taina
UK AI Regtech Firm Sees Surge In US Revenues - TechRound
London RegTech firm's cutting-edge AI enables financial institutions to validate tax forms in seconds. Success in the US has led to surging revenues and workforce growth of 46% this year despite the pandemic. The UK recent concluded its fourth round of trade negotiations with the US and in an ever-changing regulatory landscape, TAINA Technology's innovative software expedites compliance, enabling businesses to validate tax forms in seconds and lower costs. For many firms, RegTech: regulatory technology, has become key to ensuring compliance across jurisdictions at reduced costs. Using machine learning, a form of artificial intelligence in which computer algorithms improve through experience, TAINA's platform cuts costs by 84% by reducing time spent validating tax forms by over 75% and tax form rejection rates by over 85%.
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