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Digital Lending Platform Market Report by Component, Application and Regional Outlook

Author : Ronak Bora | Published Date : 2020-09-08 

Asia Pacific digital lending platform market size is projected to grow at a CAGR of over 25% over the analysis period owing to the escalating number of fintech firms and several other new entrants in the market.

Several favorable government initiatives in the Asia Pacific will help SMEs through formalization and digitization that will support the growth of the economy and create sufficient number of jobs, which will contribute towards the growth of the market.

Surge in the disposable income at hand will enhance the infrastructure in the Asia Pacific region. Flexible method of payment will raise the number of people seeking credits in the region and further fuel the industry growth.

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Digital Lending Platform market is projected to surpass USD 17 billion by 2025. The market growth is attributed to the growing demand among financial institutions, such as banks and NBFCs, to reduce the risk of frauds and NPAs. The growing digitization and rapid cloud adoption across financial institutions are proliferating the market growth.

The integration of advanced technologies, such as AI, ML, blockchain, and advanced analytics, with the digital lending platform secures and quickens loan processing, approval, and disbursal. The rising internet penetration coupled with the proliferation of smartphones across the globe supports the growing use of the digital lending platform to avail loan. Financial institutions deploying these advanced technologies are focusing on specific use cases to improve the cost and functioning of core infrastructure.

The proliferation of smartphones & tablets is supporting digitization across the globe. This helps financial firms to reach out to a wider audience to push their lending products through short advertisement or notification on smartphones & tablets. The emergence of technological advancements, such as e-signature, biometrics, and cloud platforms, to store digital documents has made the digital lending process faster, hassle-free, and cost-efficient.

A large number of banks are leveraging the opportunity to offer digital lending services for expanding their customer base, impacting product demand. Moreover, expansion of IoT coupled with the cloud computing revolution in digital banking will help meet customer expectations by redefining loan processes, strengthening digital lending platform market outlook.

Technology has been the driving force in business transformation over the years, but the speed at which advanced technologies are being launched has reached an unprecedented level. Increasing digitalization worldwide along with growing adoption of digital platforms for conducting business is anticipated to stimulate digital lending platform market prospects.

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Digital transformation is not solely based on development of new technology, but also an organization’s ability to accept transformation at the intersection of business and people. Reportedly, 55% of startups had already switched to digital business strategies in 2018 as opposed to 38% of conventional organizations. This suggests that startups will be accountable for increasing revenue via digital platforms, expanding the scope of digital lending platform market.Leading market players are relying on strategic alliances through mergers and acquisitions to enhance product offerings and expand their regional presence. Key players comprising digital lending platform space are Built Technologies, Finastra, Finantix, Nucleus Software, Arena Limited and Newgen Software Technologies Limited, among several others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Methodology

1.2    Scope

1.3    Definitions

1.4    Methodology and forecast parameters

1.5    Data Sources

1.5.1    Secondary

1.5.1.1   Paid sources

1.5.1.2   Public sources

1.5.2    Primary

Chapter 2   Executive Summary

2.1    Digital lending platform market 360° synopsis, 2014-2025

2.2    Business trends

2.3    Regional trends

2.4    Component trends

2.4.1    Solution trends

2.4.2    Service trends

2.5    Deployment trends

2.6    Business model trends

2.7    Product trends

2.8    Application trends

Chapter 3   Digital Lending Platform Market Insights

3.1    Introduction

3.2    Industry segmentation

3.3    Industry landscape, 2014-2025

3.4    Digital lending platform ecosystem analysis

3.5    Technological & innovation landscape

3.5.1    Artificial Intelligence (AI)

3.5.1    Predictive analytics

3.5.2    Blockchain

3.5.3    Biometrics

3.5.4    Application Processing Interfaces (APIs)

3.5.5    Human digital interface

3.6    Regulatory landscape

3.6.1    North America

3.6.1.1   Gramm-Leach-Bliley Act of 1999, U.S.

3.6.1.2   The Sarbanes-Oxley Act of 2022

3.6.1.3   Federal Information Security Management Act (FISMA)

3.6.1.4   Dodd–Frank Wall Street Reform and Consumer Protection Act

3.6.2    Europe

3.6.2.1   The General Data Protection Regulation (GDPR) (EU)

3.6.2.2   European Market Infrastructure Regulation (EMIR)

3.6.2.3   Anti-Money Laundering Directive 2015/849/EU (AMLD)

3.6.3    Asia Pacific

3.6.3.1   Cybersecurity Law, China

3.6.4    LAMEA

3.6.4.1   Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)

3.7    Digital lending platform Vs traditional lending

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1   Increasing digitalization

3.8.1.2   Adoption of digital channels to improve customer experience

3.8.1.3   Growing penetration of smartphones & tablets

3.8.1.4   Integration of blockchain and AI

3.8.1.5   Supportive government initiatives & regulations

3.8.2    Industry pitfalls & challenges

3.8.2.1   Reluctance to adopt digital financial services

3.8.2.2   Data safety & security issues

3.8.2.3   Lack of digital literacy in developing countries

3.9    Growth potential analysis

3.10        Porter’s analysis

3.11        PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/digital-lending-platform-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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