The Paycheck Protection Program (PPP), which makes forgivable loans available to small businesses, is a phenomenal move to mitigate the economic impact of COVID-19. It will undoubtedly go a long way in safeguarding the interests of workers and employees.

However, we also understand that banks are currently grappling with problems such as skeletal staffing and the task of quick disbursement of high volumes of small business loans will only add to the overall challenge. We, at WNS, are with you to help you collaboratively navigate these testing times, and emerge stronger and better.

The WNS Solution: Business Process as a Service

We will leverage a Business Process as a Service (BPaaS) model to drive faster, efficient and accurate processing of SBA-PPP applications – through rapid automation of repetitive and transactional tasks such as data extraction from application forms, eligibility verification, form fill-out and more.

WNS will take end-to-end solution ownership, including implementation of the Intelligent Automation solution as well as management of operational tasks such as information screening and exception handling.

A partner to some of the leading banks in North America, WNS is well-positioned to start supporting you (within a span of 1-3 weeks) in processing these small business applications.

Proven Expertise

We have mobilized our global teams of commercial lending experts along with our automation experts to assist you in screening, underwriting and processing these applications. We understand the requirements related to Know Your Customer (KYC) / Anti-money Laundering (AML) checks, identity backgrounds, ultimate beneficial ownership, financial statement analysis, and business and industry metrics. We are also well-versed with the operational nuances of pre-disbursement checks, disbursement processing as well as post-disbursement activities.