From pet leasing to KYC compliance scoring: Elena Ionenko and the host of Your Morning Fix Show on 938now Radio Station (Singapore), Keith De Souza, discuss it all Read more…
August 13th, 2018
Turnkey Lender CEO Dmitry Voronenko: In 2019 More Alternative Lenders For SMEs
Fintech Innovation spoke to Dmitry Voronenko, co-founder of Turnkey Lender to discuss what he sees are challenges facing the industry and the opportunities that lending platforms present to both incumbents and startups Read more…
July 24th, 2018
Turnkey Lender’s CEO is interviewed by Cloudways
Our friends at Cloudways, a managed cloud hosting platform, have conducted an interview with our CEO, Dmitry Voronenko. Read on to find out about more about our online lending software, the challenges of running an IT company, and about what inspires and drives our CEO. Read more…
July 20th, 2018
SME Borrowers: Perfect Match for Alternative Lenders
Demand for business loans continues to rise, especially when it comes to SME borrowers. On the other hand traditional funders like banks and credit unions continue to decline the majority of these applications. And they use a slow, paper-based process to come to their negative conclusion. This is good news for alternative lenders who can leverage technology to approve far more loans with a faster, easier process that supports better credit decisions. Read more…
July 19th, 2018
What I Want to Know about a Business Process
What should we understand and know when we try to describe a business process (requirements point of view)? In this article we discuss the main components: goals of the business process, participants, calculations, rules, restrictions for actions, results and success criterias. Read more…
March 23rd, 2018
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. The penalties are harsh. The fine for a serious data breach could be as high as 4% of annual global turnover, or €20 million, whichever is greater.
GDPR is one of the reasons Gartner, Inc. predicts corporate spending on information security will rise to $93 billion in 2018. Read more…
March 4th, 2018
Decision Automation: How To Augment Predictive Analytics with Human Intelligence
This article examines the perfect combination of automated decisioning with advanced analytics and the human interaction. Let’s start with a simple brainteaser. Take a look at this picture: There is a set of four cards lying on a table. Your task is to verify the rule: “If there’s a vowel written on one side of the card, then an even number is on the other side.” Identify which card(s) you need to turn to check the validity of this rule. Read more…
February 28th, 2018
Lending Approval Process in 2018: Keeping Pace with Next Gen Borrowers, Part Two
In the first part of the article we discussed how the Generation Z borrowers are changing the lending industry. Next, we would like to elaborate on how these demographic differences should change the way that lenders do business. Read more…
February 21st, 2018
Lending Approval Process in 2018: Keeping Pace with Next Gen Borrowers, Part One
There’s a changing of the guard, but it’s not at the palace. Millennials are pushing Baby Boomers out of the top spot for most coveted consumer demographic as this latter group ages and shrinks in size. Read more…
January 26th, 2018
2018 Lending Outlook — Top 5 Trends, Part Two
This is the second part of our outlook for the upcoming year in lending. In the first part we have discussed constantly changing regulations, regulatory sandbox, and improving customer journey. Now it is time to talk about data-driven decisions and cybesecurity. Read more…
January 22nd, 2018
2018 Lending Outlook — Top 5 Trends, Part One
There’s an old Chinese curse, “May you live in interesting times.”
2018 is shaping up to be an interesting year for the lending industry, especially when we consider the uncertainty surrounding political environments, tax reforms, and potential new regulations. At Turnkey Lender we’re a glass half full group of people. So when we balance regulatory chaos on the one hand with tremendous untapped fintech innovation on the other hand — it’s easy to be optimistic about the future of lending. Read more…
January 16th, 2018
Top 3 Challenges to Be Solved by Decision Automation Solutions in 2018
Sun Tzu has said: Speed is the essence of war.
The ability to make wise decisions swiftly will place you well ahead of your competitors. With smart automation of the decision flow you will eclipse competitors. Read more…
