Title: Digital Lending Platform Market Growth Potential & Forecast, 2032
1Digital Lending Platform Market Trends, Analysis
Forecast, 2032
2- As per a recent research report, digital lending
platform market to surpass USD 60 Bn by 2032. - The digital lending platform market is
anticipated to record sizeable growth over 2032.
Digital lending and digital mortgage have emerged
as prominent concepts in the field of online
banking. Over the past few years, the financial
sector has undergone rapid digitization with the
emergence of novel banking needs. - Digital mortgage is rapidly replacing traditional
loan processing systems as it provides a holistic
experience to lenders as well as borrowers.
Lenders are increasingly implementing modern
digital mortgage strategies across targeted
marketing, auditing, loan closing, and lead
generation activities. Owing to the ease and
level of sophistication, a combination of
hyper-automated tools, big data analytics, and
real-time digital mortgage applications are
gaining demand among businesses.
3- In November 2022, Navi Technologies, an Indian
financial service provider, unveiled its
cloud-based real-time co-lending platform, called
Navi Lending Cloud (NLC). The platform aims to
support direct assignment collaboration and
digital management co-lending with banks and
NBFCs. - The digital lending platform market is classified
into component, solutions, service, deployment,
business model, product, application, and region. - Based on solution, Point of Sale (POS) systems
held more than a 10 share of the digital lending
platform industry in 2022. POS systems enable
lenders to source and validate documents and
e-signatures of credit customers and facilitate
conditional decisions instantly. Advancements in
mortgage POS systems allow lenders to process
loans more efficiently and manage large volumes
of data regarding lending rates, borrower
behavior, and risks.
4North America digital lending platform market
share was more than 38 in 2022. Rapid
digitization of banking services in the region
has resulted in the acquisition of open-banking
platforms. A large number of fintech giants in
the U.S. and Canada are ramping up efforts to
digitize lending processes and safeguard
financial services. For instance, in September
2022, J.P. Morgan announced plans to acquire
Renovite Technologies, Inc., a cloud-native
payments technology firm to modernize payment
infrastructure.
- ARGO Data Resource Corporation, Built
Technologies, Inc., CU Direct, Base-Net
Informatik AG, and Decimal Technologies Pvt. Ltd
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al-lending-platform-market
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