TurnKey Lender Among The Top Digital Lending Platforms

TurnKey Lender’s AI-powered software combined with the alternative scoring methodologies and proprietary algorithms have secured the company a place among the leading digital lending platforms on the market. RnR Market Research published an in-depth study of the digital lending platform market with a granular industry overview in different regions and segments. The report included analysis by solutions in loan origination, decision automation, portfolio management, risk & compliance management, loan management, and business process management.

RnR Market Research is a renowned company with a database of over 100,000 market reports from the world’s leading publishers. The Digital Lending Platform Market research includes fourteen chapters devoted to the industry as a whole, history of lending technology, analysis by solutions, specific services, verticals, and regions. The research also includes a global forecast for the lending platforms’ future up to 2023.

According to RnR, by 2023 the market is expected to reach $12.1 billion, compared to $5.1 billion in 2018. The Compound Annual Growth Rate (CAGR) during the period is forecast to equal 18.7%. The major factor contributing to the staggering market growth is the increased use of smartphones and mobile devices to which organizations react by continued focus on digitizing their financial services.

About Turnkey Lender

Turnkey Lender is a global leader in credit scoring, decision automation, and loan management. Turnkey Lender's multiple award-winning SaaS platform is an intelligent end-to-end solution for complete automation of lending operations conducted by both non-bank lenders and banks. The solution supports all stages of a loan life cycle – from application processing and automated decision making to collections and reporting. The system can be easily integrated with any internal and external data sources and services for automatic data retrieval and processing. Turnkey Lender minimizes credit risks through advanced scoring/screening of applicants utilizing a comprehensive set of reports thereby dramatically reducing the cost of lending for lenders and borrowers. Turnkey Lender software is widely accepted as a benchmark solution for consumer lending, microfinance, payday loans, auto loans, mortgages, SME loans, factoring, P2P and other diverse types of lending operations.

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