On-Demand Webinar

Mitigating Fraud Risk & Optimizing Opportunity in PPP Round 2

Small business is the backbone of the U.S. economy, and it's no secret that COVID-19 continues to leave a trail of financial despair in its wake. However, the first round of Paycheck Protection Program loans was anything but smooth and at great cost to the lender and the consumer. There are key differences from round one to round two of PPP loans and understanding these differences is critical. Over 100 banks of all sizes in the U.S. leveraged Salesforce to rapidly deploy PPP solutions during the initial round of funding in unbelievable time frames ranging from 48 hours to 7 days.

During this webinar, we’ll discuss key differences of the second PPP rollout such as how Tableau helps organizations with:
   ○ Credit risk
   ○ Loan volume
   ○ Fraud
   ○ Approval loan-cycle
   ○ Money-laundering

Come learn how Tableau has helped the top lenders get it right through this crisis and beyond.

 

Below are some additional tips to be aware of with these second round of SBA PPP Loans:

Cost of Getting it Wrong

  • Lenders will not receive processing fees for PPP loans if any of the following happen:
    • Loan is canceled before disbursement
    • Loan is canceled or voluntarily terminated and repaid after disbursement but before borrower certification
    • SBA conducted a loan review and determined that the borrower was ineligible for a PPP loan
    • Lender failed to meet the requirements of the PPP program or document and retention requirements

How to Get it Right

  • Document PPP strategy, & how underserved or rural markets were prioritized
  • Ensure loan files are accurate and complete, including credit application, promissory note, transcripts, amount of loan, amount eligible for forgiveness, average monthly payroll costs, compliances with BSA/AML program
  • Ensure Data Quality & Visibility
  • Test PPP applications to detect risks under fair lending and Community Reinvestment Act requirements. Geographical penetration, analysis of PPP loan distribution
  • Monitor performance

About the speakers

Sarah Keren

Sarah Keren

Vice President of US Enterprise Financial Services at Tableau Software

Tableau helps people see and understand data, and that’s exactly what Sarah thrives upon. She is passionate about building strategies that leverage technology innovation to address business goals.

Sarah enjoys partnering with Fortune 100 companies and listening to their leaders to ensure their success. She has been with Tableau for nearly three years; prior she was at Cisco for 13 years where she was recognized in the top 1% of a 20,000 person sales force. Combining her dedication to data and women’s empowerment, she was President of Cisco’s “Connected Women” Northeast chapter with over 1,400 attendees globally and launched Tableau’s Women in Leadership series.

Originally from Ohio, Sarah moved to New York City over 10 years ago and is a proud wife and mother to her husband Roger and two kids, Chase (4 years), Charlotte (2 years). Sarah graduated Summa cum Laude with Honors from The Ohio State University.

Deb Das

Deb Das

Strategic Account Executive at Tableau Software
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John Cahill

Sales Consultant at Tableau

John is a Sales Consultant at Tableau with experience working with many large enterprise customers in the Northeast region. Prior to Tableau, he has held technical sales and consulting roles at companies including FactSet Research Systems and Tibco Software.

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