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Virgin Money, Redspire Team On Business Banking

PYMNTS

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. Virgin Money is currently transforming its existing system for business current accounts into a new form, a "wellness tracker" for SMBs.

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Renewable energy tax credits: Geothermal, solar, biomass, wind power, and more

ThomsonReuters

By allowing taxpayers to subtract a certain percentage of their qualified expenditures on renewable energy systems from their federal income taxes, renewable energy tax credits result in a reduction of tax liability, thus making sustainable choices more financially appealing to individuals and businesses.

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Video-Based KYC Fixes Its Gaze On Fraudsters

PYMNTS

Onboarding corporate customers for business accounts, for example, can take even as long as one month, and these lengthy waits are quite costly for large FIs, amounting to more than $500 million annually spent on due diligence,” the Tracker adds. That’s expected to cost banks an $168.9 Timing Is Everything.

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Today In B2B: Virgin Money Chooses Biz Banking Partner, Iceland Debuts Instant Payments

PYMNTS

Glasgow-based bank Virgin Money has partnered with Redspire , a local FinTech, to help boost its presence in the business account market, according to a report from Daily Business Group. Virgin Money is currently transforming its existing system for business current accounts into a new form, a "wellness tracker" for SMBs.

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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Onboarding corporate customers for business accounts, for example, can take even as long as one month, and these lengthy waits are quite costly for large FIs, amounting to more than $500 million annually spent on due diligence. million by 2025. However, cutting corners on these processes also comes at a price, with up to $3.9

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

billion in value by 2025. Many card-based solutions have recently debuted, aimed at helping businesses to more easily track expenses, and gain insights into how company funds are spent in the field. One such solution was released by ScaleFactor , a provider of business accounting services. Inside The Playbook.

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6 Trends That Are Shaping the Future of Tax and Accounting

Accounting Insight

Gartner predicts that by 2025, the 10% of enterprises that adopt AI practices will experience as much as 3x more value than the remaining 90% of companies that don’t codify their approach to AI. Artificial Intelligence (AI), Robotic Process Automation (RPA) and quantum computing will drive efficiency and smarter ways of working.

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