FIS Sees Robust Processing Volumes on Real-Time Lending Platform for Latest Round of PPP Loans
Summary
FIS is providing a convenient self-service portal to streamline the process for merchants and businesses to apply for needed funds through the new round of the PPP program. Through integration with participating bank lenders, the FIS portal automatically pre-fills merchant data, creating a quicker application process and seamless experience. FIS said that about 80 percent of the loan applications it has processed in this new round of PPP funding have been submitted through its self-service portal by small businesses. “ Having assisted thousands of our customers through the impact of the pandemic over the past year, we understand the challenges many merchants and small businesses are facing in navigating the complexity of the PPP lending process,” said Rob Lee, head of Global Core Banking and Channels, FIS. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights.