsub Introduces a Full-cycle Verification Platform, Stirring the Borders of KYC, KYB, AML, and Anti-fraud

Today, Sumsub transforms from a world-leading KYC provider to the future-proof platform providing full-cycle verification for the whole user journey.  With an eye on the dynamic changes impacting the global verification industry, Sumsub shifts its focus to deliver new golden standards of verification. 

Tuesday, June 13, 2023 - 14:02
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Financial IT
MyBank Unveils Plans to Extend its Reach as it Celebrates its 10th Anniversary

MyBank, the SEPA account-to-account payment solution owned and managed by PRETA, unveils plans to extend its reach to additional countries in Europe on its 10th anniversary.

PRETA is particularly eager to see the MyBank value proposition reach end-users in Spain, Portugal, Belgium and Austria, where the solution will become available by the coming summer months.

Tuesday, June 13, 2023 - 12:31
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Financial IT
Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Keytrade Bank, the first online bank in Belgium and part of Credit Mutuel Arkea, one of France’s largest banking groups, today announced the bank’s decision to select Infosys Finacle as the preferred partner for the modernisation of its core ba

Tuesday, June 13, 2023 - 12:25
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/news/core-banking/belgiums-keytrade-bank-selects-infosys-finacle-suite-core-banking-transformation
Financial IT
Biz2X Announces New Account Opening Product for Business Banking Clients

Biz2X is excited to announce its new Account Opening product. This breakthrough technology allows banking clients to quickly and efficiently open new deposit accounts, enabling faster funding for borrowers.     

Tuesday, June 13, 2023 - 11:08
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/news/digital-banking/biz2x-announces-new-account-opening-product-business-banking-clients
Financial IT
Capitola Introduces GPT Technology into its Commercial Insurance Platform

Capitola, the digital marketplace for commercial insurance that connects brokers and carriers, today announced the introduction of GPT technology into its commercial insurance platform.

Tuesday, June 13, 2023 - 11:03
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/news/insurtech/capitola-introduces-gpt-technology-its-commercial-insurance-platform
Financial IT
Changing Payment Preferences and Rising Fraud Create a Tough Operating Environment for Finance Leaders

Bottomline, a leading provider of financial technology for businesses and financial institutions globally, revealed today that finance leaders in Great Britain and the United States are facing a tough operating environment, with over 80% of businesses (82% in GB and 88% in the US) forced to accept new payment methods in the last 12 months. Financial decision-makers are also continuing to tackle a rise in fraudulent activity, as 39% of GB and 35% of US businesses experienced payments fraud over the last year.

Tuesday, June 13, 2023 - 10:55
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/news/payments/changing-payment-preferences-and-rising-fraud-create-tough-operating-environment
Financial IT
Indifi Technologies Raises $35 Mn in Series E Round

Indifi Technologies, an Indian startup offering digital lending to small and medium businesses, has raised $35 million in a new funding round led by ICICI Venture, the investment arm of ICICI Bank.

Existing investors, including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and CX Partners also participated in the all-equity Series E round for the eight-year-old startup.

Tuesday, June 13, 2023 - 10:28
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Financial IT
Digital Lending FinTech Revfin Secures $5M

Revfin, a FinTech platform specialising in digital lending for electric vehicle (EV) financing, has raised substantial investment in its latest funding round.

Tuesday, June 13, 2023 - 10:20
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Financial IT

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