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Mastering RFPs: A Proven Guide to Boosting Tax Compliance Success and Eliminating Delays
Comply Exchange’s recent webinar, “Know Your Pain: Write RFPs That Solve, Not Stall,” emphasized the critical role of a well-structured Request for Proposal (RFP) in ensuring effective tax compliance. Key points included the necessity of gathering input from diverse teams—tax, legal, product, and more—to avoid overlooking important issues. The webinar cautioned against vague language in RFPs, urging specificity in areas like customization and multilingual support. Additionally, it highlighted that software alone does not eliminate compliance liability. To enhance tax compliance, stakeholders should align early, define requirements clearly, and consider advanced compliance tools. For further insights, visit Comply Exchange.
Boosting UK Cybersecurity: Capslock’s Nationwide Training Initiative Launches
Nationwide Building Society has teamed up with Capslock to enhance cyber security in the UK through a new training program integrated into its graduate scheme. This 16-week initiative aims to equip participants, regardless of technical background, with essential skills to combat cyber threats, culminating in the Certified Cyber Security Practitioner (Ce-CSP) certification. Andrea Cullen, CEO of Capslock, emphasizes the importance of understanding cyber criminals’ mindsets. Nationwide’s Chief Security Officer, David Boda, highlights the dual benefits of enhancing organizational defenses and contributing to the UK’s cyber security workforce, fostering inclusivity and resilience against evolving threats.
Stash Secures $146M Funding to Enhance AI-Powered Money Coach for Wealth Building
Stash, a prominent U.S. FinTech platform, has raised $146 million in its oversubscribed Series H funding round, led by Goodwater Capital and supported by investors like Union Square Ventures and T. Rowe Price. The funding aims to enhance wealth-building solutions for everyday consumers. Stash, which has 1.3 million paying subscribers and manages over $4.3 billion in assets, focuses on democratizing investing through its automated financial tools and educational resources. Its new feature, Money Coach AI, has seen over 2.2 million user interactions, encouraging quick financial actions. Co-CEOs Ed Robinson and Brandon Krieg emphasized their commitment to accessible financial advice and innovation.
Hawcx Secures $3M Funding to Revolutionize Passwordless Authentication in Cybersecurity
Hawcx, a cybersecurity startup focused on passwordless authentication, has raised $3 million in a pre-seed funding round led by Engineering Capital, with support from Boldcap. This funding will help Hawcx enhance its product and expand its market presence. Founded in 2023 by Riya Shanmugam and others, Hawcx aims to address security vulnerabilities tied to traditional passwords, which are linked to 86% of data breaches. Their platform integrates easily with existing systems, simplifying user login. CEO Shanmugam highlights the urgent need for innovation in authentication, as traditional passwords become obsolete in favor of more user-friendly solutions.
Descartes Underwriting Launches $70 Million Parametric Insurance Solution for Solar Farms
Descartes Underwriting has launched a parametric insurance product to protect utility-scale solar farms in the U.S. from tornado damage, offering coverage of up to $70 million. This innovative solution addresses the growing risks of severe weather, particularly tornadoes, which threaten solar infrastructure. The policy, designed for solar farms over 10 MW, determines payouts based on the damage to the surface area and utilizes advanced technology for efficient claims processing. By leveraging satellite imagery and NOAA data, Descartes minimizes basis risk, ensuring swift claims payments and safeguarding renewable energy investments amidst climate change challenges.