TurnKey Lender’s H&R Block Engagement Shows Lending Tech’s Resilience
Digital strategies change strategies to technologies In recent history, systemic disruptions have hit digital strategies hard. But in the coronavirus emergency — for reasons linked to the spread of COVID-19 and for considerations of a more permanent nature — things could be different for fintechs that help other businesses achieve efficiencies and curtail facetime. Tax […]
How TurnKey Lender Is Posed To Help Creditors During and After the 2020 Crisis
The Lend Podcast with Elena Ionenko TurnKey Lender Co-Founder and Head of Business Development, Elena Ionenko, addressed the challenges and opportunities that lenders face during the COVID-19 health and economic crisis on The Lend podcast with Joseph Arnaud. Elena shares her insight on: Lenders who will be most affected by the COVID-19 crisis What percentage […]
Fintech Can’t Stop the Coronavirus, But It Can Help Contain It – Here’s How.
It’s a notorious fact that markets hate uncertainty. Right now, the main source of uncertainty is the novel coronavirus (alias Covid-19), which has infected an estimated 122,000 people worldwide and resulted in the deaths of about 4,300 — for a mortality rate of around 3.4%, according to the World Health Organization. That’s sobering news, and […]
Embedded Lending and the Irresistible Logic of Next-Gen FinTech
“Offering installment payment plans to your customers through embedded lending ‘is the best single decision some companies can make,” says Dmitry Voronenko, CEO of lending software maker TurnKey Lender. What if there were a way to win a substantial, and recurring, chunk of new business? What if this method further required no additional marketing, no […]
Collection Scoring in the Age of Artificial Intelligence
Twenty-first century debt collection is backed by a complex system of inputs, algorithms and analysis involving gigantic datasets. Almost by definition, all lenders are collectors. So, while a certain amount of delinquency may be understood as a cost of doing business, that cost doesn’t have to be met with shrugs; not anymore. Artificial intelligence, or […]
Artificial Intelligence Means Better Customer Retention for Lenders
Cracking open multiple data sources can also help lenders spot would-be borrowers worth lending to, even if they have scant credit histories. When you think about it, the key to customer retention is the “Golden Rule,” a maxim found in cultures around the world stretching clean back to ancient Sumer. In modern English, the saying […]
How Machine Learning is Used in the Lending Industry
Together, artificial intelligence, machine learning, and deep neural networks are a boon to businesses awash in data. Machine learning has flipped the script on traditional lending, allowing for more accurate and faster decisions by shifting traditional decision-making from analysis of individuals to analysis of trends and patterns. The result for lenders? More repeat business, and […]
Manufacturers and Retailers Can Take Control of Fees in Their POS-Financing Programs
The in-house approach doesn’t just give retailers a “say” in what fees their customers will pay, it gives them total control over them. In business, losing control means losing money. So if you’re thinking about providing point-of-sale, or POS, financing to increase your retail sales, you need to understand how taking control of fees can […]
Retailers Face Choices When It Comes to Point of Sale Lending
In outline, POS installment loans harken back to the store-credit and “layaway” plans that householders commonly used to fund big and not-so-big purchases in the 1950s and 1960s. Unsecured lending is booming, with point-of-sale, or POS, installment-financing at the forefront of this retail revolution. In turn, POS financing — which comprises a market worth more […]
Retail Financing: Save Time and Money with AI-Powered Point-of-Sale Lending
The Challenges of Running an Online Lending Business
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