TurnKey Lender Signs Partnership Agreement with Refinitiv

TurnKey Lender, an award-winning provider of decision management and lending automation solutions, has signed a partnership agreement with Refinitiv, which is a financial and risk business of a media giant, Thomson Reuters.

As the teams cooperate to develop global cross-promotional marketing and sales campaigns, both companies expect to see significant benefits for their clients. The ultimate goal of the partnership is to upgrade companies’ respective products and services and simplify KYC and AML screening for regulatory compliance.

TurnKey Lender is going to further streamline the AML and KYC compliance for lenders by implementing Refinitiv’s flagship compliance products into it’s lending automation platform. Company’s clients will get access to Refinitiv’s country-specific and global data sources through the World-Check Risk Intelligence. This will minimize the efforts required for local and international lending regulations due diligence. At the same time, Refinitiv customers will get to improve their lending and compliance processes by utilizing TurnKey Lender’s automated AI-driven decisioning and loan management solutions.

“Refinitiv is delighted to partner with TurnKey Lender. Leveraged on our best-in-class solutions, this partnership will help to accelerate the client onboarding process, enhance the client experience and thereby make TurnKey Lender a more trustworthy player in the highly competitive lending arena. At the same time, as a leading data provider, we are excited to provide value-added service to our global customers,” said Shivkumar Muthukrishnan, Director of Global Partnerships at Refinitiv.

“We see this partnership as a unique growth and improvement opportunity strengthening both companies. We look forward to enhancing TurnKey Lender’s proprietary lending management solutions by integrating relevant Refinitiv services into them. It will give our clients, both alternative and traditional, another major competitive advantage on the ever-evolving lending market.” said Elena Ionenko, the Head of Business Development at TurnKey Lender.

About Refinitiv:

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community. Company’s solutions drive performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About TurnKey Lender

Turnkey Lender is a global leader in credit scoring, decision automation, and loan management. Turnkey Lender’s multiple award-winning SaaS platform is an intelligent end-to-end solution for complete automation of lending operations conducted by both non-bank lenders and banks. The solution supports all stages of a loan life cycle – from application processing and automated decision making to collections and reporting. The system can be easily integrated with any internal and external data sources and services for automatic data retrieval and processing. Turnkey Lender minimizes credit risks through advanced scoring/screening of applicants utilizing a comprehensive set of reports thereby dramatically reducing the cost of lending for lenders and borrowers. Turnkey Lender software is widely accepted as a benchmark solution for consumer lending, microfinance, payday loans, auto loans, mortgages, SME loans, factoring, P2P and other diverse types of lending operations.