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Ecospend reveals value of Tax payments made to HMRC via Pay by Bank has increased substantially
Ecospend, a Trustly company, today confirms that more than one million customers made payments through its Pay by Bank technology to make over £3.3 billion in tax payments to HMRC since the start of 2024 – in part thanks to the Self-Assessment tax deadline on the 31st January.
Compared to January last year, the volume of these transactions has increased by 16%, while the value of transactions is 38.9% higher. This highlights the rapid adoption of Ecospend’s solution since the beginning of their work with HMRC, which marked the first time that an Open Banking payment method had been embedded within a government system.
Payments made via the Pay by Bank solution are sent directly from the tax payer’s bank account, using validated HMRC details, which increases the speed of transactions, has potential cost savings and reduces the risk of human error.
Companies In This Post
- Allvue and RSM Launch Industry-first Agentic AI Operating Model for Capital Calls Read more
- Batsheva Moshe Has Been Appointed GM Israel Market & EMEA Tech at Kaltura Read more
- Bulldog Federal Credit Union Partners with FMSI to Modernize Branch Experience Read more
- ParaScript® Partners with ABBYY to Deliver End-to-End Document Intelligence Read more
- Addepar Introduces ADX, Enabling Data Activation and AI at Scale Read more
Allvue and RSM Launch Industry-first Agentic AI Operating Model for Capital Calls
Allvue Systems, LLC (“Allvue”), a leading technology provider for the private capital markets, and RSM US LLP (“RSM”), a leading provider of assurance, tax and consulting services for the middle market, today announced a strategic alliance to launch the industry’s first-of-its-kind Agentic AI Capital Operating Model. The model will redefine how quickly and efficiently capital calls are executed and governed across private capital firms using agentic AI orchestration.
Batsheva Moshe Has Been Appointed GM Israel Market & EMEA Tech at Kaltura
Batsheva Moshe has been appointed to GM Israel market and EMEA Tech at Kaltura, the Agentic Digital Experience company. In her new role, Batsheva will lead Kaltura’s Go-To-Market operations in Israel, overseeing sales strategy, field sales, and strategic partnerships. Additionally, she will spearhead the company’s growth and expansion within the technology sector across the EMEA region.
Bulldog Federal Credit Union Partners with FMSI to Modernize Branch Experience
FMSI, a provider of branch workforce management and lobby optimization solutions for financial institutions, today announced a new partnership with Bulldog Federal Credit Union, a community-chartered credit union serving Washington County, Maryland since 1968.
ParaScript® Partners with ABBYY to Deliver End-to-End Document Intelligence
ParaScript, an AI-powered document processing company, today announced an alliance with ABBYY, combining ABBYY’s OCR and intelligent document processing (IDP) platform with ParaScript’s handwriting recognition and fraud detection capabilities to deliver a unified document intelligence solution that improves accuracy, reduces manual review and strengthens fraud prevention.
Addepar Introduces ADX, Enabling Data Activation and AI at Scale
Addepar, a global data and AI platform for investment professionals, today announced the launch of Addepar Data Exchange (ADX), a managed data environment within the Addepar platform that enables firms to unify, govern and activate their data to power investment workflows, analytics and AI at scale.
Bitget Launches Scan to Pay for Instant Payments via USDT
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Reserv Announces $125 Million Series C Financing Led by KKR to Accelerate AI-Driven Transformation of Insurance Claims
Reserv announced a $125 million Series C funding round led by KKR, with participation from existing investors
Allvue and RSM Launch Industry-first Agentic AI Operating Model for Capital Calls
Allvue Systems, LLC (“Allvue”), a leading technology provider for the private capital markets, and RSM US LLP (“RSM”), a leading provider of assurance, tax and consulting services for the middle market, today announced a strategic alliance to launch the industry’s first-of-its-kind Agentic AI Capital Operating Model. The model will redefine how quickly and efficiently capital calls are executed and governed across private capital firms using agentic AI orchestration.
Batsheva Moshe Has Been Appointed GM Israel Market & EMEA Tech at Kaltura
Batsheva Moshe has been appointed to GM Israel market and EMEA Tech at Kaltura, the Agentic Digital Experience company. In her new role, Batsheva will lead Kaltura’s Go-To-Market operations in Israel, overseeing sales strategy, field sales, and strategic partnerships. Additionally, she will spearhead the company’s growth and expansion within the technology sector across the EMEA region.
Bulldog Federal Credit Union Partners with FMSI to Modernize Branch Experience
FMSI, a provider of branch workforce management and lobby optimization solutions for financial institutions, today announced a new partnership with Bulldog Federal Credit Union, a community-chartered credit union serving Washington County, Maryland since 1968.
ParaScript® Partners with ABBYY to Deliver End-to-End Document Intelligence
ParaScript, an AI-powered document processing company, today announced an alliance with ABBYY, combining ABBYY’s OCR and intelligent document processing (IDP) platform with ParaScript’s handwriting recognition and fraud detection capabilities to deliver a unified document intelligence solution that improves accuracy, reduces manual review and strengthens fraud prevention.
Addepar Introduces ADX, Enabling Data Activation and AI at Scale
Addepar, a global data and AI platform for investment professionals, today announced the launch of Addepar Data Exchange (ADX), a managed data environment within the Addepar platform that enables firms to unify, govern and activate their data to power investment workflows, analytics and AI at scale.
Bitget Launches Scan to Pay for Instant Payments via USDT
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Sustainable Innovation and the Commercialisation of Stablecoins
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