tax form
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%.
- Europe > United Kingdom (0.74)
- North America > United States > New York (0.08)
- Oceania > Australia (0.05)
- Europe > Switzerland (0.05)
- Banking & Finance (1.00)
- Government > Foreign Policy (0.80)
- Government > Commerce (0.80)
Tax Knowledge Graph for a Smarter and More Personalized TurboTax
Yu, Jay, McCluskey, Kevin, Mukherjee, Saikat
Most knowledge graph use cases are data-centric, focusing on representing data entities and their semantic relationships. There are no published success stories to represent large-scale complicated business logic with knowledge graph technologies. In this paper, we will share our innovative and practical approach to representing complicated U.S. and Canadian income tax compliance logic (calculations and rules) via a large-scale knowledge graph. We will cover how the Tax Knowledge Graph is constructed and automated, how it is used to calculate tax refunds, reasoned to find missing info, and navigated to explain the calculated results. The Tax Knowledge Graph has helped transform Intuit's flagship TurboTax product into a smart and personalized experience, accelerating and automating the tax preparation process while instilling confidence for millions of customers.
- North America > United States > California > San Diego County > San Diego (0.05)
- North America > United States > California > Santa Clara County > Mountain View (0.04)
- North America > Canada (0.04)
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- Law > Taxation Law (1.00)
- Government > Tax (1.00)