Compare AdviceRobo vs eXtremeDB vs Turnkey Lender

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48%
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62%
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69%
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AdviceRobo screenshot view 3 more eXtremeDB screenshot view 5 more Turnkey Lender screenshot

Software Description:

FinTech AdviceRobo offers an innovative credit scoring. Looking for possibilities to give more people access to a loan at same risk? The AdviceRobo Psychometric Credit Scoring provides additional data to assess the creditworthiness of thin-file applicants so a lender can increase acceptances and decrease defaults in their loan portfolio.

Our experience is that assessing the creditworthiness of applicants for credit can be quite a challenge, especially for thin-file segments like self-employed, start-ups and millennials. This is because of the lack of reliable data and hickups in onboarding due to the paperwork, that leads to high rejects rates.

Based on academic research, we developed an online psychometric credit test to measure creditworthiness. The risk profiling is based on behaviour and motivation, because we know it is not only about the ability to pay but also about the willingness to pay.

In the test, applicants fill out a 10-minute online questionnaire and within seconds the lender gets the applicants credit score and a short profile.
AdviceRobo offers an integratable white label plug-in for a seamless customer experience. Within seconds, the lender gets the applicant’s credit score and a short profile via an application programming interface (API). Based on this, the lender can instantly either approve or reject the applicant.

This technology has been proven to increase acceptance (+18%) at same or better risk levels (up to 38% lower than average default rate).

Also, AdviceRobo provides continuous risk monitoring to predict default and churn based on Machine Learning models. It enables you to pro-actively service those customers that do need attention which improves the customer lifetime value.

The AdviceRobo technology has also been embraced by a wide partnership base that includes Microsoft, KPMG UK and KPMG Netherlands, Mambu and Endava, who offer AdviceRobo's solutions to their customers.

Founded in 2013, AdviceRobo has a client base comprising next-generation banks, credit card providers, mortgage independent financial advisers (IFAs), and microfinance and crowdfunding platforms.

With offices in Amsterdam and London, the company has operations across Europe.

Software Description:

eXtremeDB is an in-memory and/or persistent database system that offers an ultra-small footprint which provides performance benefits for both embedded and server development. eXtremeDB pioneered the in-memory embedded database market and is the database system leader for embedded system (IoT) development. Additional product characteristics enable cutting-edge performance and analytics for time series and Big Data applications.

Competitive advantages:
eXtremeDB databases can be modeled relationally or as objects and can utilize SQL or other APIs, removing development restrictions from engineers who require the fastest and most reliable applications:
- Supports full ACID database properties, High Availability, Clustering, and Sharding
- Public benchmarks prove eXtremeDB is the highest performance and lowest latency DBMS available
- Advanced functions included multiple indexing options, 100+ vector-based math functions, and on-chip analytics

Typical applications:
- IoT application across all markets, Industrial Control, Netcom, Telecom, Defense, Aeronautics, Consumer Devices, Real Time Analytics, Smart Grid, Capital Market trading and risk systems

Key customers include Northrop Grumman, F5 Networks, TNS, DIRECTV, Boeing, GoPro, Audi, TradeStation, Dalian Commodity Exchange, EADS, Samsung Securities, Sandvine, ViaSat and more.

With hundreds of customers and over 28 million devices/applications using the product worldwide, eXtremeDB is proven technology that offers a competitive advantage to our customers.

Software Description:

With our tool, lenders gain automation that delivers operational efficiencies and improved profits. We employ advanced credit scoring with machine learning that increases account approvals without increasing credit risk.

Turnkey Lender supports regulatory compliance and uses customer data protection algorithms. This is a cloud-based platform that is easy to deploy, easy to learn, and easy to use.

The free version includes:

• Borrowers website frontend and backend. Borrowers can select loan size and term, attach documents and chat with the support team.
• Loan origination and underwriting. Loan officers can specify the interest rate, loan amount and set a payment schedule. They can also reject loans or send them for reprocessing. Turnkey Lender will track all the customer interactions.

This loan processing software covers all stages of entire lending lifecycle including borrower management: from loan origination to debt collection. It incorporates best practices from experience serving online lenders and banks. You gain speed and agility while controlling risk with business-driven, adjustable risk parameters.

If you are struggling with cumbersome outdated online loan software when you should be leveraging a fully automated loan management system for origination, credit scoring, and account processing; then this is a tool for you.

Benefits:

Increase operational efficiency: the loan origination and account processing software automates your system. You will increase employee productivity. With Turnkey Lender you will close more of the right kinds of loans faster. This will keep you competitive with online and retail lenders who pre-qualify new applications within minutes.

Grow portfolio profitability: We’ve taken all our expertise in enterprise level decision support and created a cloud-based software platform designed especially for a small to mid-size operation. It’s a great fit for any lender looking for superior-automation in conjunction with advanced credit scoring.

Increase customer lifetime value: Account processing system brings you monthly opportunities for targeted, relevant push communication based on customer behaviors and ongoing credit bureau updates.

These monthly messages up-sell and cross-sell additional products, which maximizes the lifetime value of your client relationships.

Features:
Borrower website frontend and backend, automated loan origination, automated underwriting, servicing, decision rules management, scorecard management, collateral management, collection, reporting.

Features:

  • Analytics
  • Customer Management
  • API
  • Forecasting

Features:

  • Analytics
  • Data Mining
  • Multi-User
  • Notifications
  • Third-Party Plugins/Add-Ons
  • External Integrations
  • Data Import
  • Data Export
  • API

Features:

  • Forecasting
  • Analytics
  • Notifications
  • Dashboard
  • Multi-Currency
  • Multi-User
  • CRM Integration
  • Data Visualization
  • API
  • External Integrations
  • Data Export

Summary:

    No key features associated with this application.

Summary:

    No key features associated with this application.

Summary:

  • An intelligent SaaS for automatic borrowers’ evaluation, decision making and loan management automation

Up to 1000 scores per month

$2.00
1 user(s) / month
Included in plan:
  • Min. monthly charge of 750 scores: Euro 1.500
  • offered as a SaaS solution for 3 years
  • fee per score

Standard

$519.00
1 user(s) / month
Included in plan:
  • Origination
  • Underwriting
  • Servicing
  • Decision rules
  • Decision rules management
  • Turnkey Lender's proprietary built-in generic scorecard
  • Monthly processing volume: up to 800 loans

Free

Free
Included in plan:
  • Borrower website
  • Origination
  • Underwriting

Plus

$667.00
1 user(s) / month
Included in plan:
  • Collateral
  • Monthly processing volume: up to 1000 loans
  • Collection

Premum

$1,100.00
1 user(s) / month
Included in plan:
  • Complete scorecard management
  • Monthly processing volume: up to 1300 loans

FAQs:

    Who are the main user groups of this service?
  • Lenders (mortgages, instalment loans, micro loans), Tier 1 & 2 Banks, Challenger Banks.

  • Does this service offer an API?
  • Service does offer an API.

  • What is this service generally used for?
  • To assess the creditworthiness of (thin file) applicants so lenders can increase acceptances and decrease defaults.

FAQs:

    Does this service offer guides, tutorials and or customer support?
  • Yes. There is detailed documentation, example code, and highly rated technical support available to both customers and those who are evaluating eXtremeDB.

  • Does this service offer multi-user capability (e.g. teams)?
  • Yes. There are many different options available for this, depending on the application requirements.

  • Does this service offer an API?
  • Yes, eXtremeDB offers both a native API as well as an SQL API.

  • What are some applications this service is commonly used in tandem with?
  • eXtremeDB is often used with reporting and graphic tools.

  • Does this service integrate with any other apps?
  • Yes, eXtremeDB supports ODBC and JDBC and can connect to any application that also supports those standards.

  • What platforms does this service support?
  • eXtremeDB supports almost at platform. We commonly see it used on Linux and Windows as well as embedded operating systems like VxWorks and Integrity.

  • What is this service generally used for?
  • eXtremeDB is used to store data that needs to be added, modified, and retrieved rapidly where reliability may also be very important.

  • Who are the main user groups of this service?
  • eXtremeDB is popular for embedded systems as used in IoT in the edge devices and gateways as well as server systems for both IoT and other high performance systems. Common markets are consumer devices, industrial control, netcom, telecom, defense, avionics, medical, as well as capital market systems for high performance and low latency such as trading and risk.

FAQs:

    Does this service offer multi-user capability (e.g. teams)?
  • Yes.

  • Does this service offer guides, tutorials and or customer support?
  • Yes.

  • What platforms does this service support?
  • This is a web app.

  • Who are the main user groups of this service?
  • Cloud lending companies, retailers, microfinance companies, medical & dental companies, payday lenders, lease finance companies, telecom providers.

  • Does this service offer an API?
  • Yes.

  • What is this service generally used for?
  • Lending automation: automated loan origination, underwriting, servicing, decision rules management, scorecard management, collateral management, collection, reporting.

Publisher:

Founded:
-
Based in:
Amsterdam
Employees:
2-10
Likes:
Followers:
1.58k

Publisher:

Founded:
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Based in:
-
Employees:
-
Likes:
Followers:

Publisher:

Founded:
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Based in:
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Employees:
-
Likes:
Followers:

Other:

Who uses AdviceRobo
  • Enterprises
Desktop Platforms:
  • Windows
Mobile Platforms:
  • iOS
  • Android
Languages:
English, Dutch, Spanish
Regional Restrictions:
Global

Other:

Who uses eXtremeDB
  • Startups
  • Enterprises
Desktop Platforms:
  • Windows
Languages:
English
Regional Restrictions:
No restrictions.

Other:

Who uses Turnkey Lender
  • Startups
  • SMEs
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
English
Regional Restrictions:
No restrictions.
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