The North America Digital Lending Platform Market is expected to witness market growth of 19% CAGR during the forecast period (2019-2025).
A digital lending platform helps with configurable and responsive approach to mitigate operational, business, and regulatory risks among digital lending organizations. In order to boost market growth, the rising demand for virtual lending platform between financial institutions to reduce operating costs by modernizing operations across all borrowers and lenders is expected. In addition, growing customer requirements and increasing internet service adoption are also pushing banking, financial services, and insurance companies to migrate to digital business models. This further helps organizations with their channel selection to meet their customer requirements.
In order to accelerate market growth, technological advances such as e-mandates, biometric-enabled encryption, e-signatures, blockchain, artificial intelligence (AI), machine learning, and advanced analytics are expected to reduce fraud. For end-to-end digital platforms, a digital lending platform helps respond to the growing demand among financial institutions for improved customer experience. The digital lending platform also provides flexibility and acceleration to borrowers and lenders with an omnichannel customer experience. A higher consumer demand and expectation level is also expected to drive the market towards transparent transaction processes.
North America dominated the market in 2018 and the projected period is expected to continue to dominate. This supremacy can be attributed to the involvement of key players, advances in technology, and high demand for end-to-end digital financial solutions. The financial institutions are digitalizing their services to improve their customer experience due to the existence of a large number of mobile workforces in the region. To separate themselves from competitors, financial institutions in the region are bringing digital technologies significantly into their offerings to retain a significant competitive edge.
Based on Component, the market is segmented into Solutions and Services. The Solutions Segment id further bifurcated into Business Process Management, Loan Origination, Loan Management, Risk & Compliance Management, Lending Analytics and Others. The Services segment is further categorized into Integration & Deployment, Training, Education & Consulting and Support & Maintenance. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Banks, Insurance Companies, Peer-to-Peer Lending, Credit Unions, Savings & Loan Associations and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ellie Mae, Inc., Fidelity Information Services (FIS), Inc., Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems, Inc., Roostify, Inc., Sigma Infosolutions Ltd., Tavant Technologies, Inc., Wizni, Inc., Temenos AG, and Abrigo, Inc.
Scope of the Study
Market Segmentation:
By Component
By Deployment Type
By End User
By Country
Companies Profiled
Unique Offerings from the Publisher
A digital lending platform helps with configurable and responsive approach to mitigate operational, business, and regulatory risks among digital lending organizations. In order to boost market growth, the rising demand for virtual lending platform between financial institutions to reduce operating costs by modernizing operations across all borrowers and lenders is expected. In addition, growing customer requirements and increasing internet service adoption are also pushing banking, financial services, and insurance companies to migrate to digital business models. This further helps organizations with their channel selection to meet their customer requirements.
In order to accelerate market growth, technological advances such as e-mandates, biometric-enabled encryption, e-signatures, blockchain, artificial intelligence (AI), machine learning, and advanced analytics are expected to reduce fraud. For end-to-end digital platforms, a digital lending platform helps respond to the growing demand among financial institutions for improved customer experience. The digital lending platform also provides flexibility and acceleration to borrowers and lenders with an omnichannel customer experience. A higher consumer demand and expectation level is also expected to drive the market towards transparent transaction processes.
North America dominated the market in 2018 and the projected period is expected to continue to dominate. This supremacy can be attributed to the involvement of key players, advances in technology, and high demand for end-to-end digital financial solutions. The financial institutions are digitalizing their services to improve their customer experience due to the existence of a large number of mobile workforces in the region. To separate themselves from competitors, financial institutions in the region are bringing digital technologies significantly into their offerings to retain a significant competitive edge.
Based on Component, the market is segmented into Solutions and Services. The Solutions Segment id further bifurcated into Business Process Management, Loan Origination, Loan Management, Risk & Compliance Management, Lending Analytics and Others. The Services segment is further categorized into Integration & Deployment, Training, Education & Consulting and Support & Maintenance. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Banks, Insurance Companies, Peer-to-Peer Lending, Credit Unions, Savings & Loan Associations and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ellie Mae, Inc., Fidelity Information Services (FIS), Inc., Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems, Inc., Roostify, Inc., Sigma Infosolutions Ltd., Tavant Technologies, Inc., Wizni, Inc., Temenos AG, and Abrigo, Inc.
Scope of the Study
Market Segmentation:
By Component
- Solution
- Business Process Management
- Loan Origination
- Loan Management
- Risk & Compliance Management
- Lending Analytics
- Others
- Services
- Integration & Deployment
- Training, Education & Consulting
- Support & Maintenance
By Deployment Type
- On-premise
- Cloud
By End User
- Banks
- Insurance Companies
- Peer-to-Peer Lending
- Credit Unions
- Savings & Loan Associations
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Ellie Mae, Inc.
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- Newgen Software Technologies Limited
- Pegasystems, Inc.
- Roostify, Inc.
- Sigma Infosolutions Ltd.
- Tavant Technologies, Inc.
- Wizni, Inc.
- Temenos AG
- Abrigo, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Digital Lending Platform Market by Component
Chapter 5. North America Digital Lending Platform Market by Deployment Mode
Chapter 6. North America Digital Lending Platform Market by End User
Chapter 7. North America Digital Lending Platform Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Ellie Mae, Inc.
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- Newgen Software Technologies Limited
- Pegasystems, Inc.
- Roostify, Inc.
- Sigma Infosolutions Ltd.
- Tavant Technologies, Inc.
- Wizni, Inc.
- Temenos AG
- Abrigo,
Methodology
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