In a move to alleviate the tax burden on full-time hourly employees, Alabama has implemented a temporary modification to its tax code. This modification exempts the amount received by such employees for work performed in excess of 40 hours in a workweek from state tax. This article provides an in-depth examination of the tax exemption, its reporting requirements, eligibility criteria,
In a pioneering move, OCBC, the Singapore-based bank, is gearing up to launch a cutting-edge AI chatbot that will revolutionize the way its global workforce operates. This generative artificial intelligence chatbot, known as OCBC ChatGPT, is set to assist the bank’s 30,000 employees worldwide in writing, research, and ideation, significantly streamlining their daily tasks and freeing up time for more
The fintech industry has experienced tremendous growth in recent years, revolutionizing the way financial services are accessed and delivered. However, amid this rapid expansion, regulatory compliance and customer onboarding have become critical considerations. This article explores notable developments across various fintech sectors, including regulatory concerns for Modulr, Goldman Sachs and Apple’s high-yield savings account, Stash’s fundraising success, Revolut’s simplified user
The insurtech sector has witnessed an unprecedented surge in investment, with a staggering $7.9 billion (€7,000 million at the exchange rate) pouring into this innovative domain in 2022 alone. Despite a slight decrease compared to the previous year, these figures represent the second-best data ever recorded, underscoring the remarkable growth and potential of this industry. Comparison to previous years Amidst
In today’s fast-paced and ever-evolving digital landscape, the FinTech industry is constantly seeking innovative ways to enhance the value it delivers to its end customers. Solitics, the creator of a pioneering AI-based platform specializing in Visitor Activation and Customer Retention, is at the forefront of this transformative movement. By harnessing the power of artificial intelligence, Solitics is revolutionizing the way
Flanks, a Barcelona-based wealth management platform, has successfully secured $8 million in a Series A funding round led by Earlybird Venture Capital. This significant investment will propel Flanks towards further innovation in the wealth management industry, enabling enhanced client-advisor interactions and streamlined investment decision-making processes. Flanks’ single API for aggregated wealth data Flanks offers a pioneering solution – a single
DataBank, a leading provider of data center solutions, is set to expand its data center outside Salt Lake City, Utah. The expansion project aims to meet the increasing demand for computing resources in one of the fastest-growing technology hubs in the country. With its SL6 colocation facility already offering substantial raised floor space and critical power, the planned expansion will
Payroll Growth Partners (PGP) has announced the launch of their groundbreaking payroll app, WageLink. This innovative app has been specifically designed to deliver a wide range of modern payroll services to employees who are serviced by payroll companies in PGP’s expansive portfolio. With WageLink, PGP aims to revolutionize the way employees manage their finances and access their wages. Features of
Vyzer, the innovative digital wealth management platform, is pleased to announce the successful completion of its seed round funding of $6.3 million. This significant investment has been secured from leading venture capital firms, angel investors, and family offices, which further validates the platform’s potential in the market. By utilizing AI technology, Vyzer differentiates itself by converting data into effective wealth-building
Opsera, a leading Unified DevOps platform utilized by top Fortune 500 companies, has announced the successful closure of a Series A Plus funding round, securing $12 million. This funding round aims to support the development and implementation of Hummingbird AI, a generative AI initiative, and accelerate the overall growth of Opsera in the market. With the introduction of Hummingbird AI,
Lopay, a leading player in the financial technology (FinTech) industry, has recently announced that it has successfully secured £6 million in funding. With this substantial investment, Lopay aims to revolutionize the instant payments market and provide much-needed support to small and medium enterprises (SMEs). By facilitating instant card payments at significantly lower costs than traditional corporate payment providers, Lopay plans
India-based insurtech firm InsuranceDekho recently secured $60 million in Series B funding, a combination of equity and debt capital. This funding round aims to propel the company’s growth and expand its market presence. Led by Eurazeo, Mitsubishi UFJ Financial Group, and Beams Fintech Fund, this investment comes as InsuranceDekho seeks to supercharge its operations and revolutionize the insurance sector in
