Report

Beyond PPP: How Vendors Help Lenders Survive the Pandemic

Trying times demand new ways of doing business that are arrived at not evolutionarily but through rapid improvisations.
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Boston, July 14, 2020 The COVID-19 pandemic is wreaking havoc on the global economy, the countless businesses within it, and their employees. Even in the presence of business-bailout programs such as the Paycheck Protection Program in the U.S., small and midsize businesses will encounter dramatic reductions in revenue while their fixed costs do not budge. But positive impacts can be achieved within the vast ecosystems composed of borrowing businesses of all sizes, lending financial institutions, and their supporting vendors.

This Impact Brief provides a high-level roadmap to, and examples of, the improvisations that technology vendors are making available to financial institutions that lend to businesses. It is a result of a qualitative survey of 12 leading vendors both in the commercial loan origination space and on its periphery.

Clients of Aite Group’s Wholesale Banking & Payments service can download this 12-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Axe Finance, Codat, Edgeverve Systems Limited, FIS, Global Wave Group, Hyland Software Inc., Jack Henry and Associates, Linedata, nCino, and Wolters Kluwer Financial Services.

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