Report examines fintechs and PPP fraud

In a study conducted by the University of Texas, researchers found financial technology (fintech) lenders participating in the Paycheck Protection Program were more likely to be involved with suspicious loans.

The paper detailing the study was released just weeks after a report from The Bank for International Settlements warned of significant risk to the global financial system posed by a lack of sufficient regulations and supervision among fintechs.

Read on for more details.