Digital Payments Fintech News

New York City Department of Finance Extends Exela’s Partnership with New York State Industries for the Disabled for Tax Processing

New York City Department of Finance Extends Exela’s Partnership with New York State Industries

Exela Technologies, a global business automation leader, announced it has extended its partnership with the New York City Department of Finance and the New York State Industries for the Disabled (NYSID). Exela will provide services for tax returns.

For more than twenty years, Exela has been providing innovative, robust and cost-effective solutions to federal and state departments of revenue. Some services include tax return processing, e-services, payment processing, tax data analytics and customer support services.

Latest Fintech News: Hub International Builds Employee Benefits Capabilities With Acquisition of the Assets of JP Griffin Companies

Exela has provided solutions in partnership with NYSID and the award will extend this relationship to over a decade.

PREDICTIONS SERIES BANNER

“NYSID provides a great public service and we are honored to support their mission,” said Suresh Yannamani, President of Exela. “Our technologies and services support public sectors across many countries we serve and we look forward to doing our part to support public service.”

Latest Fintech News: Kraken Ventures Raises $65 Million for Early Stage Fund to Invest Across the Crypto & Fintech Ecosystem

The extension by the New York City Department of Finance is one example of Exela’s critical supply chain infrastructure across the globe. We have over 800 vehicles supporting public sector agencies across the markets we serve. Below are some highlights from the US and Europe.

  • In the United States, Exela serves around 200 million insured individuals, the top 5 healthcare payers, ~20 million veterans, the top 10 banks, IRS payments and Departments of Revenue, to name a few.
  • In Germany, Exela’s technology is used to enable online banking for 63 million customers.
  • Exela enables almost all check payments and presentment for UK’s population of 67 million.
  • In Sweden, Exela is the sole processor of all bank giros for 7 million individuals and 500,000 companies.
  • In Norway, Exela processes 100% of giros.
  • In Ireland, Exela processes 85% of all check payments.

Overall, this renewal is a part of Exela’s broader strategy to drive technology and best practices to public sector agencies around the globe.

Latest Fintech News: HSBC And IBM Successfully Design And Test Interoperable Multi-Ledger CBDC And Foreign Exchange Settlement Capability

 [To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Cambridge Savings Bank Extends Financing Package to Support the Next Evolution of Growth for Fulfillment America

Fintech News Desk

Colonnade BridgePort Brings on Andrew Blair to Lead Private Equity Investment and Fund Management

Fintech News Desk

Ten Digital Payment Apps That Can Come in Handy During the Covid-19 Pandemic

Fintech News Desk
1