TMCnet News
GIACT® Launches Emergency Fast Track Program to Assist Financial Institutions and Non-Bank Lenders with SBA Loan DisbursementsDALLAS, April 8, 2020 /PRNewswire/ -- GIACT®, the leader in helping companies positively identify and authenticate customers, today announced a dedicated fast track program to help lenders disburse the $349 billion in Small Business Administration (SBA) loans provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The program will allow financial institutions and non-bank lenders to create a streamlined process for account, business and identity verification, along with important compliance tools, within 48 hours of GIACT's approval, using GIACT's interoperable, single API solution. Learn more about GIACT's SBA Emergency Fast Track Program GIACT's program will quickly help financial institutions and other lenders responsible for the disbursements of funds to strengthen their identity and account verification processes in order to streamline enrollment, alleviate compliance concerns, mitigate fraud and ensure that legitimate businesses obtain the loans they need. "Lenders are facing a historic challenge in being tasked to process an unprecedented volume of first-come-first-serve loan applications during this economic crisis," said Melissa Townsley-Solis, co-founder and CEO at GIACT. "We're already assisting banks and other lenders. We created this fast track program to help lenders manage their fraud and compliance risks as they onboard a large number of new customers in a short time period. GIACT is dedicated to helping lenders impleent these solutions to rapidly assist the businesses that make up the backbone of our economy without allowing fraudsters to take advantage of this rapid pace." To address the unique challenges associated with SBA loan disbursements, GIACT is providing expedited deployment of its EPIC Platform® solutions, including:
For an immediate consultation, contact a GIACT representative at 214-644-0450, ext. 226 or click here. About GIACT View original content to download multimedia:http://www.prnewswire.com/news-releases/giact-launches-emergency-fast-track-program-to-assist-financial-institutions-and-non-bank-lenders-with-sba-loan-disbursements-301037039.html SOURCE GIACT |