Digital Lending Platform Market to grow at 20% CAGR from 2019 to 2025

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Digital Lending Platform Market to reach USD 17
billion by 2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Digital Lending Platform Market

• Global Digital Lending Platform Market is set to
  grow from its current market value of more than
  4 billion to over 17 billion by 2025 according
  to a new research report by Global Market
  Insights, Inc.
• Growing adoption of mobile banking services
  driven by rapid digitization trends has fueled
  digital lending platform market size over the
  past few years. Consumer inclination towards
  using digital lenders for automotive loans is
  growing steadily owing to minimal documentation
  required, transparent and quick loan processing,
  as well as lower interest rates compared to
  conventional lending. Increasing implementation
  of software solutions among financial
  institutions to reduce operating costs and
  deliver services via digital channels is
  anticipated to bolster product demand worldwide.

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Continued...

• A digital lending platform will essentially
  reduce operational, business as well as
  regulatory risks in digital lending organizations
  with a responsive and configurable approach. Use
  of digital platforms will cater to the mounting
  demand among financial organizations for enhanced
  customer experience while interacting with
  lenders and borrowers, providing speed and
  transparency. These platforms also improve loan
  collection and repayment methods for institutions
  with efficient real-time loan approval,
  processing and disbursal, which will augment
  digital lending platform market share over the
  forecast period.
• Studies have estimated that 53 of adults
  worldwide will be using smartphones, PCs, tablets
  or smartwatches to avail financial services by
  2021. Cloud-based digital lending platforms are
  already being used by banks and NBFCs to reach
  customers across the globe, informing them about
  the status of their loan payments as well as
  basic account information.

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South Korea Digital Lending Platform Market
Revenue, By Business Model, 2018 2025 (USD
Million)

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Browse key industry insights spread across 330
pages with 489 market data tables 34 figures
charts from the report, Digital Lending Platform
Market in detail along with the table of
contents _at_ https//bit.ly/2TBs6lq Get
sample copy of this research report _at_
https//bit.ly/2TPnABd
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Continued...

• A large number of banks are leveraging the
  opportunity to offer digital lending services for
  expanding their customer base, impacting product
  demand. Moreover, expansion of IoT coupled with
  the cloud computing revolution in digital banking
  will help meet customer expectations by
  redefining loan processes, strengthening digital
  lending platform market outlook. Technology has
  been the driving force in business transformation
  over the years, but the speed at which advanced
  technologies are being launched has reached an
  unprecedented level. Increasing digitalization
  worldwide along with growing adoption of digital
  platforms for conducting business is anticipated
  to stimulate digital lending platform industry
  prospects.
• Digital transformation is not solely based on
  development of new technology, but also an
  organizations ability to accept transformation
  at the intersection of business and people.
  Reportedly, 55 of startups had already switched
  to digital business strategies in 2018 as opposed
  to 38 of conventional organizations.

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Continued...

• Digital Lending Platform Market is driven by
  Increased utilization of internet services
  coupled with changing end-user requirements are
  encouraging financial organizations to shift to
  digital business models for managing consumer
  needs on their choice of channel. Advent of
  advanced technologies such as biometric-based
  authentication, e-signatures, e-mandates, ML, AI,
  advanced analytics and blockchain for mitigating
  fraud and NPAs risk is estimated to bolster
  digital lending platform market expansion.
• Leading market players are relying on strategic
  alliances through mergers and acquisitions to
  enhance product offerings and expand their
  regional presence. Key players comprising digital
  lending platform space are Built Technologies,
  Finastra, Finantix, Nucleus Software, Arena
  Limited and Newgen Software Technologies Limited,
  among several others. Global digital lending
  platform market size is projected to surpass USD
  17 billion in annual revenues by 2025.

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APAC Digital Lending Platform Market Share, By
Region, 2018

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Table OF Content
Chapter 1 Methodology Scope 1.1
Methodology 1.2 Scope 1.3 Definitions 1.4
Methodology and forecast parameters 1.5 Data
Sources 1.5.1 Secondary 1.5.1.1 Paid
sources 1.5.1.2 Public sources 1.5.2
Primary Chapter 2 Executive Summary 2.1
Digital lending platform industry 360 synopsis,
2014-2025 2.2 Business trends 2.3 Regional
trends 2.4 Component trends 2.4.1 Solution
trends 2.4.2 Service trends 2.5 Deployment
trends 2.6 Business model trends 2.7
Product trends
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