$ 27.07 Billion Digital Lending Platforms Market, Globally, by 2028 at 18.13% CAGR: Verified Market Research ™

Strong initiatives by financial institutions to improve customer experience and the government’s strict digital lending rules are expected to drive market expansion throughout the forecast period.

JERSEY CITY, NJ, July 14, 2021 / PRNewswire / – Verified Market Research recently published a report, “Digital Lending Platforms Market“By solution (Business Process Management, Loan Management, Lending Analytics), By service (Design and implementation, Risk assessment, Consulting), By deployment mode (Cloud, On-premise), By vertical (Banking, Financial services) , Insurance), and by geography.According to verified market research, the global digital lending platform market has been valued at $ 7.14 billion in 2020 and should reach $ 27.07 billion by 2028, with a CAGR of 18.13% from 2021 to 2028.

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Browse the table of contents in depth atDigital Lending Platforms Market

202 – Slips
126 – Tables
37 – Figures

Global Digital Lending Platform Market Overview

To adapt to customer needs and a growing preference for online finance services, BFSI companies are rapidly implementing digital business models. Digitization, in particular, allows BFSI companies to allow customers to choose the channel of their preference. According to Insider Intelligence’s Mobile Banking Competitive Advantage Study, 89% of respondents said they use mobile banking. Additionally, 97% of Millennials reported using mobile banking. Currently 1.9 billion customers worldwide use online banking Online banking applications, in particular, can help financial service providers adapt to changing business conditions and protect their existing markets respective. As a result, the increased use of online banking channels is expected to drive demand for digital lending platforms shortly.

Key developments in Digital Lending Platforms Market

  • In november 2018, Fiserv worked with DadeSystems, a provider of payment processing solutions. The two organizations will work together to create and deliver SaaS or standalone banking products to their integrated business customers.
  • In October 2020, Roostify has entered into a collaboration agreement with Google Cloud to use the artificial intelligence (AI) and machine learning (ML) capabilities of Google Cloud to help lenders process mortgage applications faster and more effectively.

The main market players are Fiserv (United States), Newgen Software (India), Ellie Mae (WE), FIS (United States), Mambu (Germany), CU Direct (United States), Argo (United States), Sigma Infosolutions (United States), Tavant Technologies (United States), Docutech (United States), Roostify (United States).

Verified market research segmented the global digital lending platform market on the basis of solution mode, service, mode of deployment, vertical, and geography.

  • Digital Lending Platforms Market By Solution
    • Process management
    • Loan Analysis
    • Loan management
    • Origin of the loan
    • Risk and compliance management
    • Other
  • Digital Lending Platforms Market By Service
    • Design and implementation
    • Training and education
    • Risk assessment
    • Consultant
    • Assistance and maintenance
  • Digital lending platform, by deployment mode
  • Digital lending platform, By vertical
    • Banking
    • Financial services
    • Insurance
    • Credit unions
    • Retail banking
    • P2P lenders
  • Digital Lending Platforms Market By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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Visualize Digital Lending Platform Market Using Verified Market Intelligence:

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