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Austin, Texas – (November 20, 2023) – TurnKey Lender, a global provider of AI-powered lending automation and risk management solutions, is recognized as a Leader in four IDC MarketScape reports devoted to decisioning and lending automation for consumer and commercial lenders in North America.
IDC is one of the most respected global market intelligence firms known for its comprehensive and reliable data, offering insights into global market trends and technology. Their research methodology and data collection approaches aim at providing accurate, actionable intelligence.
While TurnKey Lender platform is used by lenders in 50+ countries, North America is the fastest growing market for the company. Inclusion in these competitive MarketScape reports is an important recognition of the growing role of TurnKey Lender’s consumer lending software, commercial lending software, and AI-powered credit scoring and decisioning in North America.
“Working hands-on with lenders who use TurnKey Lender, I see the enormous positive impact it has on their operational costs, portfolio trends, and risk levels.” says Elena Ionenko, COO and co-founder of TurnKey Lender. “Our team is dedicated to becoming the global go-to engine for digital lending businesses. And our inclusion as a leader in these IDC MarketScape reports is an inspiring reflection of the improvements lenders who use TurnKey Lender see.”
About the IDC MarketScape:
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About TurnKey Lender
TurnKey Lender is a global platform that automates lending processes for consumer and commercial finance providers. Non-bank, embedded, and traditional lenders use it as an infrastructure to serve ~100 million borrowers worldwide. The platform automates loan origination, underwriting, servicing, debt collection, and reporting which allows creditors to profitably grow while reducing operational costs and credit risk. Loan decisions and business intelligence powered by proprietary AI ensure accurate credit scoring and increase loan collectability.
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