“It’s a wonderful recognition of our team’s efforts in an extraordinary year,” says Ionenko. “Our company has innovation baked into its DNA — which comes in handy when your core mission is to bring profitable new ideas to the banking space, a sometimes hyper-conservative industry.”
The Innovator of the Year Award is given to an individual whose innovative ideas and creations have had the greatest impact on the financial technology industry for the year.
“We’ve long been a champion of artificial intelligence in lending, and it’s all coming together this year,” says TurnKey Lender CEO and co-founder Dmitry Voronenko. “We’re applying it not just to loan origination, where it’s been used for a while, but to every phase of the loan lifecycle — and businesses around the world have responded with genuine interest.”
In just five years, TurnKey Lender entered over 40 global markets, and provided customization for auto financing, P2P lending, factoring and invoice financing, in-house retail financing, and digital banking.
“We’re determined to continue leading the financial industry as a global leader in Unified Lending Management,” says Ionenko. “This means serving large financial institutions with sophisticated processes and multiple credit products as well as non-lending organizations that want to sell more of their goods and services by providing buy-now-pay-later purchase options to their customers.”
TurnKey Lender’s Unified Lending Solution is an intelligent unified lending management system that automates loan processing from origination to settlement. The digital platform includes a borrower’s portal, instant application processing, risk assessment, decisioning, loan origination, underwriting, servicing, collections, reporting, archiving, and compliance. This allows for better user experiences for lenders and borrowers alike — at a time when seamless digital lending processes are vital.
For TurnKey Lender, the award of the 2020 Innovator of the Year by Finovate to Ionenko is a sign the company is on the right track in driving the industry forward at a critical time in history.