
Fintechs help banks manage deluge of emergency small-business loans
Within days of enactment of the federal Paycheck Protection Program, online lenders, core-system providers and software companies churned out platforms and portals — often built on existing technology — that allow banks to accept applications under the relief program, originate loans, automate the underwriting process, collect documents and transmit the information to the Small Business Administration’s processing system.
You might also like