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Berkshire Bank Taps Cirrus to Support Small Business and PPP-Related Lending Initiatives
Cirrus, a provider of cloud-based document management software, announced that Berkshire Bank has selected the company’s enhanced secure document collection portal to help the bank manage an influx of SBA loan requests, including 942 PPP loans on the first day of the program.
With the help of Cirrus, Berkshire Bank is positioned to eliminate the inefficiencies and delays that often hinder overall accuracy, workload, and response times. Cirrus’ cloud-based system supports collaboration throughout the entire loan process by streamlining document management, ensuring Berkshire Bank and its customers have real-time status updates into the progress of each loan. From an operational standpoint, automating the collection and collaboration of loan documents allows Berkshire to better manage extensive loan requests and provide quicker access to capital for small businesses impacted by the Covid-19 pandemic.
“With the introduction of the Paycheck Protection Program, SBA shops essentially experienced 200 times the typical volume of loan requests versus what they are used to,” said David Brooks, founder, and CEO, Cirrus. “Cirrus’ portal plays a key role in expediting the process of managing SBA loans, enabling Berkshire Bank to collaborate remotely, execute rapidly and scale quickly to efficiently address the influx in loan requests and alleviate the document chaos associated with SBA lending.”
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CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
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SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
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