Search Results for: paycheck protection program

Cleareye.ai Collaborates with Microsoft for AI Platform
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Cleareye.ai Collaborates with Microsoft for AI Platform

Fintech News Desk
by Fintech News Desk0
Cleareye.ai, a leading fintech platform that transforms banks into hyper-agile organizations, today announced it is collaborating with Microsoft. Cleareye.ai’s enterprise-ready platform will use Microsoft technology to power its products, starting with the PPP Loan Forgiveness Processing Engine, which will be powered by Microsoft Azure. Read More: New Majesco Research Highlights......
Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
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Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago in January 2020, big banks approved a record high......
Wells Fargo Invests in Six Black-Owned Banks
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Wells Fargo Invests in Six Black-Owned Banks

Fintech News Desk
by Fintech News Desk0
Investment is part of a $50 million pledge to help minority institutions and the bank’s larger commitment to foster an inclusive recovery Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned......
Abrigo Helps Community Financial Institutions Secure More than $6 Billion in PPP Loans in 2021
Fintech News

Abrigo Helps Community Financial Institutions Secure More than $6 Billion in PPP Loans in 2021

Fintech News Desk
by Fintech News Desk0
Abrigo is proud to announce that it has helped community financial institutions secure more than 53,000 Paycheck Protection Program (PPP) loans totaling more than $6 billion through its Abrigo PPP Solution since the latest round of the program opened January 11, 2021. Abrigo has enabled more than 380 financial institutions......
Berkshire Bank Taps Cirrus to Support Small Business and PPP-Related Lending Initiatives
Banking Fintech News

Berkshire Bank Taps Cirrus to Support Small Business and PPP-Related Lending Initiatives

Fintech News Desk
by Fintech News Desk0
Cirrus, a provider of cloud-based document management software, announced that Berkshire Bank has selected the company’s enhanced secure document collection portal to help the bank manage an influx of SBA loan requests, including 942 PPP loans on the first day of the program. Read More: Reef Finance Becomes the Marquee Project......
Narmi Raises $35M in Funding to Accelerate Digital Transformation of America’s Financial Institutions
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Digital Banking Tech Startup Narmi Raises $20.4m

Fintech News Desk
by Fintech News Desk0
Narmi, a leading financial technology company that builds digital banking solutions, today announced the close of a $20.4M Series A funding round to empower community banks and credit unions to go to market faster and better compete with megabanks, challenger Banks, and fintechs. New Enterprise Associates (“NEA”), one of the......
Intuit-QuickBooks-Debuts-New-Campaign-to-Spotlight-Small-Businesses’-“Journey-to-Success”
Banking Fintech News

Intuit QuickBooks Capital to Help Small Businesses Access Additional PPP Loans as SBA-Approved Lender

Fintech News Desk
by Fintech News Desk0
WHAT The Coronavirus Response and Relief Supplemental Appropriations Act of 2021, a $900 billion relief package, includes an additional $284.45 billion in Paycheck Protection Program (PPP) funding to help small businesses. In addition to providing funds for first-time borrowers, the new law provides small businesses with an opportunity to apply......
Banking Fintech News

FIS Sees Robust Processing Volumes on Real-Time Lending Platform for Latest Round of PPP Loans

Fintech News Desk
by Fintech News Desk0
Financial technology leader FIS® (NYSE: FIS) announced today that it is seeing robust processing volumes on its Real-Time Lending (RTL) platform in the newest round of funding under the Small Business Administration’s Paycheck Protection Program. Through the first two weeks of the program, FIS has successfully processed nearly $8 billion......
Media Alert: Wolters Kluwer Lien Solutions Cites AI and Analytics as Key to Commercial Lending Success
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Media Alert: Wolters Kluwer Lien Solutions Cites AI and Analytics as Key to Commercial Lending Success

Fintech News Desk
by Fintech News Desk0
Thought Leadership article highlights the role of data analytics, technology in revolutionizing commercial lending Technology advances, combined with the current economic downturn, are prompting commercial mortgage lenders and brokers to increasingly embrace newer technologies and the latest data analytics capabilities to more effectively compete against non-traditional lenders, manage risk, and......
Intuit-QuickBooks-Debuts-New-Campaign-to-Spotlight-Small-Businesses’-“Journey-to-Success”
Business Fintech News

Intuit Builds on Resources to Help Self-Employed and Small Businesses Understand Available Relief Under New Congressional Aid Package

Fintech News Desk
by Fintech News Desk0
To further help customers and communities overcome their most important financial challenges, Intuit (Nasdaq: INTU), a global technology platform powering TurboTax, QuickBooks, and Mint, today updated Intuit Aid Assist (IAA), a free website with two interactive tools to help eligible small business owners and the self-employed assess their eligibility for......
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