Global Digital Lending Platform Market Set To Grow At Healthy CAGR Forecast By 2025 With Top Key Players Like Finastra, Decimal Technologies, Built Technologies, Agro, Rupeepower, TurnKey Lender, Docutech

Booming adoption of smartphones coupled with rapid digitization in financial institutions will foster global digital lending platform market share over the forecast timeframe. Credit seekers have increasingly been demanding zero or minimal documentation, approval of collateral-free loans, low rate of interest and flexible repayment methods which have been driving the growth of the market.

The digital lending platform incorporates advanced technologies like biometric-enabled authentication, advanced analytics, blockchain, ML, e-signature and AI which would help improve business security, credit risk decisions as well as enable monitoring and lending with 'zero human touch'. It also allows smooth money lending process and effective monetary tractions.

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Digital lending platform market size is expected to surpass USD 17 billion by the year 2025. This growth has been attributed to the rise in demand from financial institutions like NBFCs and banks to work on the reduction of risks pertaining to frauds and NPAs. Rapid adoption of cloud with the increasing digitization in financial institutions will propel the industry trends.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Fiserv
o Nucleus Software
o Newgen Software
o Sigma Infosolutions
o CU Direct
o FIS Global
o Roostify
o HiEnd Systems
o Finastra
o Decimal Technologies
o Built Technologies
o Agro
o Rupeepower
o TurnKey Lender
o Docutech
o Tavant Technologies
o Temenos

There have been several government initiatives that have favored the use of online payment methods which would limit fraudulent transactions and money laundering. For instance, the government of India had announced demonetization of INR 500 as well as INR 1,000 banknotes in November 2016. This had boosted the use of digital methods of payment in India.

Such initiatives help the financial institutions to secure both financial and personal data of organizations & individuals. This will further help these institutions to check the creditworthiness of all the credit seekers and lower the risks of frauds and NPAs, fueling digital lending platform market trends.

Financial institutions have been increasingly demanding solutions for fast processing, reduced time & cost pertaining to loan processing and documentation as well as for storage, which has been fueling the cloud-based digital lending platform industry. Moreover, it reduces the requirement for maintenance and services while also improving operational efficiency and lowering downtime.

The availability of this business models that charges at every use in software along with other provisions by cloud-based digital lending platform will enhance the flexibility in the future and lower upfront cost for financial institutions.

The cloud-based digital lending platform market is expected to exhibit significant growth prospects over the study time period.

Several favorable government initiatives in the Asia Pacific will help SMEs through formalization and digitization that will support the growth of the economy and create sufficient number of jobs, which will contribute towards the growth of the market.

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Surge in the disposable income at hand will enhance the infrastructure in the Asia Pacific region. Flexible method of payment will raise the number of people seeking credits in the region and further fuel the digital lending platform market growth.

Asia Pacific digital lending platform market size is projected to grow at a CAGR of over 25% over the analysis period owing to the escalating number of fintech firms and several other new entrants in the market.

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