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Digital Lending Platform Market Size By Component (Solution, Service), By Deployment Model (On-Premise, Cloud), By Business Model (Customer Driven, Staff Driven), By Product (Personal Loan, Automotive Loan, SME Finance Loan, Mortgage Loan), Application, 2023-2032

  • Report ID: GMI3019
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Digital Lending Platform Market size surpassed USD 8.5 billion in 2022 and is anticipated to register 20.5% CAGR from 2023 to 2032. The drastic inclination towards digitization of banking services worldwide will complement the industry growth.

Digital Lending Platform Market

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The integration of digital technologies has enabled safer and faster digital lending solutions. These digital solutions help with loan disbursement, customer acquisition and a wide range of other applications. Rapid penetration of smart technologies and increasing use of the internet in developing countries will proliferate the digital lending platform market demand.

High dependence on traditional lending methods may impede the adoption of digital lending platforms. Lack of awareness and understanding of digital lending solutions in developing regions is a big challenge for lenders. Several under-developed economies are devoid of a robust infrastructure that can support the large-scale requirement of digital financial services.

Need for seamless loan acquisition to boost the implementation of Loan Origination System

Digital lending platform market revenue from Loan Origination System (LOS) segment is projected attain 15% gains through 2032.  LOS offers a suite of benefits to organizations, allowing them to reduce overall expenses, seamlessly onboard customers, ensure regulatory compliance, and competitively underwrite loans. Technological advancements should enable the automation of different stages of LOS including loan application, processing, underwriting, disbursal, and servicing.

Global Digital Lending Platform Market Size By Solution

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Rise in cases of cyberattacks to accelerate the demand for risk assessment services

The risk assessment service type is slated to observe 24% growth during 2023 to 2032. This services allows digital lending platforms to make actionable decisions regarding risk control with the help of efficient risk evaluation. Owing to burgeoning concerns associated with financial crimes and cybersecurity threats, several banks and NBFCs are leveraging digital touchpoints for strengthening crime risk management frameworks.

Fintech firms improving accessibility to personal loan offerings on digital platforms

Personal loan sector accounted for more than 50% of the digital lending platform market share in 2022. Increasing demand for instant loan approval and disbursal for widespread social needs are complementing industry outlook. Fintech firms are upgrading their portfolio of personal loan products with attractive lending options, flexible payment methods, and low-interest rates. For instance, in October 2022, the Indian public sector bank, Bank of Baroda announced that customers can now apply for personal loans online through its digital lending platform.

Surge in online transactions propels digital lending across banks & NBFCs

Digital lending platform market from Banks and NBFCs sector will witness 19.5% growth rate through 2032. The advent of digital banking is driven by changing customer preferences and improving technical capabilities. Digital payments and banking services have eliminated the challenges associated with traditional banking methods. As it is 100% online, customers get control over financial activities remotely.

Substantial investments in digital banking in Europe

Europe Digital Lending Platform Market Size By Country

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Europe digital lending platform market size is poised to expand at over 22% CAGR through 2032. Over the last few years, European countries have perceived a surge in the acceptance of digital lending platforms, offering lucrative business opportunities for leading participants. Several private and public organizations are investing in digital lending platforms to leverage the ongoing popularity of digital banking.

New product launches to augment market development

Some of the leading companies in the digital lending platform industry are Base-Net Informatik AG, ARGO Data Resource Corporation, Built Technologies, Inc., Decimal Technologies Pvt. Ltd., and CU Direct. These competitors are mainly focusing on launching new products that cater to banks and financial institutions. For example, in November 2022, RazorpayX unveiled RazorPayX Digital Lending 2.0, a comprehensive digital solution for fintech firms, to adhere to the latest guidelines on digital lending.

Impact of COVID-19 pandemic on industry trends

The COVID-19 pandemic positively influenced digital lending platform market dynamics. The pandemic spurred the digitization of banking services and resulted in a dramatic rise in the usage of digital payment solutions. It also upgraded the obsolete banking models to offer improved bank and credit union digital lending platforms for faster and more convenient money lending. The advent of cashless transactions and digital banking encouraged many financial firms to spur the availability of mobile loan application options.

This market research report on digital lending platform includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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Market, By Component

  • Solution
    • Loan Origination System (LOS)
    • Loan Management Systems
    • Risk & Compliance Management Systems
    • Point of Sale (POS) Systems
    • Lending Analytics
    • Collection & Recovery System
    • Others
  • Services
    • Support & Maintenance
    • Design & Implementation
    • Training & Education
    • Risk Assessment
    • Consulting

Market, By Deployment

  • On-premise
  • Cloud

Market, By Business Model

  • Customer Driven
  • Staff Driven

Market, By Product

  • Personal Loan
  • Automotive Loan
  • SME Finance Loan
  • Mortgage Loan

Market, By Product

  • Bank & NBFCs
  • Credit Union
  • Fintech Companies
  • P2P Lenders

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Switzerland
  • Asia Pacific
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Southeast Asia
  • Latin America
    • Argentina
    • Colombia
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of digital lending platform exceeded USD 8.5 billion in 2022 and is anticipated to register 20.5% CAGR from 2023 to 2032, according to GMI report.

Digital lending platform industry revenue from risk assessment services is estimated to witness 24% growth through 2032, due to the growing need to prevent financial crimes.

The digital lending platform sector in Europe is poised to attain 22% gains between 2023 and 2032 owing to increasing investments in digital banking services.

Base-Net Informatik AG, Built Technologies, Inc., Decimal Technologies Pvt. Ltd., and CU Direct are some of the major providers of digital lending platforms worldwide.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 488
  • Countries covered: 21
  • Pages: 270
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