United States
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Retail Lending Software

Increase revenue with Point-of-Sale Financing System

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The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

I strongly recommend the services of Turnkey Lender and I am looking forward to working with the team again.

Berj Arakelian
Allegro Finance
USA

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

We evaluated many systems and are happy to have chosen Turnkey Lender.

Bill Hilliard
CEO
EcoVolt Finance
USA

For me, as the owner of a start-up lending company, it was a little unusual to use this type of product for my business. But, as they say, "Time is money!" That's why it is important for me to use a solution like Turnkey Lender.

Robert Farmer
Owner
QuickPound

eny Finance is fully satisfied with the Turnkey Lender solution and its reliable team. I’m happy to recommend Turnkey Lender lending solution and services.

Bonart Kerimi
CEO
eny Finance AG
Switzerland

The product has the vast majority of the functionality right out of the box, was easily integrated with a credit agency to pull FICO scores and the support team did an outstanding job making our requested customizations.

Christopher Reed
Principal
Shepard Capital Partners
USA

I strongly recommend the services of Turnkey Lender and I am looking forward to working with the team again.

Berj Arakelian
Allegro Finance
USA

Trusted by users:

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Certified:

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Opportunity

Point-of-Sale lending tops $391 billion per year

Established brick-and-mortar retailers lose substantial sales every day as shoppers search the Internet and discount outlets for a better price. With POS lending, smart retailers can close more sales on big ticket products and services before the shopper decides to mull their decision overnight. In fact, a recent financial study showed retailers who don’t offer POS financing risk losing 44% of potential revenue from lost sales and lost up-sell opportunities. And a good percentage of those sales will go to the competition.

point-of-sale
pos

Obstacle

POS financing system competitors armed with fintech tools

Point-of-sale financing has become highly competitive as lenders use mobile apps to deliver a simple, digital-only consumer experience. It’s next to impossible for traditional systems to keep pace with lenders who routinely present pre-populated loan applications and provide quick approvals while the buyer is waiting and watching.

Solution

Fully managed, cutting edge specialized lending software system

Turnkey Lender delivers a comprehensive POS financing platform that’s the foundation for your high performance retail lending operation. The platform completes the decision process in minutes, instead of hours without compromising data security, pricing accuracy or risk tolerance. And the account management system mines customer data for up-sell and cross sell product opportunities to improve customer lifetime value. In addition our proprietary credit scoring algorithms use machine learning and data analysis to monitor credit risk and adjust pricing. You will convert more browsers to buyers, and increase their average basket.

Fully automated POS financing system

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Best practice workflows

Point-of-sale lending is a highly effective way for retailers to close more in-store sales and reduce online basket abandons. Our product helps optimize business digital POS processes and develop the optimal loan approval flow.

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Advanced credit scoring

Your software comes out-of-the-box with a generic scoring template that evolves over time through machine learning. Alternative scoring models are easy to install with APIs.

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Credit decision analytics

It is important to take a step away and analyze decisions. We provide all sorts of analytics so you can review and improve your credit risk strategy. See it for yourself with the free trial!

We offer 14-days free trial. Upgrade or downgrade any moment. Request Free Trial Now

Advantages compared to other retail lending solutions

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Improved portfolio yield

With Turnkey Lender you will optimize portfolio yield by working only with the most profitable customers. Predictive models will help you identify best rate and loan term.

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Increased operational efficiency

Act fast by taking the right decisions, supported by artificial intelligence. You’ll see fewer manual reviews and more first pass approvals.

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Online tool

Turnkey Lender works as a web app, so you can log in from anywhere and work on processing loan applications. There is no need to manually install software on all the desktop computers of your team members.

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Supports all types of loans

Our clients use our software for a payday loan, student loans, auto loans, crowd sourced and peer-to-peer loans. We support micro lending in emerging economies and engage in complex credit bureau eco-systems.

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IT support and customer service

We offer full technical support and we are always here to answer any questions. Our experts will guide you through every step of set up and customization process.

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Affordable investment

Our product is built out of units. You can start small and extend functionality later on. As you grow, the tool will grow with you! Modular approach makes us affordable for solo online lenders and mid-size financial institutions.

On average, here is the difference Turnkey Lender made for our clients:

Operational efficiency
has grown by

283%
Total portfolio profitability
has grown by

49%
Client lifetime value
has grown by

67%
See how we automate every step of online lending:
origination, underwriting, collateral, servicing, collection and reporting.
Request Free Trial Now

from Turnkey Lender Blog

2018: New payday rules, new era for savvy lenders

It looked like new payday loan regulations were set in stone when the CFPB (Consumer Financial Protection Bureau) published their Final Rule on Payday, Vehicle Title and Installment Loans in the Federal Register on November 17, 2017. These restrictive new rules have an effective date of January 16, 2018, and a compliance date of August 19, 2018. Hang on…not so fast.

read full article