TurnKey Lender Platform Release Notes

Since its first product launch in 2014, TurnKey Lender has shipped a continuous stream of platform updates devoted to AI-driven credit decisioning, end-to-end loan lifecycle automation, and embedded lending across dozens of markets.

TurnKey Lender Free Edition Launch, November 2017

TurnKey Lender introduced a free version of its SaaS lending platform to support financial inclusion in underdeveloped markets across the Asia-Pacific region. The solution provided small and mid-sized lenders access to AI-driven credit scoring, automated decisioning, and end-to-end digital loan management. This helped lenders reach more unbanked and underserved populations thanks to alternative risk assessment methods and scalable automation of lending processes.

P2P Marketplace Lending System Launch, January 2018

• Launched a comprehensive Marketplace Lending System connecting borrowers and lenders
• Automated AI-powered risk assessment and credit scoring
• Full loan lifecycle management: origination to collections to reporting
• Proprietary credit scoring models for automated risk assessment
• Investor funds management with automated payment share calculations and disbursements
• Consumer/Retail Lending Solution v6.3 October 2018
• Facebook and Google authentication for borrowers and investors
• GDPR compliance with full user data control (optional UI for EU customers)
• Holiday sliding: customizable rules for shifting repayment dates around holidays/weekends
• Reorganized system menu with grouped navigation
• Back-office investment management: add, modify, withdraw investments on behalf of investors
• Batch import of repayments via XLS or CSV
• Regional settings: country, currency, language
• External services management: payment processing, email/SMS, document signing

TurnKey Lender Psychometrics App Launch, March 2019

• Standalone psychometric assessment app for borrowers without credit history
• Evaluates 12 personal trait dimensions: honesty, punctuality, responsibility, money management, confidence, risk likelihood, organizational skills, and more.
• Tracks reading speed, impulsiveness, slider movement patterns, answer changes, and behavior patterns
• Test completion and risk score delivery in as little as 6 minutes
• Optional integration with other TurnKey Lender products for added decisioning layer

TurnKey Lender v7.3 – Retail Financing & P2P Expansion, October 2020

• Full retail financing module: in-house financing, leasing, rent-to-own, dealerships, e-commerce, service providers
• Built-in vendor management portal for e-commerce financing
• Sales tax automation in compliance with regulations
• Application fee and other initial payment support before disbursement
• P2P module: granular credit product settings, investor portal, full ULM integration
• Creditworthiness Class: single AI-driven metric aggregating scorecard, bank, bureau, anti-fraud, network, and geolocation checks
• Automatic loan statement notifications with customizable templates
• Loan Schedule History: view any loan at any past stage
• Fee Ranges: multiple fee ranges per credit product for different borrower segments

TurnKey Lender COVID-era Feature Update, July 2020

• AI-Powered Bank Statement Scoring as primary or supplementary scoring model
• Business KPI Dashboard using machine learning for portfolio and staff performance
• Borrower geolocation tracking and mapping via Gmap integration
• AI-driven employee KPI and performance tracking
• Loan restructuring: change duration, periodicity, calculation type, payment dates
• Rollover, payoff, PTP, and grace period functionality updates
• Customer rating system for collectors and underwriters
• Full Borrower Portal coverage via public API including payments management
• Loan migration tool: self-service import for customers and disbursed loans

TurnKey Lender Paycheck Protection Program (PPP) Solution, April 2020

• End-to-end intelligent automation tailored to PPP lending requirements
• Deployable within 1 business day
• AI-driven credit decisioning with 2-minute pre-qualification
• Pre-configured decision rules aligned to PPP/CARES Act conditions
• Streamlined online PPP application form
• Built-in regulatory compliance updates
• Automated loan collection and payment alerts

TurnKey Lender Mobile App Update – Face & Document Recognition, November 2020

• Face recognition built into mobile app
• Document recognition built into mobile app
• Streamlined 4-step borrower registration: email, ID upload, selfie, questions
• Android device data analysis: phone usage, contacts, call/SMS patterns, apps, battery, roaming
• Geolocation checks: GPS, IP address, travel habits
• Behavioral analysis: typing speed, copy/paste detection, answer changes, impulsiveness
• Anti-fraud and credit policy rules in decisioning flow
• Open sanctions list check
• Optional psychometric test integration

TurnKey Lender v7.4 – Co-Applicants, Loan Offers & Retail Upgrades, January 2021

• Co-applicant/guarantor support
• Loan pre-approval flow with soft checks and conditional offers
• Underwriter ability to modify loan terms and send offer to borrower for confirmation
• Custom loan offer expiry dates with automated reminders
• Automatic loan term adjustments based on Creditworthiness Class via decision rules
• Downpayment and pre-disbursement fee support (percentage, fixed, or range)
• Two new disbursement models: provider-as-lender and platform-for-vendors
• Multi-industry vendor support from a single account
• Three configurable bank statement verification timing options
• Borrower photo attachment on loan application via camera/webcam
• Custom document list configuration in application form from back-office
• Custom investor portal building via API
• API-enabled loan aggregator support
• Vendor public API
• Advanced Plaid and Flinks integration for one-click payments and bank scoring
• Extended Experian US integration: credit report, FICO score, full raw report, business rules
• Welcome page and new loan creation disablement option via system config
• One-click loan application navigation between workplaces
• 200+ merge fields searchable by name and description for notifications
• Permission-based export workplace for vendors

To see TurnKey Lender in action, book an intro call and a demo of the solution that will fit your industry and use case best.