Press release
Digital Lending Platform Market 2018-2024 By Top Players: Fiserv, Nucleus Software, Newgen Software, Sigma Infosolutions, CU Direct, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies, Built Technologies, Agro
Request for an in-depth table of contents for this report @
https://www.gminsights.com/request-toc/upcoming/3019
Digital Lending Platform Market size is predicted to witness exponential CAGR to 2024 due to the proliferation of smartphones and rapid digitalization. The digital lending platform implies a complete digital experience of loan initiation. The introduction of digital platforms for portfolio management and loan origination assists in meeting the needs of financial institutions and the demands of their client base. Furthermore, stringent government regulations for digital lending will affect the market demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• 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
• Pegasystems
The digital lending platform reduces overheads by around 40%, leading time savings, enhanced revenue, larger growth opportunities, and augmented borrower relationships, allowing lenders to spend time on engaging with clients in building a non-digital relationship and improving the overall business efficiency. The rising competition in the market has led to companies offering enhanced services for augmenting the customer experience to survive the competition, which also has a positive impact on the digital lending platform market.
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.
The major factors hindering market growth include a higher dependence on traditional lending methods and growing cybersecurity concerns among organizations. Furthermore, the lack of digital literacy, mainly in underdeveloped countries, also poses a barrier to the market growth. Hence, it is essential for customers to understand the advantages offered by this platform over the legacy lending methods, which include minimal documentation, no prepayment penalty, and easy & faster processing.
Various solutions covered under the component segment include loan origination, decision automation, loan servicing, portfolio management, loan management, risk and compliance management, and business process management. The decision automation segment is anticipated to grow at the fastest rate as it is essential for digital lending providers such as credit unions, supply chain lenders, and banks to automate their processes for lending or rejecting loan requests. This will assist officials in saving their time over redundant tasks thereby improving business productivity. The business process management solution accounts for the highest revenue in the digital lending platform market as it optimizes the business efficiency by appropriately managing the lending function with the aid of software and services.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/3019
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.
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.
Browse Full Report: https://www.gminsights.com/industry-analysis/digital-lending-platform-market
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.
Browse Related Report:
Membrane Bioreactor (MBR) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Russia, UK, Germany, France, Italy, China, India, Japan, Indonesia, South Korea, South Africa, Brazil) Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
https://www.marketwatch.com/press-release/membrane-bioreactor-mbr-market-2018-global-analysis-opportunities-and-forecast-to-2024-2018-11-20
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Lending Platform Market 2018-2024 By Top Players: Fiserv, Nucleus Software, Newgen Software, Sigma Infosolutions, CU Direct, FIS Global, Roostify, HiEnd Systems, Finastra, Decimal Technologies, Built Technologies, Agro here
News-ID: 1428817 • Views: …
More Releases from Global Market Insights, Inc
Point of Care Ultrasound Market Outlook 2021-2025 | Analogic, Canon Medical Syst …
Growing demand for fast and accurate diagnostic tools is expected to drive point of care ultrasound market growth in the ensuing years. Point-of-care ultrasound (POCUS) has become a standard tool in the emergency department, as it answers to specific clinical queries that narrow differentials, guide clinical therapy, and direct consultations and disposition.
Recent technological advancements have led to the development of miniature POCUS that range from stationary high-end systems to small…
Medical Tourism Market Forecast 2027 By Top Players Asklepios, KPJ Healthcare Bh …
Medical Tourism Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Every year millions of people travel abroad seeking medical treatment and efficient surgical procedures such as cosmetic surgery, cardiovascular surgery, orthopedic and dental surgery which is referred to…
Medical X-ray Market Outlook 2021-2027 | Top Players Siemens Healthcare, GE Heal …
Medical X-ray Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Researchers at Northwestern University have designed a new AI-based platform that analyses lung X-rays and detects COVID-19. The machine-learning (ML) algorithm, named DeepCOVID-XR, was able to outperform a…
Biosensors Market 2021 by Top Industry Players Abbott Laboratories, Bio-Rad Inte …
Biosensors Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
Rising incidences of several serious disorders among the global population has evoked the need to detect these at early stages in order to obtain appropriate treatment on time. This…
More Releases for Technologies
What's Driving the Microprinting Market Growth? Hewlett Packard Enterprise, Hita …
Rising awareness regarding counterfeiting in various sectors is expected to increase microprinting market share over 2019-2025. Increasing fraudulent activities with regards with official documents is encouraging implementation of security printing techniques to detect counterfeiting.
According to OECD (Organization for Economic Co-operation & Development), the trade in pirated and counterfeit goods accounts for 3.3% of global trade. The increased frequency of plagiarism is forcing industries to employ security features to assure authenticity…
Global 3D Sensors Market 2020-Infineon Technologies, Microchip Technology, Omniv …
The Global 3D Sensors Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players Infineon Technologies, Microchip Technology, Omnivision Technologies, PMD Technologies, Softkinetic, Asustek Computer, Cognex Corporation, IFM Electronic GmbH, Intel Corporation, LMI Technologies, Microsoft Corporation of the…
Silicon Photonics Market | Infinera, NeoPhotonics, Avago technologies, Luxtera, …
The lucrative opportunity foreseen to boost silicon photonics market mainly is surging demand for data and telecom communication. Key players such as Cisco are observed as making heavy investments in silicon photonics market for attaining large market share and elevating its global position in silicon photonics market at the market’s nascent stage.
HPC (High Performance Computer) and Data Centers to Lead in Silicon Photonics Market
HPC (High Performance Computer) and data centers…
Global 3D Sensor Market 2018 - Omnivision Technologies, Occipital, Infineon Tech …
The report gives the detailed overview of Global "3D Sensor" Market 2018 and predicts future market trends throughout the forecast period from 2018 to 2025. Also the report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current geographical zones, technology, demand-supply, Consumption, Import, Export, Market Drivers and Opportunities. In this Professional report, we have investigated the principals, players in the market, product type, and market end-client…
Advanced Battery Fuel Cell Material Market companies Exide Technologies, Eco-Bat …
Advanced batteries and fuel cells supplies power to portable and stationary power supplies, uninterruptable power systems; and military equipment and vehicles. Fuel cells are basically electrochemical devices that combine hydrogen and oxygen to produce electricity. Unlike batteries, they can continuously generate and supply electricity till the time fuel source is connected to it. Based on type, the battery materials can be classified into metals (lead, steel, antimony, zinc and other…
3D Sensor Market: Omnivision Technologies, Occipital, Infineon Technologies
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global 3D Sensor Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This report studies the global 3D Sensor market status and forecast, categorizes the global 3D Sensor market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and…
