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The PPP Omnibus: Eminent Domain, Fraud, and Fintech

a16z Podcast

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Enhancing Identity Verification in the PPP Era

This chapter highlights the weaknesses of U.S. identity verification systems, especially during the Paycheck Protection Program, while contrasting them with the successful methods used in countries like India and Estonia. The speakers advocate for utilizing API technology, such as Plaid, to improve financial record verification for small businesses, aiming to streamline loan processes and reduce bankruptcy risks.

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