DIGITISING THE COMMERCIAL LENDING PROCESS IN TIMES OF CRISIS
Governments around the world are issuing economic stimulus and relief packages for businesses affected by the outbreak.
From the EU, where the European Investment Fund will guarantee loans to help “provide liquidity to at least 100,000 European small and medium-sized enterprises (SMEs)” – to Japan, where SMEs are being offered interest-free loans and large corporations have access to crisis lending programs. Many businesses need these funds as quickly as possible. Financial institutions (FIs) can support their business clients now, when they need it the most, with an expedited digital process.