Amid growing economic uncertainty, the state of banking innovation is being tested and FinTech platforms and Financial Institutions must rise to the challenge.
In response to the ongoing COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). As part of this approximately $2 Trillion assistance, $349 billion of temporary relief is now available through the SBA and with evolving backing from the Fed. What does this evolving regulatory landscape mean for financial institutions and their loan portfolios?
Garrett Smith, CEO & Founder of Community Capital Technology, outlines the profound impact COVID-19 may have on the lending market – and how Community Capital (“CCT”) enables financial institutions to effectively manage balance sheet optimization, risk concentration, and new working conditions.
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