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Digital Lending Platform Market 2020 Global Industry Share, Growth, Trend, Demand, Top Players, Opportunities and Forecast to 2025

Author : Ronak Bora | Published Date : 2020-09-17 

Digital Lending Platform market will be prominently driven by growing digitization across financial institutions and internet penetration coupled with proliferation of smartphones. Due to rising demand among financial institutions to reduce operating costs through streamlined operations across all borrower and lender interactions, adoption of digital lending platforms is estimated to gain traction.

Digital lending platform integrates advanced technologies, including machine learning, AI, e-signature, biometric-enabled authentication, blockchain and advanced analytics, in order to improve credit risk decision, enable zero human touch monitoring & lending and enhance business decisions that ultimately facilitate smooth money lending process along with efficient monetary tractions.

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.

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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 5   Digital Lending Platform Market, By Component

5.1    Key trends, by component

5.2    Solution

5.2.1    Market estimates & forecast, 2014-2025

5.2.2    Loan Origination System (LOS)

5.2.2.1   Market estimates & forecast, 2014-2025

5.2.3    Loan Management System (LMS)

5.2.3.1   Market estimates & forecast, 2014-2025

5.2.4    Risk & compliance management systems

5.2.4.1   Market estimates & forecast, 2014-2025

5.2.5    Point of Sale (PoS) systems

5.2.5.1   Market estimates & forecast, 2014-2025

5.2.6    Lending analytics

5.2.6.1   Market estimates & forecast, 2014-2025

5.2.7    Collection & recovery system

5.2.7.1   Market estimates & forecast, 2014-2025

5.2.8    Others

5.2.8.1   Market estimates & forecast, 2014-2025

5.3    Service

5.3.1    Market estimates & forecast, 2014-2025

5.3.2    Support & maintenance

5.3.2.1   Market estimates & forecast, 2014-2025

5.3.3    Design & implementation

5.3.3.1   Market estimates & forecast, 2014-2025

5.3.4    Training & education

5.3.4.1   Market estimates & forecast, 2014-2025

5.3.5    Risk assessment

5.3.5.1   Market estimates & forecast, 2014-2025

5.3.6    Consulting

5.3.6.1   Market estimates & forecast, 2014-2025

Chapter 6   Digital Lending Platform Market, By Deployment Model

6.1    Key trends, by deployment model

6.2    On-premise

6.2.1    Market estimates & forecast, 2014-2025

6.3    Cloud

6.3.1    Market estimates & forecast, 2014-2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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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