Articles with tag: tax

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UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

08 Oct 2020 | Digital Identity, Security & Online Fraud

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

India makes GST e-invoicing mandatory from October 2020

28 Sep 2020 | E-invoicing, SCF & E-procurement

The India-based government has announced plans to make GST e-invoicing mandatory for companies starting 1 October 2020.

India, GST, e-invoicing, mandatory, small businesses, Goods and Servies Tax Council, standardisation, interoperability, auto-population, invoice details, GST return, e-way bill

Pro Payments, BigCommerce, Intuit QuickBooks help merchants to efficiently sync online payments

09 Sep 2020 | Online Payments

Pro Payments has announced that its platform takes advantage of the new integration between BigCommerce and QuickBooks.

Pro Payments, BigCommerce, QuickBooks, merchant, payment gateways, Authorize.net, Apple Pay, Amazon Pay, Adyen, Chase Payments, Elavon, NMI, Square, Stripe, PayPal, taxes, refunds, discounts, shipping, QuickBooks Online, QuickBooks Payments, Cash Discount Program, credit card, processing fees

Billtrust introduces automated tax-exemption certificate management solution

20 Aug 2020 | E-invoicing, SCF & E-procurement

Billtrust has integrated Avalara’s CertCapture software into its platform to enhance its B2B order-to-cash suite.

Billtrust, automation, tax exemption, tax exemption certificate management, solution, B2B payments, order-to-cash, Avalara, CertCapture, software, transactions, tax exempt, sales tax exemption, customer experience, treasury, credit, ecommerce, audit

Fractal, untied to use Pool E money from BCR Capabilities and Innovation fund

19 Aug 2020 | Payments General

SMART (SMEs Manage Accounts Receivables and Tax) solution from Fractal and untied has won GBP 2.5 million Pool E bid for the Banking Competition Remedies (BCR) Capability and Innovation fund.

SMART, accounting, SMEs Manage Accounts Receivables and Tax, Fractal, united, Banking Competition Remedies, banking fintech, SMEs, tax, accounting, mobile app

US-based remote working fintech Deel launches in Europe

13 Aug 2020 | E-invoicing, SCF & E-procurement

Fintech startup Deel has launched in Europe in hopes to streamline the work from home process through its online platform.

US, Europe, remote working, fintech, Deel, work from home, online platform, remote workers, currencies, legal fees, due diligence, local law, tax system, international payroll process, WeTransfer

Singapore's IRAS taps DBS for payment digitalisation

06 Aug 2020 | Online Payments

Inland Revenue Authority of Singapore (IRAS), a government authority in charge of tax collection, has collaborated with DBS to digitalise payments.


DBS, Inland Revenue Authority of Singapore, IRAS, SingPass/CorpPass, Singapore, Southeast Asia, Asia, APAC, PayNow QR, QR payments, mobile payments, APIs, MyTax portal, online payments

TaxScouts secures GBP 5 mln funding to expand to Europe

05 Aug 2020 | E-invoicing, SCF & E-procurement

UK-based tax preparation startup TaxScouts has raised GBP 5 million in Series A funding for European expansion.

TaxScouts, funding, Europe, Octopus Ventures, SpeedInvest, Seedcamp, Finch Capital, Clocktower Technology Ventures, tax filing, Spain, UK, tax system, web app, invoices

Former Malaysian PM charged with money laundering, abuse of power

28 Jul 2020 | Digital Identity, Security & Online Fraud

Former Malaysian PM Najib Razak has been found guilty of all seven charges in the first of several multi-million-dollar corruption trials, according to BBC.

money laundering, corruption, power abuse, tax evasion, illegal funding, Malaysia, banking, PM, Najib Razak

South Korea-based digital asset investors to pay 20% in taxes from crypto trading

15 Jul 2020 | Cryptocurrencies

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. 

South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator

UMB Institutional Banking offers Banking as a Service solutions to fintechs

14 Jul 2020 | Payments General

UMB Bank, a subsidiary of UMB Financial Corporation, has advanced its phased approach to being a ‘one-stop shop’ of Banking as a Service (BaaS) offerings for banks and fintechs.

check services, debit card, ACH, wires, statements, tax documents, remote deposit, bill pay, BaaS, UMB Bank

DBS inks payment services deal with ComfortDelGro Taxi

29 Jun 2020 | Payments General

DBS has forged a strategic partnership with ComfortDelGro Taxi to upgrade payment services for their customers in Singapore.

DBS, payment, ComfortDelGro Taxi, transactions

Khan Bank taps DataStax' technology

23 Jun 2020 | Online & Mobile Banking

Mongolia-based Khan Bank has partnered with US data management company DataStax to deliver and carry out digital services across the bank’s operations. 

Khan Bank, Apache Cassandra, Mongolia, US, data, DataStax, digital, banks, IT, retail, banking

India Factoring goes live on MonetaGo's blockchain-based solution

22 Jun 2020 | E-invoicing, SCF & E-procurement

India Factoring and Finance Solutions, a non-bank finance factoring companies in India, has gone live with MonetaGo’s blockchain-based invoice fraud prevention solution. 

India, India Factoring, MonetaGo, blockchain, invoice, fraud, eWay Bills, India’s Goods and Services Tax Network, GSTN

OBIE launches online app store amid COVID-19

09 Jun 2020 | Online & Mobile Banking

The Open Banking Implementation Entity (OBIE) has announced the launch of an online app store to assist customers with finding open banking-enabled financial products. 

OBIE, CMA, open banking, COVID-19, Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group, Santander, app store, financial products, budgeting, accountancy & tax, payments, borrowing, debt advice, financial safeguarding, The Power of Network, Ecosystem Infographic, TPP Events

Integrated Transport Centre offers online payment in all taxis in Abu Dhabi

02 Jun 2020 | Mobile Payments

The Integrated Transport Centre has announced that online payments options are now available for individuals utilising taxis operating in Abu Dhabi.

Department of Municipalities and Transport in Abu Dhabi, ITC, United Arab Emirates, online payments, mobile payments, QR payments, taxi,

Sovcombank launches loan application service based on digital profile

01 Jun 2020 | Payments General

Sovcombank has become one of the first Russian banks to get connected to the ‘Digital Profile’ to allow loan applications, according to the official press release.

Sovcombank, loans, banking, digital profile, Federal Tax Service, Federal Service for State Registration, Ministry of the Interior, Pension Fund, Russia, financial services

SunTec, AWS to offer cloud-native applications to clients

27 May 2020 | E-invoicing, SCF & E-procurement

SunTec, a provider of revenue and billing management solutions, has announced that it is working with Amazon Web Services (AWS) to offer Xelerate platform and products on AWS Cloud.

Xelerate, cloud, monetisation, pricing, billing, product, loyalty, deal, offer, partner monetisation, tax management processes, AWS,

UK-based fintech ANNA secures USD 21 mln for SMB-focused app

14 May 2020 | Payments General

ANNA, a UK-based fintech aimed at SMBs and freelancers, has secured a USD 21 mln investment from a single investor, the ABHH Group.

ANNA, fintech, SMB, freelancer, investment, ABHH Group, fundraising, covid-19, commercial activity, payments, invoicing, accounting, managing taxes, chat interface, automation, invoice tracking

Countingup fintech secures GDP 4 mln from ING

07 May 2020 | Online & Mobile Banking

UK-based financial platform Countingup has raised GDP 4 million from ING to accelerate banking and accounting for small businesses.

Countingup, ING, banking, small businesses, Accountant Hub, SME, HMRC, Making Tax Digital, MTD