Digital Lending Platform Market 2018-2024 by Top Players: Agro, Fiserv, Nucleus Software, FIS Global, Roostify, Finastra
The rise in the adoption of advanced technologies such as AI, cloud, and blockchain-based digital lending platforms displays huge growth opportunities for the digital lending platform market.
Sellbyville, DE -- (SBWire) -- 03/26/2019 --North America rules the global digital lending platform market due to new innovations and the adoption of advanced technologies. Various banks operating in this region are adopting the advanced digital lending platform to improve their customer service experience. For instance, in October 2018, HSBC Bank U.S. partnered with Avant, Inc. to launch a digital lending platform. This platform will enable the company's U.S. clients an easier and quicker solution to apply for personal online loans.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Nucleus Software
- Newgen Software
- Sigma Infosolutions
- CU Direct
- FIS Global
- HiEnd Systems
- Decimal Technologies
- Built Technologies
- TurnKey Lender
- Tavant Technologies
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The rise in the adoption of advanced technologies such as AI, cloud, and blockchain-based digital lending platforms displays huge growth opportunities for the digital lending platform market. The adoption of cloud-based technology enables re-defining loan processes, which are aimed at meeting customer expectations and requirements using digital lending technology. The cloud-based platform delivers simplified online lending processes as everything is managed through a secured online platform. The Blockchain technology regulates the lending and borrowing processes through algorithms, delivering enhanced security & authenticity and driving their usage in the digital lending platform market.
Various applications included in the digital lending platform market include credit unions, BFSI, insurance companies, P2P lenders, and retail banking. The P2P lenders application is projected to grow at the fastest rate as they offer a purely digital platform that matches a borrower with an individual or institutional lender, facilitating digital transactions. This platform plays a continuous central role in managing the relationship between the participating parties, supporting repayment & collection processes and easing the lending process.
The cloud-based deployment model is expected grow at the fastest rate in the digital lending platform market. The cloud-based platform supports the requirements of multiple lending verticals such as credit unions, banks, and other equipment leasing companies. This model consists of integrated modules, supporting various phases of the lone cycle and offering a differentiated customer experience.
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Some of the major players operating in the digital lending platform market are Fiserv, Nucleus Software, Newgen Software, Sigma Infosolutions, CU Direct, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies, Built Technologies, Agro, Rupeepower, TurnKey Lender, Docutech, Tavant Technologies, Temenos, and Pegasystems. These players are constantly entering into strategic partnerships and acquisitions with various financial institutions and banks for expanding their market presence and gaining a competitive edge.
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