For many small businesses, the new round of Payroll Protection Program funds is likely to be a godsend.
For banks, it could bring another overwhelming rush of desperate borrowers.
Many banks are hoping this round of PPP will go smoother — at least somewhat — than the last one. And new technology is being developed to not just address the borrowing onslaught, but the eventual loan forgiveness aspect of the PPP. Oracle inked a deal with Boss Insights, a startup in INV Fintech’s accelerator, a sister venture to Bank Innovation, to build just such a tool.
Finally, there is Greenhouse, the digital bank that was supposed to be nationwide by now. But isn’t.
Find this and more in today’s edition of Weekly Wrap for the week of April 20, 2020, featuring JJ Hornblass, Bianca Chan, Rick Morgan and Rodrigo Suarez.




