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Accelerating SBA PPP Loans with Blue Prism Digital Workers

Banks were inundated with thousands of loan requests daily under the $359 billion Paycheck Protection Program (PPP) in support of the Small Business Administration (SBA) COVID-19 relief efforts. The SBA estimated that there were more than 14 years of loans processed in less than 14 days. Now, a new round of funding is coming.

To keep up, loan officers worked around the clock to manually review, verify, approve, and enter data into the SBA E-Tran application portal for approval -- a laborious, time-consuming, and error prone process.

Leading the way, Blue Prism together with partners Lateetud and ABBYY provided an end-to-end solution to automate SBA PPP loans. This solution has already helped many banks handle the massive surge in PPP applications from their customers.

In this webinar, learn how a national bank utilized Blue Prism and ABBYY technologies in a Lateetud solution to:
* Complete loans application and approvals in under 2 minutes using Digital Workers.
* Go live in < 48 hours
* Save ~100,000 jobs by rapidly providing relief for U.S. small businesses
* Scale a digital workforce for support of other critical financial services
Recorded Apr 22 2020 46 mins
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Presentation preview: Accelerating SBA PPP Loans with Blue Prism Digital Workers

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  • Channel
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Welcome to Blue Prism's Webinar Channel. ///

Who is Blue Prism?
We make work smarter and more productive so your people are free to do great things. We believe every company will soon have a digital workforce to automate, streamline, and accelerate work, and we’re dedicated to making this vision a reality. Blue Prism enables an enterprise-grade digital workforce that’s smart, secure, scalable and successful and can be deployed throughout an organization. ///

What will you find here on our webinar channel?
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For more info, register for one of our upcoming webinars, view any of our past events on demand, or visit us at www.blueprism.com.

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  • Live at: Apr 22 2020 6:00 pm
  • Presented by: Multiple
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