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FinTechs Take A Regional Approach To SMB COVID-19 Relief

PYMNTS

Below, PYMNTS rounds up the latest solutions that FinTechs and lenders are developing to ease the PPP lending process for SMBs and FIs alike, with many initiatives focused on enabling regional and community banks to maintain a competitive edge against the biggest banks. Fresno First Bank.

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Ex-Banker's Crowdfunding Firm Finds Its Missing Link: A Bank

American Banker

That's where Fresno First comes in. Kim Kaselionis saw a lot of small-business-loan applications die on her desk when she was a bank chief, so she started a crowdfunding firm to nurse along startups till they were bankable.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

In mid-June 2020, the community bank launched Cross River Digital Ventures, a venture capital arm that invests in fintechs. Among other elements, Cross River Bank integrated technology from the fintech Ocrolus, which automated review of bank statements, payroll data and other documentation from applicants. Location: Fresno, Calif.