Digital Lending Market

Fiserv (US) and ICE Mortgage Technology (US) are leading players in Digital Lending Market

MarketsandMarkets forecasts the global Digital Lending Market size to grow from USD 10.7 billion in 2021 to USD 20.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. Proliferation of smartphones and growth in digitalization, need for better customer experience, government actions to safeguard digital lending, greater visibility and options for borrowers and lenders, growing demand for digital lending platforms among SMEs, and surge in digital lending during the pandemic are key factors for the growth of the Digital Lending market.

The key and emerging market players in the Digital lending market include Fiserv (US), ICE Mortgage Technology (US), FIS (US), Newgen Software (India), Nucleus Software (India), Temenos (Switzerland), Pega (US), Sigma Infosolutions (US), Intellect Design Arena (India), Tavant (US), Docutech (US), CU Direct (US), Abrigo (US), Wizni (US), Built Technologies (US), Turnkey Lenders (US), Finastra (UK), RupeePower (India), Roostify (US), JurisTech (Malaysia), Decimal Technologies (India), HES Fintech (Belarus), ARGO (US), Symitar (US), EdgeVerve (India), TCS (India), Wipro (India), SAP (Germany), Oracle (US), BNY Mellon (US), and Black Knight (US). These players have adopted various strategies to grow in the Digital Lending market.

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Fiserv is one of the leading providers of digital lending solutions. The company offers electronic payments, digital channels, card services, biller solutions, output services, investment services, and risk management under its payments segment. The company’s various lending solutions include automotive finance, loan servicing, loan origination, and business process outsourcing. In March 2020, Fiserv partnered with Interior Savings Credit Union to enable digital transformation. The credit union implemented Fiserv’s DNA platform to optimize operations.

ICE Mortgage Technology is one of the leading cloud-based loan origination platform providers for the mortgage industry, with solutions that enable lenders to originate more loans, lower the origination costs, and reduce the time to close, all the while ensuring the highest levels of compliance, quality, and efficiency. The company offers Encompass, which empowers lenders to originate more loans, reduce the time to close and make smart business decisions. In September 2020, ICE Mortgage Technology acquired Ellie Mae, a leading digital lending platform provider. The acquisition helped ICE to accelerate the automation of mortgage processes.

Related Reports:

Digital Lending Market by Offering (Solutions (Digital Lending Platforms and Point Solutions) and Services), Deployment Mode (Cloud and On-premises), End User (Banks, Credit Unions, and NBFCs), and Region - Global Forecast to 2026

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Report Code
TC 6739
RI Published ON
10/6/2021
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