Credit scoring software you can truly make yours
Make faster, more accurate loan decisions with the only credit scoring software you’ll ever want to use.
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Empower your decision-making with TurnKey Lender’s AI-driven credit scoring solution
Traditional & alternative data
TurnKey Lender easily handles traditional and alternative risk assessment and decisioning flows and data sources, boosting credit decisioning accuracy.
Before and after scoring too
You control a reliable digital credit decisioning process with flexible decision rules, award-winning scoring technology, and decision quality
Instant scoring results
Get instant access to comprehensive scoring reports that help you make better decisions about potential borrowers based on accurate, aggregated data.
Reliable auto decisions
Businesses that work with large volumes, can put decisioning on full autopilot. This way, your borrower can get their money deposited in minutes from an intuitive web portal or app.
Sharp decision rules
While adjusting to any decision logic, the system comes with hundreds of pre-configured rules analyzing borrower data and behavior for anything you may need to know.
Interface you enjoy
TurnKey Lender’s credit scoring software is easy to implement, easy to adapt, and even easier to use for you and your staff.
Scoring tailored to business
TurnKey Lender provides accurate credit scoring tailored to different types of businesses, borrower segments, and markets – worldwide.
Unmatched expertise
Our expert business analysts are always on call to help with your credit scoring needs.
Build accurate credit scoring models as unique your needs
Combine traditional & alternative scoring approaches and data sources
Your software processes millions of data points in seconds to help you make accurate decisions quickly and confidently – at every stage of the lending process. Our powerful AI-driven Decision Engine instantly collects all necessary data for business credit scoring – helping you make data-driven credit decisions in less than a second.
Ramp up decisioning speed and accuracy while reducing risk
Proprietary scoring technology uses the data inputs you choose for unmatched credit decisioning accuracy. When needed, the lender adjusts the credit scoring criteria and decision rules within minutes.
Outperform your competitors in reach, decision accuracy, and speed
We specialize in helping lenders grow their loan portfolio by equipping them with the lending automation and credit scoring software they need to make faster, better credit decisions. Reduced costs and risk gives you better loan terms and lasting borrower relationships, so you can retain more clients, get ahead of the competition and scale your business with a platform that can support it.
Educational Resources
White paper: How to automate every part of your commercial lending process
learn moreWhite paper: All you need to know to become a consumer lender – the ultimate 2024 guide
learn moreSetting up automatic loan origination process that meets your requirements in 2024
learn more
World-leading credit scoring software you can trust
Reduce risk and cost while raising profits
- 10% - 35% bad debt rate decrease
- 5-12% more approvals with lowered credit risk
- Approval rate increases by 10% - 25%
- Eliminate human error in the entire lending process.
- The ever-needed edge in agility and speed
Unique credit scoring that’s tailored to your business
- The fastest time to market for a tailor-fit scoring solution
- Hundreds of developed scoring models
- Loan auto-processing takes less than 1 sec
- 130+ experts in machine learning and AI
- Build new models from your historical data
Credit scoring automation praised by the industry
TurnKey Lender was selected as top software choices for SME lenders based on banking capabilities typically required for SMEs and ease-of-use.
Gartner featured TurnKey Lender in a recent report researching automation use cases aimed at modernizing loan origination and improving lending processes.
The Everest Group announced that the TurnKey Lender Loan Origination Software (LOS) leads the market in terms of market vision and capability. According to the study, Turnkey outperforms competing products in terms of ability to deliver complex loan origination…
According to a performance test by Hewlett Packard, TurnKey Lender is a flexible configuration choice on a highly scalable and reliable infrastructure.
Competing in one of the most challenging categories, TurnKey Lender has been selected as the winner of the New Product Innovation Award.
The AI-powered credit scoring solution trusted by businesses across 50+ countries
FAQs
Q:
What is TurnKey Lender’s scoring model development approach?
A:
TurnKey Lender’s scoring model development includes:
- A feasibility study: Assessment of client’s data to build scoring models
- Scoring model development: Build traditional and alternative scorecards and their combinations
- Scoring model maintenance: Calibrations and adjustments
Q:
How does TurnKey Lender’s credit scoring solution work?
A:
Credit scoring in TurnKey Lender is powered by a proprietary AI-powered Decision Engine. It uses self-learning algorithms and deep neural networks to process both alternative and conventional risk assessment data and make a fully automatic loan decision or to provide an underwriting specialist with the in-depth analysis results at a glance. TurnKey Lender Decision Engine comes with everything necessary to plug in your data sources and start processing loan applications. Decision rules and scoring models can be fully adjusted to your needs.
Q:
What is the difference between traditional and alternative scoring?
A:
Traditional scoring is guided by economic theory and business intuition. It’s highly interpretable, easy to implement, and has a proven monitoring procedure. It’s best used for:
- Credit/application
- Fraud prevention
- Financials
- Firmographics
- Behavioral
- Transaction
- Collection
Alternative scoring considers complex non-linear connections between variables. It allows for the automated extrapolation of new borrowers (self-learning) and also automates monitoring and retraining processes. As a result, it’s generally best for:
- Big data
- Mobile
- Smartphone
- Ecommerce
- Social networks
- Psychometric
- Bank account statement
- Skip tracing
- Credit limit management
Q:
How are the scoring models monitored and maintained?
A:
Scoring model calibrations are conducted on a regular basis and adjusted according to each client’s unique credit policy. This ensures that scoring models stay tuned and provide the most precise estimation of creditworthiness. Maintenance services of scoring models include:
- Scoring model performance analysis and evaluation of the borrowers’ segments by ratings through:
- System stability report
- Trend stability assessment
- Report on the analysis of the selected parameters
- A complete report on the parameters o Final scoring report
- Model adequacy report
- Delinquency distribution report
- Adequacy and precision of the scoring model
- Delinquency time analysis
- Delinquency migration report
- Development of recommendations and scoring model calibrations
- Scoring model performance presentations and discussions
- Methodological support on the use/adjustment/implementation of the scoring model
Q:
How to utilize bank statement data in credit scoring and decisioning?
A:
TurnKey Lender uses data from Plaid, Flinks, and others to provide one of the most accurate, quick, and scalable credit scoring approaches on the market. Credit decisions in it are informed by instant analysis of live bank statement data. Enormous amount of unstructured bank statement information is pulled for each loan application. The solution analyzes actionable attributes, converts them into a scorecard that uses advanced AI-based modeling tools to provide the lender with sophisticated and actionable intelligence.
TurnKey Lender’s bank statement scoring solution uses high-precision, adaptive, AI-based algorithms tailor-fit to analyze data from traditional and alternative data sources. The bank statement scoring and credit decisioning rules handle complex non-linear interconnections between variables and provide comprehensive visual credit scoring report and decision engine with flexible API integration.