Commercial banking

Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.

In the age of AI, the professionals who will excel are those who invest as much in empathy, communication and critical thinking as they do in technical skills.

Adam Tahir, CPA, is a strategist at Bizora, an AI-powered tax research and compliance platform built specifically for CPAs and tax professionals.

Katerina Brahy is vice president of product and engagement at Maps Credit Union, a member-owned financial cooperative based in Oregon. She is currently researching how "relational risk" shapes loyalty, decision-making and long-term relevance in financial systems.

Grant Thornton Advisors is adding firms in Switzerland/Liechtenstein and the Channel Islands to its multinational platform.

Senate Republicans plan to modify the massive fiscal package to lower maximum deductions for state and local taxes and limit the impact of a "revenge" tax.

Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.

Private universities with at least 500 students that have endowments of $2 million per pupil or more would pay an excise tax of 8% under the new bill.

The prospect of prolonged talks with holdouts threatens Senate Majority Leader John Thune's goal of passing President Trump's tax-cut legislation by July 4.

Kevin C. Gillen holds positions as both a senior research fellow with the Lindy Institute for Urban Innovation and an adjunct professor of finance at Drexel University. His research is concentrated on applied work in the analysis of real estate developments and operation of real estate markets, including their fiscal, economic and financial implications. He holds a doctorate in economics.