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The pandemic may force the Small Business Administration to rely more on fintechs and digital channels to hasten loan approvals, a shift that could stick.April 1
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The app, set to roll out this month, will be offered to the 38 million Office 365 users and can connect via the data aggregator Plaid to all bank and card accounts.April 1
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Lenders and government guarantors can use loan technology to bring immediate relief to business owners, former OCC official Jo Ann Barefoot says.April 1
CEO and Co-founderAlliance for Innovative Regulation
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While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic.March 31
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Founder Brett King will now focus on the enterprise software side of the business, which provides mobile banking software to traditional banks.March 27
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Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.March 27
Head of global policyKabbage Inc.
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No online lenders are approved for the agency's traditional programs, but they could make loans under the COVID-19 stimulus package if they get special approval.March 26
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Many borrowers will suffer unless the program, the central bank's latest response to the coronavirus pandemic, includes consumer loans issued by fintechs.March 26
Senior FellowColumbia University
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Financial services personnel were among critical infrastructure groups that the Department of Homeland Security said were crucial for “public health and safety as well as community well-being” during the pandemic.March 24
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The mobile-only bank offers many standard neobank features and some added payment options.March 24
