Banks Seek More Fintech Help for PPP’s Next Phase

American Banker, July 10, 2020–Miriam Cross (subscription)
There are far fewer providers focusing on forgiveness capabilities than those that built platforms and portals that allowed banks to process loan applications under the coronavirus relief bill during the first two phases of PPP funding. A number of banks are outsourcing the forgiveness process, or selling their loans to nonbanks.
https://www.americanbanker.com/news/banks-seek-more-fintech-help-for-ppps-next-phase