TurnKey Lender

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TurnKey Lender

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About TurnKey Lender

TurnKey Lender is an intelligent end-to-end platform that automates the whole lending process. The company was founded back in 2014 and since then managed to make a leap from being a startup to becoming a recognized technological leader among the lending automation software platforms. The reason for this is that TurnKey Lender is the first company ever to put bank-grade software on a commodity cloud, making the technology accessible, affordable, easy to use and to deploy.

Another thing which makes TurnKey Lender stand out among competition is the meaningful use of self-learning Artificial Intelligence and big data for risk management and credit decisioning as well as the all-in-one modular nature of the system. The platform has built-in functionality to automate loan origination, underwriting, collateral management, borrower evaluation, risk management, debt collection, loan servicing, reporting, supervision, and regulatory compliance to the highest possible extent. This frees up time and resources for lenders to focus on business development and marketing. The venture types who will benefit most from implementing include alternative, SME, peer-to-peer, and direct lenders, auto financing, mortgage, community banks, and credit unions.

Countries TurnKey Lender Services Available In

As of 2019, TurnKey Lender is or has been working with companies in UK, Armenia, Kazakhstan, Spain, Ukraine, Ireland, USA, Canada, Czech, Columbia, Panama, France, Zimbabwe, Switzerland, Croatia, Mexico, Philippines, Ivory Coast, Singapore, Cambodia, Jamaica, Sweden, UAE, Australia, Poland, China, Bahams, Norway, Brasil, Trinidad, Malaysia, Nigeria, Denmark, Vietnam, Indonesia, Kenya, Oman, Hong Kong, and Zambia. The company’s geography is constantly expanding and the team is always open to taking on new local challenges.

TurnKey Lender Pricing

TurnKey Lender has a free trial and paid subscription plans. The end-to-end solution’s pricing starts at $500/month (with an unlimited number of users). The final price depends on the type of lending operation, the size of the business, and other influencing factors. The payments can be done in the local currency through Stripe.

TurnKey Lender Free Trial Information

In case you’re still undecided as to which lending automation platform to use, you can easily give TurnKey Lender a go with no strings attached due to the free trial which the company offers.

TurnKey Lender Product Details

The goal of the company is to provide lenders with a turnkey lending infrastructure which they can deploy within days and start serving their clients right after that, without lengthy procedures or customization. By doing that the company strives to reach global financial inclusion and lowers the industry entry barriers. Within just a few years after foundation, TurnKey Lender became the industry standard in terms of quality and extent of lending automation. Thanks to the platform’s superior backend, secure loan issuing can take just 9 minutes where it used to take weeks. For many digital lenders this becomes the ultimate selling point which differentiates them from traditional banks. But the process isn’t just fast, it’s also incredibly secure due to proprietary risk scoring algorithms, customizable and extremely reliable scorecard, and, of course, AI that drives the decisioning. One of the most important metrics of a lending business has always been its total portfolio profitability. For TurnKey Lender’s clients, this metric has grown by 49% after they implemented the company’s solutions. At the same time, clients’ operational efficiency grows on average by 283% and client lifetime value by 67%.

TurnKey Lender mainly uses AI with self-learning scoring models for credit decisioning and risk evaluation. Working with the client data, the system learns to use prediction, classification, clustering, and association to process loan applications. For safety purposes, the system doesn’t just use the data client is providing but also pulls the available information from the databases it’s synchronized with. All the data is processed by TurnKey Lender and then presented in the form of a risk evaluation.

TurnKey Lender system can come as a localized boxed solution adjusted to the needs of the client or as an Enterprise platform enhanced with a state-of-the-art drag-and-drop business logic editor.

TurnKey Lender Support & Customer Service

Lending is an extremely complex process and each operation differs in terms of decisioning, servicing and risk evalutation rules. That is why every client of TurnKey Lender is assigned a project manager and can count on 24/7 support from a team of experienced technicians. Just as develolment, QA, and business analysis teams, Customer Support dept consists of the high-profile professional we handpicked to be able to help our clients in the best possible way. TurnKey Lender clients get qualified support in English any time, day or night, in English in Jira interface.

TurnKey Lender Key Features

  • P2P Module

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This page was last updated 05 February 2019 07:21