Brian Drozdowicz, manager of customer acquisition and growth solutions at Bottomline Technologies, explained to Finance Magnates that “since the PPP program is so new and unique, most lenders did not have a purpose-built solution in place and standing up a new digital experience can take months to enable. This an opportunity for their fintech partners can come in to help.”
PORTSMOUTH, NH - Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced an initiative to help the nation’s banks provide assistance and relief to small businesses adversely affected by the COVID-19 pandemic. Bottomline will provide banks with a simplified SBA loan application platform to originate online loan applications under the “Paycheck Protection Program.” Bottomline is making this platform available to any bank at no cost.
A slew of fintechs are selling software solutions to lenders grappling with the influx of applications for emergency small-business loans. American Banker highlights those providers including Bottomline Technologies.
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