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TurnKey Lender offers a comprehensive solution that meets best practices and industry standards by default. This "standard" package can be customized further to meet a specific client’s procedures and requirements. However, since lending practices vary significantly by country and domain, it is crucial to select the appropriate standard solution as the foundation for your system.

What are editions?

Edition is a standard application sharpened for a specific country and domain. There are two main types of editions:

  • Lender Type Editions: SME and Non-SME.

    • The SME edition is aimed at Lenders working with small and medium-sized businesses, i.e. lending funds to legal entities.

    • The Non-SME edition is aimed at lending to private persons.

  • Country Editions: Dedicated settings designed in compliance with the legislation, cultural and language peculiarities, available services, and service providers of each country and domain.

What depends on the edition?

Each specific edition foresees its dedicated settings designed in compliance with the legislation, cultural and language peculiarities, available services, and service providers of each country and domain.

  • Application form: the list of personal details, standard prefixes, possible options in the education, industry, and other drop-downs, phone and address formats and other similar elements of the application form depend on the chosen edition.

  • sorecards:

The following editions are available today:

Using Internation Edition

Our platform offers specialized Country Editions, ensuring compliance with each country's unique regulations and requirements. There are a lot of different settings and default values in

the system which depends on the specified country. For each edition, there are default settings that are used for each country. it should be easy to specify the needed country so that the rest corresponding settings will be set up automatically. From forms to disclaimers to taxes, each Country Edition is meticulously crafted to align with local standards. Moreover, for every country, clients have the option to choose between SME and Non-SME Editions.

SME & Non-SME Editions:

TurnKey Lender Box comes pre-configured and fully equipped for running not only consumer lending operations but business lending as well. SME Editions are tailored to collect legal data, while Non-SME Editions focus on gathering physical data. The loan application flow has been changed to suit corporate borrowers and includes configurable fields for both business details and personal information of the employee who applies for a loan on behalf of that business. This differentiation allows clients to select the edition that best suits their organizational structure and data collection needs.

The Foundation of Customization:

The choice of Country Edition, along with the selection of SME or Non-SME Edition, sets the foundation for the client's journey within the platform. From this point, clients can introduce modifications, such as UI enhancements, system appearance adjustments, and theme customization. They have the flexibility to alter terminology to align with their internal language and branding.

Levels of Changes:

Some settings can be defined at the system configuration level for each Client. Configuration changes can only be requested by the Client and performed by the TurnKey Lender team.

Please notice that each setting has its default values and possible changes so that the Client would know what changes can be requested for both Back-Office Users and Web Portal Users.

Here are some examples of configuration changes:

Collateral settings - Enable/disable the collateral workflow for the instance.

<!-- Enable Collateral Management -->
    <add key="CollateralEnabled" value="true"/>

Flags - Allows creation of flags.

<add key="FlagsOnAccountEnabled" value="true"/>

Multiple offers - Allows providing the customer with more than one offer upon the loan application approval (the customer can choose and confirm any of the provided offers).

 <!-- Enables the Multiple Offers feature -->
    <add key="EnableMultipleOffers" value="false"/>

Integration Possibilities:

Clients have the flexibility to incorporate specific integrations into their products. These include SMS and Email services, remote document signing services, bank account verification, credit bureau checks, etc.

For each integration, there are some basic settings and some settings that depend on the specific service provider in the specific country of operation. Through partnerships with various providers, we offer integration options that enhance the functionality and connectivity of the platform.

More info about integrations here: https://turnkey-lender.atlassian.net/wiki/x/BgAZyw

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