TurnKey Lender Named as Best Solution in Multiple Categories in Retail Loan Origination Systems Report by Aite Group
The Aite Group, Boston-based research, and advisory firm focusing on financial business, technology, and regulatory issues, released a Retail Loan Origination System Matrix Report this week with an analysis of the lending market’s trends and key players.
In the report, TurnKey Lender’s Unified Lending Management (ULM) Solution is featured as a leader in the Client Strength and Product Features categories and won the Global Innovator Award.
According to the report, “Any lender getting established in the consumer loan market should consider TurnKey Lender’s ULM platform. The company serves emerging and mature lenders across the globe with a platform that can accommodate both consumer and commercial loans, as well as the entire loan life cycle from origination to collection.
A distinguishing factor that may make the ULM platform particularly well-suited for fintech startups is the relative affordability of the solution and the quick time to market. The ULM platform allows for customization of business rules, scorecards, and credit models to suit lenders that need the ability to stay nimble in terms of the products they offer and their decisioning criteria.
TurnKey Lender is also well-versed in the use of AI to inform decisioning and collections processes for those lenders looking to incorporate this additional tool into their loan life cycle to better harness all manner of data.”
“Digital lending is an enormous business opportunity that retailers can’t ignore in the post-COVID economy. TurnKey Lender’s Unified Lending Management puts the entire lending process, including AI-driven loan origination, on autopilot. We’re proud to get the recognition from the peers and win the Global Innovator Award for the Retail Loan Origination System we offer. ” – commented Elena Ionenko, Co-Founder and Head of Business Development at TurnKey Lender.
About TurnKey Lender
TurnKey Lender is a provider of award-winning AI-based loan origination and management software that is changing how businesses everywhere succeed. The company puts lending software in the hands of businesses of all sizes, using proprietary technology that securely digitizes every step of credit management and the loan lifecycle. Lenders who utilize TurnKey Lender speed up loan decisioning, getting system decisions in under 30 seconds, grow portfolio profitability, utilizing AI-powered scoring models and business rules that increase portfolio profitability by 49%, increase operational efficiency, customer satisfaction and client lifetime value. Frost & Sullivan awarded TurnKey Lender with the New Product Innovation Award and G2 Crowd awarded TurnKey Lender as the Loan Origination Leader.
About Aite Group
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots, and delivering insights to make their businesses smarter and stronger.