Alternative Lending Software

Software systems for alternative funders

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The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

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Certified:

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Opportunity

Alternative financing: 22% Year over Year growth, $34B origination volume

Alternative financing hit an all new high in 2017 with $44 billion extended to new clients. The category growth rate has slowed, but it continues to maintain a healthy 22% year-over-year increase. Mainly due to the fact that traditional banks continue to decline well over half of all business loan applications. The new growth comes from the continuing strength of the peer-to-peer market along with a high level of demand from fintech startup teams.

alternative-lending-opportunity
alternative-lending-obstacle

Obstacle

Technology requirements, regulatory scrutiny

Alternative funders must be technology-enabled in order to maintain profits as the industry becomes more and more competitive. This is a business that requires fast decisions with correct pricing even with new businesses that have no credit or poor credit. In addition regulatory compliance rules continue to change as the industry gains visibility.

Solution

Cloud-based alternative financing software system

Turnkey Lender solves a myriad of origination and account management challenges with our fintech award winning software system. Our platform provides automation and advanced credit scoring to minimize processing time without compromising risk tolerance, accuracy or security. Regardless of whether the system is reviewing a new application, managing payments, or using predictive bad debt triggers to monitor client credit scores. This cloud-based system is fully managed for you. It’s easy to deploy, easy to master, and the rules-based system is regulatory compliant out-of-the-box. Software upgrades are automatic at a platform level with no additional programming on your part, including compliance updates as soon as they are published. The proprietary scoring model uses machine learning and ongoing analysis to constantly fine tune the score card. And we provide alternative scoring models to evaluate prospects with little or no information reported at traditional credit agencies.

Fully automated alternative lending software

Best practice workflows

Turnkey Lender’s customizable workflows allow you to adjust decisioning flow and business rules.

Advanced credit scoring

Your software comes out-of-the-box with a generic scoring template that evolves over time through machine learning. Alternative scoring models are easy to install with APIs.

Credit decision analytics

It is important to take a step away and analyze decisions. We provide all sorts of analytics so you can review and improve your credit risk strategy. See it for yourself with the free trial!

We offer 14-days free trial. Upgrade or downgrade any moment. Request Free Trial Now

Advantages compared to other alternative financing solutions

Time to market

With Turnkey Lender you will optimize portfolio yield by working only with the most profitable customers. Predictive models will help you identify best rate and loan term.

Increased operational efficiency

Act fast by taking the right decisions, supported by artificial intelligence. You’ll see fewer manual reviews and more first pass approvals.

Modular architecture

Turnkey Lender works as a web app, so you can log in from anywhere and work on processing loan applications. There is no need to manually install software on all the desktop computers of your team members.

Powerful credit decisioning

Our clients use our software for a payday loan, student loans, auto loans, crowd sourced and peer-to-peer loans. We support micro lending in emerging economies and engage in complex credit bureau eco-systems.

IT support and customer service

We offer full technical support and we are always here to answer any questions. Our experts will guide you through every step of set up and customization process.

Fraud prevention

Our product is built out of units. You can start small and extend functionality later on. As you grow, the tool will grow with you! Modular approach makes us affordable for solo online lenders and mid-size financial institutions.

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On average, here is the difference Turnkey Lender made for our clients:

Operational efficiency
has grown by

283%
Total portfolio profitability
has grown by

49%
Client lifetime value
has grown by

67%
See how we automate every step of online lending:
origination, underwriting, collateral, servicing, collection and reporting.
Request Free Trial Now

from Turnkey Lender Blog

Will your lending program be GDPR compliant by May?

General Data Protection Regulation (GDPR) goes into effect on May 25, 2018. That’s just three short months away, and most companies say they aren’t ready. According to survey results published by Ovum, two-thirds of global companies believe they’ll need to change their business strategy to conform to new security guidelines. And half the businesses governed by GDPR believe they’ll be fined for non-compliance.

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