Simple Retail Financing with End-to-End Loan Origination and Management
There are numerous incentives for retailers and other businesses to offer point-of-sale financing. That’s true whether the “point” in question is a cash register, an online portal, or a mobile device. Traditionally, however, barriers to putting simple financing options at your fingertips have seemed insurmountable.
Consumer Financing as the Ultimate Competitive Advantage for SMEs in 2021
Customer financing, consumer credit, and in-house financing are different names used to describe the same concept – providing your clients with a way to pay for your goods or services in several installments with interest that makes it worthwhile for you. And while this marketing/monetization opportunity is starting to go viral among business owners, you […]
Five Key Business Models Available for POS Financing
By late 2019, unsecured lending had hit new highs, thanks in part to a surge in point-of-sale financing as consumers and businesses alike became more aware of it as a purchase option — in turn a result of better and more user-friendly lending technology, and increasing competition from online and walk-in retailers alike. In 2018, […]
What Non-Bank Lenders Need to Think About in a Covid (and a Post-Covid) World
Non-bank financial institutions have been active lenders to middle-market businesses and consumers for decades, often as lenders of last resort to borrowers in acute need. In recent years, however, NBFI lending has surged as individuals and small to midsize companies have come to view them as welcome alternatives to risk-averse and highly-regulated traditional banks. To […]
5 Solid Reasons Retailers Should Consider Point-of-Sale Financing
Though relatively new as a web-enabled technology, digital point-of-sale financing had already topped $100 billion a year in the US when the coronavirus descended early in 2020. Now it’s in sharper focus among retailers striving to do two big things: boost sales that have been impaired by lockdown-inspired social distancing, and lay the groundwork for […]
Forbes Council: Options For Retailers Considering Point-of-Sale Financing To Win and Keep Customers
A new Forbes article by Elena Ionenko, Head of Business Development at TurnKey Lender: Point-of-sale (POS) financing was at the forefront of a retail revolution well before the novel coronavirus swooped down to disrupt business plans and household budgets around the world earlier this year. Now, with the additional spur of the pandemic, retailers are […]
How to Start Offering Consumer Financing Online
As a business owner, you want to convert and retain as many clients as possible. And some of them won’t be able to purchase your product in one payment. To build meaningful relations with the client and keep the economy working, consumer financing options are now more important than ever. In the increasingly digital economy, […]
Elena Ionenko’s Interview on the Evolving State of Lending in the Era of AI
Elena Ionenko, the co-founder and head of business development at TurnKey Lender gave an interview to the Fintecbuzz. She shared her insight on the state of digital lending, the ways in which artificial intelligence assists its development, and TurnKey Lender’s products that pioneer the race digitalization of banking and lending. 1. Tell us about your […]
P2P Lending Is Set To Take Off. Here Are The Reasons Why
Peer-to-peer lending is primed for significant growth, fueled by lower operational costs for lenders and broader availability for borrowers in a period of market disruption and innovation linked, in part, to the coronavirus pandemic.
Forbes Council Post: Alternative Credit Scoring For Retail Lenders During Economic Crises
Elena Ionenko, Co-Founder and Head of Business Development at TurnKey Lender published an inaugural article as the newest member of the Forbes Technology Council: With the novel coronavirus pandemic disrupting economies around the world, the importance of credit as a tool for rebuilding has come into sharp relief — as has the need for alternative […]
TurnKey Lender and REPAY: Instant Disbursement and Repayment Capabilities – Step-by-Step Demo
To create lifelong consumer advocates in the digital age, you don’t need to spend more on advertising. What you need is a quality product and to provide a superior user experience. In this video, we’ll show you how easy digital lending can be for your customers. Below is a demo of how the TurnKey Lender […]
How TurnKey Lender Helps Economic Development Corporations
Economic development corporations are location-specific organizations that exist to attract businesses to their regions. Typically structured as 501(c)(3) non-profits, and often allied with local chambers of commerce, EDCs are under pressure to respond helpfully to the coronavirus pandemic on behalf of regional businesses. Fortunately, innovations in lending technology make this easier to achieve.
