SME Borrowers: Perfect Match for Alternative Lenders

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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… Read more »

What I Want to Know about a Business Process

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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.

Will Your Lending Program be GDPR Compliant by May?

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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… Read more »

2018 Lending Outlook — Top 5 Trends, Part Two

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Lending Trends 2018 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.

2018 Lending Outlook — Top 5 Trends, Part One

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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… Read more »