TurnKey Lender, a global provider of end-to-end loan origination and loan management software, has been named a Leader and Star Performer in the Consumer Loan Origination Systems (LOS) PEAK Matrix Assessment 2024 by Everest Group.
This report evaluated 24 leading providers in the industry on a global level, ranking them based on their capabilities, market influence, and overall performance.
2024, A Challenging Year for Lenders
This year has been challenging for lenders due to growing compliance requirements, evolving security threats, and AI and machine learning reshaping market dynamics.
On top of that, increased competition and information overload have caused decision paralysis for lenders out there.
In such a challenging environment, the PEAK Matrix Assessment offers valuable insights, presenting a list of providers to help identify the best loan origination solution (LOS) providers for any business.
Key Insights: How the PEAK Matrix Ranks Providers
The report goes beyond simple rankings, examining key trends in the consumer loan origination industry and evaluating the strengths and weaknesses of each provider.
The assessment ranks and provides insights by classifying companies as Aspirants, Major Contenders, Star Performers, and Leaders, based on their ability to successfully deliver products and their market impact.
The assessment also includes:
- Interactions with leading technology providers
- Client reference checks
- Ongoing analysis of the open banking IT services market
As Everest Group explains, the analysis focuses on how these technologies help banks handle profitability, regulatory compliance, and offer personalized services in a competitive financial tech landscape.
What Makes TurnKey Lender a Leader
TurnKey Lender stands out for its exceptional customer service, ease of use, and technological stack, which includes:
- A no-code platform that allows seamless customization
- AI-powered full-scale automation to speed up loan approvals
- Integrated compliance tools tailored to local regulations
- A strong emphasis on security, enhanced by machine learning.
With these advanced features, TurnKey Lender comes out as a trusted choice for financial institutions looking for efficiency, customization, and security in a fast-changing market.
As Dmytro Voronenko, CEO & co-founder of TurnKey Lender, commented:
“The need for an advanced LOS has evolved faster than ever in the last two years. With the rise in regulatory changes, the need for better risk management, and faster loan approvals, financial institutions need a strong and trustworthy partner that can help them grow faster and not fall behind. Given these factors, I’m proud to share that TurnKey Lender has been recognized as a Leader and Star Performer. We believe that true success comes from staying ahead of the curve and driving change. And we’ll continue to lead that charge.”
Media Contact
Company Name: TurnKey Lender
Contact Person: Michal Tomek
Email: Send Email
Country: Singapore
Website: http://www.turnkey-lender.com/
