Fintechs working with lenders and small businesses explain the pain points still plaguing the latest $320 billion round of PPP loans

 Written by Dan DeFrancesco and Shannen Balogh. Featured in Business Insider on April 29, 2020.  President Donald Trump signed a new stimulus package on Friday that replenishes funds for the paycheck-protection program for small businesses, but hiccups around distributing loans in…

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Ocrolus Adds Senior Technical Leadership

Ocrolus has a mission to make financial decisioning faster and more accurate at scale. The company has seen tremendous growth since its inception and has proven the value of its solutions to customers. As we continue our growth into new…

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How to Effectively Work From Home: 13 Tips From Team Ocrolus

Before COVID19, only 7% of workers in the United States had the option to work remotely, according to the World Economic Forum. In our current state, telecommuting is not just a perk of working for a progressive company, but a…

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Streamlining the SBA Payroll Protection Program with Fintech Infrastructure

Last Friday was day one for the SBA Paycheck Protection Program (PPP), and by most accounts, chaos reigned. Many approved SBA lenders decided not to participate without more clarity on the underwriting due diligence expected from the Treasury Department and/or…

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Lender Infrastructure Key to Managing SBA’s Paycheck Protection Program

From seeding new growth initiatives to funding expansion plans, small business lenders are always in search of opportunities where they can come through for their customers in times of need. But the coronavirus crisis is providing them with perhaps the…

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5 Steps to Future-Proof Your Business & Yourself (Thank You, NEXT!)

Here’s a shot of Julie Lane, Financial Services Digital Executive, alongside the co-founders of NEXT, Jeri Yoshida and Molly Dowdy (from left to right). The COVID-19 outbreak has caused companies around the world to change the way that they do…

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In Volatile Financial Markets, Scalability is Crucial to Lender Success

As I’m writing this blog post, the major global financial markets have experienced two weeks of down and up (mostly down) rollercoastering due to COVID-19 concerns. The S&P500 index has experienced its six largest point moves all in the first…

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The Role of Humans in Document-Driven RPA Applications

Robotic Process Automation (RPA) is the fastest-growing enterprise software segment, having expanded 63% to $846 million worldwide in 2018, according to Gartner, while Forrester predicts that the RPA market will reach $2.9B by 2021. Everywhere from the boardroom to online…

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Ocrolus VP of Solutions Nicole Newlin Named to NYC Fintech Women Leadership Team

Story by Melissa Hougie, Director of Marketing, with Q&A from Nicole Newlin, VP of Solutions We’re proud to announce that Nicole Newlin, VP of Solutions at Ocrolus, has joined NYC Fintech Women’s leadership team. Nicole brings first-hand experience navigating financial…

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Three Benefits of Automating Invoice Processing

Every company has an Accounts Payable (AP) function; whether it’s a sole proprietor with a makeshift approach, or a corporation with shared services operations, every organization has some kind of procedure for invoice processing.  And for as long as there…

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