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Capital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature

Bank Innovation

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Training 170
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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122
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SPACs Now Eyeing Asia For Merger Deals

PYMNTS

SPACs generally operate by raising money through an IPO and then entering into a business combination with a company with existing operations, often through a reverse merger. About 85 percent of SPACs are based in North America, with 5 percent in Asia. Funds that have expertise in both companies operating in Asia and how U.S.

Capital 198
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Investing in America: 7 Strategies and 7 Tactics That Can Drive Business

South State Correspondent

The Biden Administration “Investing in America” agenda continues with many programs opening in June of this year. Background The Investing in America agenda comprises the American Rescue Plan, Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act.

America 195
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The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

PYMNTS

But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. This week’s B2B Data Digest is all about small businesses in America, their financial hurdles and their outlook for the future.

Taxes 144
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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

PYMNTS

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc.

Payments 178
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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. There is certainly some interest coming out of Latin America, there’s a lot of unrest in other parts of the world.”. percent rate.

Bitcoin 116