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Tag: Paycheck Protection Program

$236,000,000,000 in ‘Improper Payments’ Made by US Government in One Year, Exposing Material Weakness in Internal Controls: Report – The Daily Hodl

The US government is botching hundreds of billions of dollars of payments per year, according to a new report. The Government Accountability Office (GAO) says...

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A Texas Crypto Firm Is in Trouble for Defrauding COVID Program

A Dallas man and the digital currency company he created are in hot water after being charged with defrauding a financial program introduced during the COVID...

NMG Opens Office in New York and Expands its U.S. and Canadian Investor Relations Commitment Ahead of NYSE Bell Ringing

+    NMG has opened a New York corporate office to further service and interact with the U.S. investment community. +    NMG has also set up a comprehensive Investor Relations function in New York, with the appointment of Mr. Mark Mitchell, of Matrix Advisors, who will be focusing on servicing the U.S. market. +    At the same time, the […]

The post NMG Opens Office in New York and Expands its U.S. and Canadian Investor Relations Commitment Ahead of NYSE Bell Ringing appeared first on Fintech News.

The biggest trend shaping AI in lending this year

Artificial intelligence is transforming lending, helping borrowers make better decisions and empowering lenders to deliver satisfying customer experiences. The most important trend shaping AI in lending this year, however, centers on accelerating fairer and more inclusive practices across lending. Traditional lending practices reflect human bias, making it harder for applicants from diverse backgrounds and life […]

Digital acceleration shines a light on new challenges facing small businesses

In the wake of the pandemic, the search for adequate funding and opportunities to minimise costs are at an all-time high.

Lessons learned from the Paycheck Protection Program

Nearly 18 months ago, Congress, the White House, and the financial services industry undertook an unprecedented joint effort to inject hundreds of billions of dollars into the economy through loans to millions of small businesses. The Paycheck Protection Program (PPP) would eventually distribute over $800 billion in just 13 months with the disbursement of 80% […]

Automation may reduce racial bias in lending

Automation may reduce racial bias. That is according to a recent study of Paycheck Protection Program (PPP) loans — a finding that runs...

Cross River Bank acquires Ohanian-Backed fintech Betterfin

Cross River Bank is deepening its small-business offerings with the purchase of Betterfin, a startup backed by Reddit Inc. co-founder Alexis Ohanian. Betterfin is...

Leading Transformative and Innovative Change in Fintech: A Conversation with Karen G. Mills

As part of our #womeninfintech series, we spoke with Karen Gordon Mills, a Senior Fellow at the Harvard Business School and...

Full Skope announces its turnkey, rapid launch SkopeLend loan origination solution

SAN ANTONIO, Texas – Full Skope LLC has launched a new version of its SkopeLend loan origination system (LOS), a modern loan origination...

Fintech tops Inc. 5000 list

For almost 40 years, The Inc 5000 list of the fastest-growing private companies in America has been the highlight of the traditionally slow...

Study Blames Fintech for Bad Data in the PPP Program

Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped...

Man goes to jail for using taxpayer-backed loans to buy cryptocurrencies (and more) 

These days, people are getting creative in funding their cryptocurrency ventures. But there’s a fine line between being resourceful and doing something illegal. Unfortunately, for this man, he failed to distinguish the difference between the two.  A man named Lebnitz Tran was charged by the U.S. Department of Justice for using a taxpayer-backed loan called […]

The post Man goes to jail for using taxpayer-backed loans to buy cryptocurrencies (and more)  appeared first on BitcoinerX.

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