Kabbage Processed 129,000 SBA PPP Loan Applications For Nearly $4 Billion
#Kabbage, the Atlanta-based small business lending #fintech, was the fourth largest processor of SBA payroll support loans (PPP).
Financial Technology
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Chicago Fintech Links Lender Web Sites To Provide Vetted Help For Borrowers
Loan collection agents at BMO Harris Bank have a new tool for helping people who have fallen behind on their payments — a link from the bank’s web site to a carefully #vetted list of nearby nonprofits and government agencies that can #provide #help such as heating assistance, discounted prescription…
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More Data, More Digitalization Creates More Cyber Risks
Corvus Insurance Holdings offers #cyber risk insurance that relies on advanced #technology to underwrite coverage for companies with up to $ 2 billion in annual revenues.
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Banks Avoid Fintechs At Their Peril —Leaders Learn How To Collaborate
“The harsh reality is that #FinTechs have moved ‘from disruption to reality,’ and #banks that haven’t embraced effective collaboration with startups are struggling to retain and acquire new customers.”
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Financial Inclusion Helps Refugees Move From Aid Recipients To Earners, And Tax-Payers
Village Capital sees #refugees as an opportunity for host countries to use #financial services apps to convert the involuntary exiles #from a problem to a valuable national resources.
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Fed Relief Funding Relies On Old Payment Technology
Real-time payments as opposed to the several day time lag often experienced with ACH, are not a mystery to consumers who can use Zelle, Venmo, Mastercard Send and Visa Direct.
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Software Fills In For India-Based Compliance Teams In COVID Lockdown
With India on a severe #lockdown, #banks that had outsourced a lot of their #compliance work to India find it can’t be done — the staff can’t go into the office and often the internet is too weak to support work from home.
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Distributing COVID Trillions To Individuals And Businesses Requires Diligence, And Speed
The government #COVID-19 financial aid programs may offer some big opportunities for #fintech firms. Not everyone is impressed by these governmental schemes or the #banks‘ ability to deliver funds.
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Symphony Offers Zoom-Like Information Sharing, But With Top-Level Security
#Symphony, a collaboration platform for financial services, plans to launch a fully end-to-end encrypted platform with recording that can support multi-person meetings in June.
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SBA PPP Loans At Atlantic Union — 13 Days, 6,500 SBA-Approved Applications, $1.4 Billion To SMEs
By the time the SBA money ran out, #Atlantic #Union had obtained $ 1.4 #billion for 6,500 business customers.
Financial Technology
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