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.
Download the PDF brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=34192
Browse the table of contents in depth at “Digital 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
- Digital Lending Platforms Market By Service
- Design and implementation
- Training and education
- Risk assessment
- Assistance and maintenance
- Digital lending platform, by deployment mode
- Digital lending platform, By vertical
- Financial services
- Credit unions
- Retail banking
- P2P lenders
- Digital Lending Platforms Market By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
Browse related reports:
Peer-to-Peer Lending Market (P2P) by type (consumer loans and business loans), by end user (consumer loans, small business loans, student loans and home loans), by geography, forecast, 2020-2027
Block Chain in the Supply Chain Finance Market by product type (IT solution, FinTech, banking, consulting), by application (cross-border payment, trade finance, digital currency, identity management), by geography, forecast, 2020-2027
Digital workplace market By Component (Solutions & Services), By Vertical (BFSI, Telecommunications & IT Services, Media & Entertainment, Manufacturing, Healthcare & Pharmaceuticals & Others), By Geography, Forecast, 2020-2027
Digital Experience Management Market by component (solutions and services), by vertical (banking, financial services and insurance (BFSI), IT and telecommunications, healthcare, manufacturing, media and entertainment and other verticals), by geography, forecast, 2020-2027
Top 10 conversational AI platforms change the course of the customer journey
Visualize Digital Lending Platform Market Using Verified Market Intelligence:
Verified market intelligence is our BI compatible platform for the narrative storytelling of this market. VMI offers detailed trends and accurate information on over 20,000 emerging and niche markets, helping you make critical decisions impacting revenue for a bright future.
VMI provides a holistic overview and global competitive landscape with regard to region, country and segment, and key players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.
Verified Market Research is a leading global research and advisory firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering insightful research studies. We provide insight into strategic and growth analyzes, the data needed to achieve business goals, and critical revenue decisions.
Our 250 analysts and SMEs offer a high level of expertise in data collection and governance using industry techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study over 14 categories of Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Power & Energy, Healthcare, Pharmaceuticals , automotive and transport, information and communication technology, software and services, information security, mining, minerals and metals, building & construction, agricultural industry and medical devices from more than 100 countries.
Mr. Edwyne Fernandes
Verified market research
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768
E-mail: [email protected]
The Web: https://www.verifiedmarketresearch.com/
Follow us: LinkedIn | Twitter
SOURCE Verified market research