Allocore powers the leading government loans, grants, and fraud prevention programs with a unified platform built for efficiency and security. With trillions in loans and grants processed and billions in fraud prevented, Allocore brings the precision of commercial banking technology to the public sector. Our cloud-based, commercially available platform offers a comprehensive suite of solutions, from loan origination and servicing to grant management and fraud detection, ensuring swift and accurate decision-making for complex government financial services.
To-Be
The Allocore platform currently handles upwards of 50,000 grant and loan applications each month and prevents $1 billion of fraud annually. We utilize our technology, product, and strategic expertise to provide data-driven insights and solutions, enabling faster, more reliable, and safer federal loan and grant origination. We help get needed dollars into borrowers’ and grantees’ hands quicker and protect taxpayer dollars from fraud.
Stakeholders
Yes, Allocore has been core to the success of the Small Business Administration's (SBA) dispersal of Paycheck Protection Program (PPP) loans. After building an end-to-end system in just 8 months, Allocore manages the entire Disaster Lending Program today.
Business Process Model
Automating Manual Processes – Replacing repetitive manual workflows with automated systems to improve efficiency and reduce errors.;Inter-Agency Collaboration – Addressing the need for streamlined coordination between government agencies or departments to achieve share objectives.;Fraud, Waste and Abuse – Tools and products to analyze, detect, monitor, and identify potential fraud, waste or abuse.;Loan and Grant Management - loan origination and servicing to grant management and fraud detection