Digital Lending Platform Market by Solution (Loan Management, Lending Analytics, and Others) By Service (Risk Assessments, and Others); By Deployment Mode (Cloud, On-Premise), By End-User (Bank, Others), By Geography, Estimation & Forecast, 2019 – 2026

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Global Digital Lending Platform Market is estimated to reach $3.9 billion in 2019 with a CAGR of 22.4% from 2019 to 2026.
  • Market Definition

    Global digital lending platform market is estimated to reach $3.9 billion in 2019 with a CAGR of 22.4% from 2019 to 2026. A digital lending platform is an online tool used to generate and renew loans. In addition, a digital lending platform is expected to reduce operational, business, and regulatory risks in digital lending organizations. The process of digital lending includes online loan application, online document submission, online verification and authentication of customers, loan recovery, and approval and disbursement of the loan.

    Industry Dynamics

    The growing digitalization in developed as well as developing economies, increasing penetration of the internet and smartphones, and changing customer requirements are encouraging banking and financial institutions to adopt digital lending platforms. In addition, in developing countries, the growing inclination of the younger generation towards digital payments and faster transactions is aiding the market growth. Moreover, the growing adoption of technological advancements such as e-signatures, biometric-enabled authentication, blockchain, Artificial Intelligence (AI), and advanced analytics, to reduce fraud is expected to boost the uptake of digital lending platforms. The increasing number of partnerships and acquisitions between multinational companies and banking organizations is expected to support market growth. For instance, in April 2019, the Laurel Road’s digital lending business was acquired by KeyBank National Association. Similarly, in August 2019, a digital personal loan product was launched by HSBC for the U.S. Consumers. In addition, HSBC utilized Amount LLC’s platform to support this product. Likewise, in August 2018, Google partnered with ICICI Bank Ltd., HDFC Bank Ltd., Federal Bank Ltd., and Kotak Mahindra Bank Ltd for granting consumer loans online in India.

    The growing investments in the fintech sector are also expected to boost the market growth in the coming years. For instance, in 2017, Naspers PayU invested nearly $110 million in Kreditech, a Germany based company. The investment was aimed to assist the company in entering the Indian financing sector.

    Despite several drivers, issues related to privacy and data theft are expected to pose a challenge to the growth of the market. Moreover, excessive dependency on traditional lending methods and digital illiteracy in underdeveloped nations especially in Africa, are anticipated to restrain market growth.

    Market Segmentation

    The global digital lending platform market is mainly classified into solution, service, deployment mode, and end-user. Solution has been segmented into business process management, lending analytics, loan management, loan origination, risk & compliance management, and others. Based on service, the global market has been segmented into training & education, design & implementation, risk assessment, consulting, and support & maintenance. Further, the deployment mode segment has been classified into cloud and on-premise. In addition, based on end-user, the global market has been segmented into banks, insurance companies, credit unions, saving and loan associations, peer-to-peer lending, and others.

    Regional Analysis

    Based on geography, the global digital lending platform market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America has been further divided into the U.S., Canada, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific region has been segmented into India, South Korea, China, Japan, and Rest of Asia-Pacific. Further, the South America region has been classified into Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and the Rest of Middle East.

    North America is the leading region in the global digital lending platform market and is expected to continue its trend throughout the forecast period. The market growth in this region is attributed to factors such as high penetration of digital end-to-end financial platforms, the presence of prominent players, and the established BSFI sector.

    Asia Pacific region is expected to register significant growth during the assessment period. Favorable government initiatives, an increasing number of smartphone users, and the growing number of business or merchants accepting digital payments, and growing digital transactions is anticipated to boost the growth of digital lending platforms in Asia Pacific region. For instance, in India, according to the data published by the National Payments Corporation of India and Reserve Bank of India, in the first six months of the financial year 2019, the number of digital transactions was nearly 11.8 billion.

    Key Players

    Key players operating in the digital lending platform industry include Pegasystems Inc., Newgen Software, Ellie Mae Inc., FIS global, Fiserv, Inc., Nucleus Software, Sigma Infosolutions, Roostify, Tavant, Amount LLC, and Wizni, Inc. Product upgrades, product launches, mergers, and acquisitions are some of the key strategies adopted by prominent players.  For instance, in October 2018, DadeSystems collaborated with Fiserv, Inc. to develop and provide standalone or Saas-based banking solutions to their clients.

    Digital Lending Platform Market Key Segments:

    By Solution

    • Business Process Management
    • Lending Analytics
    • Loan Management
    • Loan Origination
    • Risk & Compliance Management
    •  Others

    By Service

    • Training & Education
    • Design & Implementation
    • Risk Assessment
    • Consulting
    • Support & Maintenance

    By Deployment

    • Cloud
    • On-Premise

    By End-User

    • Banks
    • Insurance Companies
    • Credit Unions
    • Saving And Loan Associations
    • Peer-To-Peer Lending
    • Others

    By Geography

    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Global Digital Lending Platform Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.4. Restraints
    3.5. Opportunities
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Global Digital Lending Platform Market, By Solution
    4.1. Overview
    4.2. Business Process Management
    4.2.1. Market Size & Forecast
    4.3. Lending Analytics
    4.3.1. Market Size & Forecast
    4.4. Loan Management
    4.4.1. Market Size & Forecast
    4.5. Loan Origination
    4.5.1. Market Size & Forecast
    4.6. Risk & Compliance Management
    4.6.1. Market Size & Forecast
    4.7. Others

    5. Global Digital Lending Platform Market, By Service
    5.1. Overview
    5.2. Training & Education
    5.2.1. Market Size & Forecast
    5.3. Design & Implementation
    5.3.1. Market Size & Forecast
    5.4. Risk Assessment
    5.4.1. Market Size & Forecast
    5.5. Consulting
    5.5.1. Market Size & Forecast
    5.6. Support & Maintenance
    5.6.1. Market Size & Forecast

    6. Global Digital Lending Platform Market, By Deployment
    6.1. Overview
    6.2. Cloud
    6.2.1. Market Size & Forecast
    6.3. On-Premise
    6.3.1. Market Size & Forecast

    7. Global Digital Lending Platform Market, By End-User
    7.1. Overview
    7.2. Banks
    7.2.1. Market Size & Forecast
    7.3. Insurance Companies
    7.3.1. Market Size & Forecast
    7.4. Credit Union
    7.4.1. Market Size & Forecast
    7.5. Saving and Loan Associations
    7.5.1. Market Size & Forecast
    7.6. Peer-To-Peer Lending
    7.6.1. Market Size & Forecast
    7.6. Others

    8. Global Digital Lending Platform Market, Region
    8.1. Overview
    8.1.1. Global Market Size & Forecast
    8.2. North America Digital Lending Platform Market
    8.2.1. North America Market Size & Forecast, By Country
    8.2.2. North America Market Size & Forecast, By Solution
    8.2.3. North America Market Size & Forecast, By Service
    8.2.4. North America Market Size & Forecast, By Deployment
    8.2.5. North America Market Size & Forecast, By End-User
    8.2.6. U.S.
    8.2.6.1. Market Size and Forecast
    8.2.7. Canada
    8.2.7.1. Market Size and Forecast
    8.3. Europe Digital Lending Platform Market
    8.3.1. Europe Market Size & Forecast, By Country
    8.3.2. Europe Market Size & Forecast, By Solution
    8.3.3. Europe Market Size & Forecast, By Service
    8.3.4. Europe Market Size & Forecast, By Deployment
    8.3.5. Europe Market Size & Forecast, By End-User
    8.3.6. Germany
    8.3.6.1. Market Size and Forecast
    8.3.7. France
    8.3.7.1. Market Size and Forecast
    8.3.8. UK
    8.3.8.1. Market Size and Forecast
    8.3.9. Italy
    8.3.9.1. Market Size and Forecast
    8.3.10. Spain
    8.3.10.1. Market Size and Forecast
    8.3.11. Rest of Europe
    8.3.11.1. Market Size and Forecast
    8.4. Asia-Pacific Digital Lending Platform Market
    8.4.1. Asia-Pacific Market Size & Forecast, By Country
    8.4.2. Asia-Pacific Market Size & Forecast, By Solution
    8.4.3. Asia-Pacific Market Size & Forecast, By Service
    8.4.4. Asia-Pacific Market Size & Forecast, By Deployment
    8.4.5. Asia-Pacific Market Size & Forecast, By End-User
    8.4.6. Japan
    8.4.6.1. Market Size and Forecast
    8.4.7. China
    8.4.7.1. Market Size and Forecast
    8.4.8. Australia
    8.4.8.1. Market Size and Forecast
    8.4.9. India
    8.4.9.1. Market Size and Forecast
    8.4.10. South Korea
    8.4.10.1. Market Size and Forecast
    8.4.11. Rest of Asia-Pacific
    8.4.11.1. Market Size and Forecast
    8.5. South America Digital Lending Platform Market
    8.5.1. South America Market Size & Forecast, By Country
    8.5.2. South America Market Size & Forecast, By Solution
    8.5.3. South America Market Size & Forecast, By Service
    8.5.4. South America Market Size & Forecast, By Deployment
    8.5.5. South America Market Size & Forecast, By End-User
    8.5.6. Brazil
    8.5.6.1. Market Size and Forecast
    8.5.7. Argentina
    8.5.7.1. Market Size and Forecast
    8.5.8. Rest of South America
    8.5.8.1. Market Size and Forecast
    8.6. Middle East & Africa Digital Lending Platform Market
    8.6.1. Middle East & Africa Market Size & Forecast, By Country
    8.6.2. Middle East & Africa Market Size & Forecast, By Solution
    8.6.3. Middle East & Africa Market Size & Forecast, By Service
    8.6.4. Middle East & Africa Market Size & Forecast, By Deployment
    8.6.5. Middle East & Africa Market Size & Forecast, By End-User
    8.6.6. GCC Countries
    8.6.6.1. Market Size and Forecast
    8.6.7. Egypt
    8.6.7.1. Market Size and Forecast
    8.6.8. South Africa
    8.6.8.1. Market Size and Forecast
    8.6.9. Rest of Middle East & Africa
    8.6.9.1. Market Size and Forecast

    9. Company Profile
    9.1. Pegasystems Inc.
    9.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    9.1.2. Product Category, Application, and Specification
    9.1.3. Financial Performance (2016-2018)
    9.1.4. Strategic Initiatives
    9.2. Newgen Software
    9.3. Ellie Mae Inc.
    9.4. FIS Global
    9.5. Fiserv, Inc.
    9.6. Nucleus Software
    9.7. Sigma Infosolutions
    9.8. Roostify
    9.9. Tavant
    9.10. Amount LLC
    9.11. Winzi, Inc.

    10. List of Tables
    Table 1 Global Digital Lending Platform Market Share, By Solution, 2016-2026 ($Million)
    Table 2 Business Process Management, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 3 Lending Analytics, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 4 Loan Management, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 5 Loan Origination, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 6 Risk & Compliance Management, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 7 Others, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 8 Global Digital Lending Platform Market Share, By Service, 2016-2026 ($Million)
    Table 9 Training & Education, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 10 Design & Implementation, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 11 Risk Assessment, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 12 Consulting, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 13 Support & Maintenance, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 14 Global Digital Lending Platform Market Share, By Deployment, 2016-2026 ($Million)
    Table 15 Cloud, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 16 On-Premise, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 17 Global Digital Lending Platform Market Share, By End-User, 2016-2026 ($Million)
    Table 18 Banks, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 19 Insurance Companies, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 20 Credit Unions, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 21 Saving & Loan Associations, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 22 Peer-To-Peer Lending, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 23 Others, Digital Lending Platform Market Share, By Region, 2016-2026 ($Million)
    Table 24 Global Digital Lending Platform Market Value, 2016-2026 ($Million)
    Table 25 North America, Digital Lending Platform Market Value and Growth Rate, 2016-2026 ($Million)
    Table 26 North America, Digital Lending Platform Market Share Value, By Country, 2016-2026 ($Million)
    Table 27 North America Digital Lending Platform Market Share Value, By Solution, 2016-2026 ($Million)
    Table 28 North America Digital Lending Platform Market Share Value, By Service, 2016-2026 ($Million)
    Table 29 North America Digital Lending Platform Market Share Value, By Deployment, 2016-2026 ($Million)
    Table 30 North America Digital Lending Platform Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 31 Europe Digital Lending Platform Market Value and Growth Rate, 2016-2026 ($Million)
    Table 32 Europe Digital Lending Platform Market Share Value, By Country, 2016-2026 ($Million)
    Table 33 Europe Digital Lending Platform Market Share Value, By Solution, 2016-2026 ($Million)
    Table 34 Europe Digital Lending Platform Market Share Value, By Service, 2016-2026 ($Million)
    Table 35 Europe Digital Lending Platform Market Share Value, By Deployment, 2016-2026 ($Million)
    Table 36 Europe Digital Lending Platform Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 37 Asia Pacific Digital Lending Platform Market Value and Growth Rate, 2016-2026 ($Million)
    Table 38 Asia Pacific Digital Lending Platform Market Share Value, By Country, 2016-2026 ($Million)
    Table 39 Asia Pacific Digital Lending Platform Market Share Value, By Solution, 2016-2026 ($Million)
    Table 40 Asia Pacific Digital Lending Platform Market Share Value, By Service, 2016-2026 ($Million)
    Table 41 Asia Pacific Digital Lending Platform Market Share Value, By Deployment, 2016-2026 ($Million)
    Table 42 Asia Pacific Digital Lending Platform Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 43 South America Digital Lending Platform Market Value and Growth Rate, 2016-2026 ($Million)
    Table 44 South America Digital Lending Platform Market Share Value, By Country, 2016-2026 ($Million)
    Table 45 South America Digital Lending Platform Market Share Value, By Solution, 2016-2026 ($Million)
    Table 46 South America Digital Lending Platform Market Share Value, By Service, 2016-2026 ($Million)
    Table 47 South America Digital Lending Platform Market Share Value, By Deployment, 2016-2026 ($Million)
    Table 48 South America Digital Lending Platform Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 49 Middle East & Africa Digital Lending Platform Market Value and Growth Rate, 2016-2026 ($Million)
    Table 50 Middle East & Africa Digital Lending Platform Market Share Value, By Country, 2016-2026 ($Million)
    Table 51 Middle East & Africa Digital Lending Platform Market Share Value, By Solution, 2016-2026 ($Million)
    Table 52 Middle East & Africa Digital Lending Platform Market Share Value, By Service, 2016-2026 ($Million)
    Table 53 Middle East & Africa Digital Lending Platform Market Share Value, By Deployment, 2016-2026 ($Million)
    Table 54 Middle East & Africa Digital Lending Platform Market Share Value, By End-Use, 2016-2026 ($Million)
    Table 55 Recent Developments

    10. List of Figures
    Figure 1 Global Digital Lending Platform Market Overview
    Figure 2 Global Digital Lending Platform Market Segmentation
    Figure 3 Global Digital Lending Platform Market Drivers
    Figure 4 Global Digital Lending Platform Market Restrains
    Figure 5 Global Digital Lending Platform Market Porter’s Analysis
    Figure 6 Global Digital Lending Platform Market share, By Solution, 2018 VS 2026 (%)
    Figure 7 Global Digital Lending Platform Market share, By Service, 2018 VS 2026 (%)
    Figure 8 Global Digital Lending Platform Market share, By Deployment, 2018 VS 2026 (%)
    Figure 9 Global Digital Lending Platform Market share, By End-User, 2018 VS 2026 (%)
    Figure 10 U.S. Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 11 Canada Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 12 U.K. Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 13 Germany Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 14 France Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 15 Italy Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 16 Rest of Europe Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 17 India Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 18 China Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 19 Japan Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 20 South Korea Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 21 Rest of Asia Pacific Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 22 Brazil Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 23 Argentina Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 24 Rest of South America Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 25 GCC Countries Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 26 Egypt Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 27 South Africa Digital Lending Platform Market share, 2016-2026 ($Million)
    Figure 28 Rest of Middle East & Africa Digital Lending Platform Market share, 2016-2026 ($Million)

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  • Top listed manufacturers for global Digital Lending Platform Market are:

    • ARGO Data Resource Corporation
    • Blend
    • Built Technologies Inc.
    • CU Direct
    • Decimal Technologies Pvt. Ltd.
    • Docutech LLC.
    • Ellie Mae Inc.
    • Finantix Pro SRL
    • Finastra
    • Fidelity National Information Services (FIS) Inc.
    • Fiserv Inc.
    • Intellect Design Arena Ltd.
    • Juristech Sdn Bhd
    • Mambu GmbH
    • MeridianLink
    • MortgageHippo Inc.
    • Newgen Software Technologies Ltd.
    • Nucleus Software Exports Ltd.
    • Pegasystems Inc.
    • Roostify
    • Sageworks (Abrigo)
    • Sigma Infosolutions
    • Symitar
    • Tavant
    • Temenos AG
    • Turnkey Lender

    Product upgrades, product launches, mergers, and acquisitions are some of the key strategies adopted by prominent players. For instance, in October 2018, DadeSystems collaborated with Fiserv, Inc. to develop and provide standalone or Saas-based banking solutions

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