SAN JOSE, Calif.--(BUSINESS WIRE)--The FinovateSpring 2017 panel of judges has chosen Turnkey Lender 7.0 as a featured product to be presented at this year’s conference in San Jose on April 26-27. It’s one of several exciting new products and/or new releases recognized for innovation in the financial technology arena. Turnkey Lender 6.0 was a featured product at FinovateAsia 2016 last fall.
Turnkey Lender 7.0 introduces new functionality that improves the user experience by catering to the individual, instead of the organization as a whole. Plus it continues to allow for fast, easy set-up without the need for technical support.
This latest version includes 9 new upgrades. According to Dmitry Voronenko, CEO, “Our team is thrilled to be chosen to demo again at such a high profile industry event. We’re a customer-centric organization that designs and deploys new features based on customer needs and wants, which you’ll clearly see in our new release.”
Alternative and online lenders are working hard to maintain an edge in the fiercely competitive non-bank lending arena. They gain efficiencies by leveraging software that automates processes, improves credit decisions and reduces risk. Turnkey Lender 7.0 was driven by this ongoing demand for fintech products that provide a custom experience without custom programming.
Individual users can configure their system according to language, culture and format preferences. And they can configure customer charges like origination fees and late fees for individual credit products instead of the entire application. In addition they can leverage even more alternative rules for custom credit scoring, including social networks scoring, behavioural scoring and mobile devices usage scoring .
One of the fastest growing areas of non-bank lending is peer-2-peer lending or marketplace lending. The new release provides complete P2P lending support, including improved GUI and configurable features.
Turnkey Lender 7.0 is available as Apple iOS and Android mobile app. So lenders, loan prospects and current payers enjoy omni-channel access to the same system they get on their desktop computer. The beta version is currently available as a download on Google Play.
Interested lenders can contact Turnkey Lender for a platform demo or sandbox access.
About Turnkey Lender: Turnkey Lender is a global leader in decision automation and loan management for the non-bank lending industry. Turnkey Lender SaaS is a great fit for any lender looking for superior automation in conjunction with advanced credit scoring and analytics.