NEW YORK--(BUSINESS WIRE)--april (April Tax Solutions Inc.), the first AI-powered tax filing product built to be embedded in existing financial apps, announced its 2023 filing season customer impact results, showcasing substantial time savings, convenience, and maximized refunds for filers through a self-guided process. april partnered with over 20 financial services, fintech, and payroll companies including Gusto, Dayforce Wallet, Rain, and Zenledger to extend availability of its filing product to millions of customers this season nationwide. april’s AI-driven personalized filing flow enables individuals to independently file their taxes conveniently from an app they already use - 47% of taxpayers completed filing their taxes in under an hour, the average time to complete a return was just 43 minutes, with a 58 Net Promoter Score. This tax season, april served hundreds of thousands of taxpayers and processed over tens of millions in refunds. About 95% of april users filed for free: unlike the existing players in the DIY tax software space, april worked with partners to commit to a flat fee or a 100% free filing pricing structure for all users - eliminating unexpected cost implications arising from tax situation complexity

Over the last decade, Fintech has undergone a significant transformation and period of growth, marked by the digitization and democratization of access to financial services to more Americans. To gain insights into what the future holds, we spoke with Ben Borodach, the co-founder and CEO of april, an AI-powered tax fintech company.As we look ahead, the industry is poised for a shift towards consolidation, achieved through mergers and partnerships. This consolidation can benefit customers by potentially offering a more unified view and streamlined management of their financial landscape.Achieving this synergy demands a novel kind of collaboration, where traditional banks’ reliability and trust merge with the innovation and user-centricity of fintech companies. This blend is set to bridge service gaps and enhance the overall banking experience – as a result, we can expect customers to potentially benefit from a comprehensive suite of integrated financial services at their fingertips, tailored to meet their needs with unparalleled precision and efficiency.Ben Borodach brings to the table a rich background in financial services, cybersecurity, and technology. His experience includes providing strategic advice to some of the largest banks and insurance companies in the U.S., equipping him with a profound understanding and a forward-looking view on the convergence of traditional finance and fintech innovations.Our conversation with Ben is shared below.Crowdfund Insider: The role banks play in the lives of their consumers has shifted over the past few years. What is it that consumers have come to expect?Ben Borodach: The banking relationship has historically been quite personal – in the past, those relationships were built in person at the branch

TEL AVIV, Israel NEW YORK--(BUSINESS WIRE)--Team8, a leading global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors, released a new report on the future of fintech, titled “2030 and Beyond: An Unconventional Look at the Future of Fintech.”. Prompted by the rise of genAI and other emerging technologies and trends, the report creates a roadmap for the future of fintech asking three main questions: What Won’t Change? What (Likely) Will Change? And What Could Change Everything?. The report was created by Team8’s fintech leadership team composed of experienced founders and executives at companies such as Mastercard, Bank Leumi, eToro, PayPal, and JPMorgan. In addition to outlining the 2030 vision of these industry leaders, the report features exclusive commentary and case studies from Team8 portfolio companies such as april, 40Seas, Ballerine and, Wisor, as well as key insights from other market leaders including Airwallex, Atomic, Cross River, NEXT Insurance, Orum, Panax and Unit