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Google Releases AI Tool for Processing PPP Loans

Google Releases AI Tool for Processing PPP Loans

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FintechNews RoundupUSA
··1 min read

Google has developed an AI tool to help lenders process PPP loan applications; the solution, called PPP Lending AI, can automate the handling of large volumes of loan applications by identifying patterns that would take a human longer to spot; it can extract necessary data from critical paperwork and help prepare the documents needed to send to the SBA; PPP Lending AI takes only days to implement and consists of three parts: a loan processing portal, a document AI PPP parser and loan analytics; it also appears to enable lenders to skirt around the ban on robotic process automation that was blamed for the many outages experienced by the E-Tran system on Monday. Venture Beat

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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