North American Consumer Lending Decisioning Platforms Assessment

This document is an IDC MarketScape report that evaluates consumer lending decisioning platforms in North America for the years 2023-2024. It outlines the current challenges faced by financial institutions, particularly in the context of rising interest rates and liquidity issues. The report discusses the importance of technology solutions in maintaining profitability within lending operations and highlights the shift towards artificial intelligence and cognitive technologies for improving loan origination and credit decisioning processes. The document also details the vendor inclusion criteria used for the assessment, which includes established reputations, production solutions, and front-end and back-end functionalities for consumer loans. Additionally, it provides advice for technology buyers on vendor selection and internal preparation for implementing these solutions. The report includes vendor summary profiles, with TurnKey Lender highlighted as a leader in the market, showcasing its strengths and challenges in the consumer lending landscape.