TurnKey Lender has signed a partnership agreement with global financial data provider Refinitiv – formerly the Financial and Risk business of Thomson Reuters.
As the teams cooperate to develop global cross-promotional marketing and sales campaigns, both companies expect to see significant benefits for their clients. The ultimate goal of the partnership is to upgrade companies’ respective products and services and simplify KYC and AML screening for regulatory compliance.
TurnKey Lender is going to further streamline the AML and KYC compliance for lenders by implementing Refinitiv’s flagship compliance products into it’s lending automation platform. Company’s clients will get access to Refinitiv’s country-specific and global data sources through the World-Check Risk Intelligence. This will minimize the efforts required for local and international lending regulations due diligence. At the same time, Refinitiv customers will get to improve their lending and compliance processes by utilizing TurnKey Lender’s automated AI-driven decisioning and loan management solutions.
“Refinitiv is delighted to partner with TurnKey Lender. Leveraged on our best-in-class solutions, this partnership will help to accelerate the client onboarding process, enhance the client experience and thereby make TurnKey Lender a more trustworthy player in the highly competitive lending arena. At the same time, as a leading data provider, we are excited to provide value-added service to our global customers,” said Shivkumar Muthukrishnan, Director of Global Partnerships, at Refinitiv.
“We see this partnership as a unique growth and improvement opportunity strengthening both companies. We look forward to enhancing TurnKey Lender’s proprietary lending management solutions by integrating relevant Refinitiv services into them. It will give our clients, both alternative and traditional, another major competitive advantage on the ever-evolving lending market.” said Elena Ionenko, the Head of Business Development at TurnKey Lender.