TurnKey Lender 2019 Year In Review:  Achievements, Recognition, Events, and the Best AI Software in the Industry.

In 2019, TurnKey Lender grew from a recognized regional fintech into a global player. New offices, new markets, new products, and a number of industry awards across continents made it the company’s most expansive year to date.

Awards & Recognition

2019 produced a heavy concentration of industry recognition spanning lending, fintech, AI, and business excellence categories across the UK, US, Singapore, and Canada.

• Winner – Frost & Sullivan, Singapore FinTech Industry 2019, “New Product Innovation Award 2019”. One of the most rigorous award processes in the industry based on in-depth interviews, extensive secondary research, revenue analysis, market share, and overall industry contribution. Competing against Singapore’s leading fintechs, TurnKey Lender was selected as the winner in the New Product Innovation category at Frost & Sullivan’s Asia Pacific Best Practices Awards.
• Winner – Technology Elite Awards 2019, “Best AI-Powered Loan Management Software”. US Business News recognized TurnKey Lender for the second consecutive year, this time specifically citing the platform’s AI and machine learning capabilities in loan management.
• Winner – Credit Awards 2019, “Best Use of Technology – Lending & Credit Management”. Awarded by UK’s Credit Strategy at the 20th anniversary Credit Awards. TurnKey Lender won for its innovative application of deep neural networks in credit decisioning. 
• Winner – Finance Monthly FinTech Awards 2019, “FinTech Innovation – Firm of the Year – Singapore”. Selection criteria included vote nominations received, innovation in the prior twelve months, strategic vision and implementation, and documented activity relative to industry peers.

• Winner – FiNext Awards 2019, “Top Companies in Finance”. Awarded at FiNext Tech Awards & Conference. Judged across five parameters: industry impact, overall reach, innovation, future readiness, and market demand.
• HCCResearch Auto Loan Origination Software Market Report 2019. TurnKey Lender was recognized by HCCResearch as one of the top platforms in the auto loan origination software market. The analysis highlighted the company’s end-to-end lending automation solution for small to mid-sized lenders and a strong market position across key evaluation criteria including revenue, adoption, and product capabilities.
• Winner – US Finance Elite Awards 2019, “Best Finance Technology Provider” and “Most Innovative End-to-End Lending Platform”
• Winner – Singapore FinTech Awards 2019, “Top 10 FinTech Leaders”. Co-founder Dmytro Voronenko recognized among the top ten fintech leaders in Singapore.
• Winner – Canadian Lenders Awards 2019, “CLA’s Top 25 Leaders in Lending”. Co-founder Dmytro Voronenko named among Canada’s top 25 lending industry leaders.
• Listed – 2019 Top 100 Women in FinTech. Co-founder and COO Elena Ionenko recognized on the global Top 100 Women in FinTech list.
• Finalist – Lending Awards 2019 (Three Categories). TurnKey Lender was shortlisted at the UK’s Lending Awards across three categories: Business Leader of the Year (Dmytro Voronenko), Best Technology Partner, and Innovation Award. 

Product Launches

• Auto Financing Solution – a purpose-built lending solution for auto dealerships, tailored to the specific needs of in-house financing programs. Backed by TurnKey Lender’s AI decisioning engine and enhanced with integrations specific to the auto industry, it can automated part or all of a dealership’s financing operation.

• Lending Solution for Retail – built for SMEs, retailers, and service providers looking to offer financing directly to customers without involving third-party lenders. Designed to eliminate the middleman and keep lending revenue in-house.
• TurnKey Lender Psychometrics – a standalone product enabling credit decisioning through psychometric assessment, specifically built for markets where credit bureau data and bank statements are unavailable or unreliable. The AI-powered test evaluates twelve personal trait dimensions and delivers a risk score in as little as six minutes.
• AI-Powered Credit Scoring – a new credit scoring solution built on deep neural networks and machine learning, announced at the Singapore FinTech Festival 2019. Designed to lower credit risk and improve lending profitability through more accurate borrower evaluation.
• Unified Lending Management concept launch – the framework that would go on to define the company’s product architecture in subsequent years, consolidating all lending functions into a single integrated platform.
• Standard and Enterprise Solution Updates – multiple major updates were rolled out to the Box and Enterprise solution throughout the year.

Growth & Expansion

TurnKey Lender added customers from 11 new countries in 2019, bringing the total to 50+ countries served. New offices were opened in Austin, Texas and Kuala Lumpur, Malaysia to support the growing demand across North America and Southeast Asia. 

TurnKey Lender also became a member of the Canadian Lenders Association, aligning with the organization’s mandate to support innovative lending to small businesses and individuals across Canada and foster safe and ethical lending practices. 

Events & Conferences

TurnKey Lender maintained an active global conference presence throughout 2019 across North America and Southeast Asia.

• Digital Banking 2019 – Austin, TX. Organized by American Banker Magazine, the event brought together senior executives from HSBC, Goldman Sachs, Bank of America, and Wells Fargo. TurnKey Lender was represented by co-founder and Head of Business Development Elena Ionenko.
• MyFintech Week ’19 – Kuala Lumpur. Hosted by Bank Negara Malaysia, one of Asia’s largest fintech events focused on digital transformation of financial institutions and responsible innovation in the regional ecosystem.
• Innovfest Unbound 2019 – Singapore. Held by the National University of Singapore, NUS Enterprise, and Unbound. As one of the few companies accredited by IMDA Singapore, TurnKey Lender participated in an event that connected over 15,000 participants from 100+ countries.
• CU Leadership Convention – Las Vegas. 42nd edition of the credit union industry’s flagship event. TurnKey Lender exhibited alongside partner APIO, with the event covering auto lending, risk management, mobile banking, regulatory compliance, and blockchain.
• Experience FinXTech – Chicago. One of the largest US fintech conferences, connecting business and technology leaders for discussions on digital transformation in financial services.
• Buy Here, Pay Here – Chicago. Backed by the National Independent Automobile Dealers Association, TurnKey Lender showcased its newly released auto dealership lending solution.
• Singapore FinTech Festival 2019. TurnKey Lender used the festival as the platform to announce the Unified Lending Management concept.
• Canadian Lenders Summit – Toronto. The third annual summit focused on tools, policies, and fintech solutions for Canadian lenders. TurnKey Lender attended as part of its expanding Canadian market presence, reinforced that year by membership in the Canadian Lenders Association.

Additional events attended: Lend360, HPE Telco Days Vietnam, HPE Banking Days Thailand, Ignite PH, Benzinga FinTech Awards.

Final thoughts

2019 closed with TurnKey Lender operating in 50+ countries, recognized by more than a dozen independent award bodies, present at numerous events, and having launched several new products. The infrastructure built in 2019 positioned the company to absorb and respond to the disruption that 2020 would bring.