Lending

Turnkey Lender Collaborates With Hewlett Packard To Offer Improved Lending Solutions

by Company Announcement August 6, 2018

Cloud-based lending software provider Turnkey Lender have announced that it will collaborate with Hewlett Packard Enterprise to offer its software on HPE ProLiant for Microsoft Azure stack, a hybrid cloud platform.

The announcement builds on the success of an initial benchmark test at HPE’s Customer Technology Centre in Singapore.

Founded in 2014, Turnkey Lender supplies lending enterprises with open, secure and integrated end-to-end lending automation solutions. These span the entire life cycle of loans, including the applications process, credit scoring, decision-making, loan-servicing, soft collection and reporting stages.

Turnkey Lender CEO, Dmitry Voronenko, noted how the collaboration would fast-track lenders’ ability to scale their businesses:

Dmitry Voronenko

“With the growth of digital lending opportunities and speed of digital transformations, lenders need a complete infrastructure ready to be used immediately with the ability to seamlessly scale up as their business grows.”

Lenders would be able to increase operational efficiency, and improve accuracy in making decisions on loans, for one.

Additionally, they would also be able to improve yields and boost profits through automated processes, employing predictive analytics and leveraging access to additional data sources via APIs.

These span the areas of consumer lending, microfinance, auto loans, mortgages, SME loans, in-house financing, P2P and mobile lending, amongst others.

Kong Hoe Chan, HP

“With HPE ProLiant for Microsoft Azure Stack, [lenders] are able to process large amounts of data with little to no latency. Should their workload needs require public cloud resources, the solution seamlessly integrates with Microsoft Azure public cloud, creating a true hybrid cloud experience,” commented Kong Hoe Chan, Solution Sales General Manager at Hewlett Packard Enterprise’s Asia Pacific hub.

He further noted how the new collaboration would boost HP’s competitive edge in the long run:

“Large financial and telecom organizations are under pressure to gain a competitive edge, and are looking to utilize new technologies that drive customer loyalty and revenue growth while simultaneously reducing cost.”

Featured Image credit: Edited from Unsplash