BITCOIN AND CRYPTO
KuCoin | May 31, 2022
KuCoin leading global currency exchange, announced a strategic partnership with Pyth network, a cutting-edge Oracle solution developed on the Solana blockchain. Following the partnership, thePyth network will receive prices for trading pairs from KuCoin in real-time. This will bring crypto market prices on chain.
As the People‘s Exchange, KuCoin is committed to providing users with a better crypto experience while also joining forces with more organizations to bring crypto to the masses. Bringing real-world data on-chain is one of the infrastructures of the DeFi world. We look forward to building a more transparent on-chain data marketplace in the blockchain industry through Pyth network as a key partner, which will help to create a new DeFi world that is more collaborative and open and accelerates crypto to mass adoption."
Johnny Lyu, KuCoin CEO
Pyth network is a front runner in the DeFi ecosystem. The organization built one of the most reliable oracle networks that comes from price data being contributed by 60 premier crypto and finance institutions.
Consistently amongst the top five exchanges globally for all crypto trading with over 18 million users worldwide, KuCoin has clearly established itself as a leading player in the digital asset ecosystem. This market position in parallel with their ability to extract high-quality data makes them natural data provider partners for Pyth. KuCoin’s increased recent focus on DeFi and Web3 is also directly in line with the Pyth mission to support on-chain projects and protocols.”
Stephen Kaminsky, Special Projects at Jump Crypto
Znode | October 04, 2021
Znode, an enterprise B2B ecommerce platform created for the unique needs of manufacturers and distributors, today announced it has partnered with Avalara (NYSE: AVLR), a leading provider of tax compliance automation software for businesses of all sizes.
Avalara has certified Znode’s integration to support automated Value Added Tax (VAT) determination. Avalara’s AvaTax for VAT certification validates the capability within Znode to correctly provide the necessary VAT rate in an increasingly complex tax landscape.
Globally, VAT compliance is getting more difficult for businesses to manage, warranting the trend towards real-time tax automation. Partnering with Avalara helps ensure Znode customers stay on top of tax changes impacting their business.
With recent changes in the UK and the European Union (EU) VAT regimes, Znode understood the need to enhance their offering, helping reduce tax compliance risk and the probability of error through an integrated solution. Avatax for VAT brings an increased level of compliance for VAT determination and the required invoice messaging, allowing customers to be more confident in their compliance, even with complex and demanding VAT scenarios.
Greg Chapman, senior vice president of partner management at Avalara said, "Znode understands the needs of its customers, and their Znode ecommerce platform reduces complexity for their customers in many ways. We understand that digitization of business processes is not an option, it is essential; we are proud to offer fast, accurate, and easy tax compliance solutions to our shared customers."
“Znode is thrilled to be AvaTax for VAT certified,” says Rupesh Agrawal, President and CEO of Znode. “This integration further endorses Znode as a leading ecommerce platform. The partnership provides our customers with an automated method of handling more B2B and B2C VAT use cases, backed by a leading provider in this space. Together we can support our customers with VAT registration and VAT determination, as well as managing mandatory VAT returns. This is a big step forward.”
Improving operational efficiency, increasing accuracy and reducing manual steps in the VAT compliance process can only be effectively achieved through automation, and Znode is leading the way.
Znode is an enterprise, B2B ecommerce platform created for the unique needs of manufacturers and distributors. Znode’s native B2B functionality allows for easy management of customer-specific catalogs, management of multiple web storefronts, workflow approvals, complex pricing, inventory, and product types as well as quote management. The platform features an API-first architecture with over 700 API endpoints allowing for greater extensibility and easier integrations. Znode is a product of Amla Commerce. More information at znode.com.
Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Brazil, Europe, and India. More information at avalara.com.
J.P. Morgan, 55ip | December 04, 2020
J.P. Morgan Asset Management today reported that it has gone into a complete consent to procure 55ip, a financial technology company with proprietary capabilities empowering financial advisors to convey tax-smart investment strategies at scale. The company will keep on operating as a separate element, under its own image, with the full support of J.P. Morgan and stays focused on serving its current customers and enterprise partners. The details of the arrangement were not revealed.
55ip is a pioneer in automated tax technology and has provided financial advisors with a tax-smart investment technique motor for almost five years. Its natural experience and astute computerization improve portfolio plan and conveyance, sparing advisors time and helping to drive better results for financial specialists. At the core of the experience is 55ip's ActiveTax Technology®, which incorporates tax-smart advances, management (counting deliberate tax-misfortune reaping), and withdrawals. 55ip additionally helps advisors convey continuous tax-smart exchanging and tax advantage reporting to customers.
"Advisors are increasingly seeking intelligent, automated tools to provide simplicity, scale and efficiency, and by acquiring 55ip we are accelerating our significant investments in advanced advisor technology," said George Gatch, CEO of J.P. Morgan Asset Management. "This is an exciting development that signifies broad collaboration between fintech and asset managers, aimed toward improving capabilities and outcomes for advisors and their clients."
"55ip's unique application of automated tax management to the model portfolio universe has tremendous potential in today's market environment. Automating sophisticated strategies while also allowing for customization for tax and individual preferences is a differentiator and will be a key driver of success," said Jed Laskowitz, Global Head of Asset Management Solutions at J.P. Morgan Asset Management. "We are excited to work together to build a leading platform for asset managers to deliver model portfolio capabilities to financial advisors."
"55ip combines investment intelligence and modern technology to provide personalized and automated investment solutions with a focus on reducing barriers investors face," said Dr. Vinay Nair, Founder and Executive Chairman of 55ip. "Tax-related savings are first order, especially in a world with lower rates, lower returns and higher taxes. We are delighted that J.P. Morgan shares our vision to democratize sophisticated tax management." Dr. Nair will stay on as a consultant and special advisor to J.P. Morgan Asset Management.
"Joining forces with J.P. Morgan will provide greater resources for our current clients and enterprise partners, accelerate our innovation and broaden access to our solutions," added Paul Gamble, CEO of 55ip. "55ip's purpose is to break down barriers to financial progress, by finding better ways to help more people through intelligent automation. Being part of J.P. Morgan will accelerate our ability to do just that, as the industry standard tax-smart investment strategy engine."
55ip remaining parts focused on its partnerships with outsider asset supervisors, tacticians and abundance management platforms to drive model portfolio use as an important part of its general technique. The potential addressable market for asset director and outsider tactician models is as much as $3.6T*, exhibiting the craving for financial advisors to carry simplicity and scale to their practices, while conveying tax-smart management and investment results.
55ip is a financial technology company whose purpose is to break down barriers to financial progress. Financial advisors use 55ip's tax-smart investment strategy engine to improve their efficiency and effectiveness. 55ip's intuitive experience and intelligent automation elevate portfolio design and delivery, helping advisors save time and drive better outcomes for their clients. At the heart of the experience is 55ip's ActiveTax Technology®, which includes tax-smart transitions, management, and withdrawals.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 2.2 trillion (as of 30 September 2020), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity