Digital disbursements plug gaps left by Covid-19 relief effort

Bank of America has seen mandates increase in the last month as digital solutions become increasingly important to overcome isolation and social-distancing rules.

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The global lockdown has forced millions of people to stay at home. Local shops, restaurants and bars are all under extreme financial stress as foot fall has collapsed and the realization dawns that it may not recover swiftly even as restrictions start to lift. 

So, business is innovating – with the help of banking partners.

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Matthew Davies,
Bank of America

“We have a client in the UK, which has a number of franchise operations in the bar and pub space,” says Matthew Davies, head of GTS EMEA and global co-head of corporates sales, GTS at Bank of America.

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