TurnKey Lender 2022: Year in Review

In 2022, a major release brought a dedicated TurnKey Lender edition to Australian lenders. Industry recognition continued across the US, UK, and Singapore and the calculations engine received a significant overhaul.

Product Releases

TurnKey Lender v7.9 – the headline release of 2022 was v7.9 and it centered on two major themes. A fully pre-configured Australian market edition and a ground-up rebuild of key calculations engine components. The Australian Edition introduced pre-configured integrations with Equifax Australia, ID Matrix, Green ID, Illion, Zepto, Fat Zebra, SignNow, and Geoscape. It eliminated the custom integration work, previously required for Australian deployments.

On the calculations side, the repayment modes constructor introduced fully configurable repayment priority logic. Zero balance revolving credit lines with multiple disbursements were added, along with special fees that sit outside the general payment schedule.

Additional updates included soft pull pre-qualification, customer detail changelog, merge field lookup for document template creation, Avalara integration for automated US sales tax calculation, LoanPaymentPro payment processor integration, 100+ new Flinks scoring attributes, import dictionary for migrating existing business data, Canadian APR compliance, DocuSign pre-configured integration, improved back-office comment collaboration, and UI updates.

Awards & Recognition

• Winner – APAC Insider Singapore Business Awards 2022, “Management Software Provider of the Year”. TurnKey Lender’s Unified Lending Management platform won the Management Software Provider Award at the 2022 Singapore Business Awards. CEO and co-founder Dmytro Voronenko accepted the recognition on behalf of the company.
• Cloud Excellence Awards – TurnKey Lender was named a finalist in the Best Cloud Automation Solution category at the Cloud Excellence Awards by Computing. The nomination recognized the company’s Standard and Enterprise platforms for enabling lenders worldwide to digitize and scale their lending operations.
• Top Performer – FeaturedCustomers Spring 2022, Loan Origination Software & Credit Decisioning.
• Nominated – Benzinga Global FinTech Awards 2022, “Best New Product”. TurnKey Lender’s Standard platform was nominated for the Best New Product award at the annual Benzinga Global FinTech Awards, recognized for its one-stop AI-driven lending automation for businesses, governments, and NGOs.

G2 – Four Quarterly Designations

• Grid® Report for Loan Origination, Spring 2022 – High Performer
• Grid® Report for Loan Origination, Summer 2022 – High Performer
• Grid® Report for Loan Origination, Fall 2022 – High Performer
• Grid® Report for Loan Origination, Winter 2022 – High Performer
• Momentum Grid® Report for Loan Origination, Winter 2022 – Momentum Leader
• Grid® Report for Loan Software, Winter 2022 – High Performer
• Loan Software Relationship Index, Winter 2022 – Runner-up

2022 closed with TurnKey Lender’s calculations engine more configurable than it had ever been, its Australian market presence strengthened through pre-built integrations, and its G2 presence consistent across all four quarters. The v7.9 release in particular reflected the company’s approach of  delivering out-of-the-box what had previously required months of custom development.