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FDIC Study: Banks With Advanced Tech Made More PPP Loans

FDIC Study: Banks With Advanced Tech Made More PPP Loans

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For banks, especially smaller community banks, the key to powering through economic tumult may lie with technology. The Federal Deposit Insurance Corporation (FDIC) said in a report titled “Bank Technology and the COVID-19 Pandemic” that “the conventional view on the comparative advantage of small banks’ business models centers on relationship lending.

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