article thumbnail

JPMorgan Chase To Buy Boston FinTech 55ip

PYMNTS

Morgan Asset Management has announced that it has agreed to acquire FinTech 55ip , which works to help financial advisors deliver tax-smart investment strategies, according to a press release. The release stated 55ip will still operate as its own separate company, but it will have the "full support" of J.P.

Boston 228
article thumbnail

Pilot Raises $60 Million To Help SMBs Modernize Finances

PYMNTS

Pilot will use the money to help boost its back-office services that remove distractions in order to help companies focus more on business, the release stated. Pilot has been working for some time to help small- to medium-sized businesses (SMBs) access the kinds of finance powers available for bigger companies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Motus Allows Mileage Reimbursements Via The Cloud

PYMNTS

Motus has grown into a $100 million business in a little more than five years by making mileage reimbursement easier for companies and their employees. Instead of the company buying you a beige car with a beige interior, they decided to reimburse you for using your personal car. It’s a win-win for everyone.”.

Taxes 122
article thumbnail

Opportunity Knocks With Door-To-Door Resurgence

PYMNTS

The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes,” said Paul Mamo, director of collection operations for the agency’s small business and self-employed division. Door-to-door sales will not work for every company or product.

Taxes 141
article thumbnail

Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. In the GTO, FinCEN began requiring U.S.

El Paso 195
article thumbnail

Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

As reported last week, new legislation has debuted on Capitol Hill that would mean companies that want to issue stablecoins would have to get bank charters and regulatory approval in place before issuing the digital currencies. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3

article thumbnail

Fed To Offer Huge Credit Help To Stem Economic Losses

PYMNTS

David Joy, chief market strategist with Ameriprise in Boston, said while he applauds the Fed for trying, it simply won’t be enough. A lot of companies are cutting estimates this morning. In a statement, the Fed said that it had to try and do this because “it has become clear that our economy will face severe disruptions.”.

St. Louis 130