TABLE OF CONTENTS
1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SEGMENTATION 20
1.4 YEARS CONSIDERED FOR THE STUDY 20
1.5 CURRENCY 21
1.6 STAKEHOLDERS 21
2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 23
2.1.2 PRIMARY DATA 24
2.1.2.1 Breakup of primaries 24
2.1.2.2 Key industry insights 25
2.2 MARKET BREAKDOWN AND DATA TRAINGULATION 26
2.3 MARKET SIZE ESTIMATION 26
2.3.1 BOTTOM-UP APPROACH 27
2.3.2 TOP-DOWN APPROACH 27
2.4 ASSUMPTIONS FOR THE STUDY 28
2.5 RESEARCH LIMITATIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE DIGITAL LENDING PLATFORM MARKET 33
4.2 DIGITAL LENDING PLATFORM MARKET: MARKET SHARE OF MAJOR SEGMENTS IN NORTH AMERICA 34
4.3 DIGITAL LENDING PLATFORM MARKET, BY SOLUTION, 2018 34
4.4 DIGITAL LENDING PLATFORM MARKET, BY COUNTRY, 2018 35
4.5 MARKET INVESTMENT SCENARIO 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 High proliferation of smartphones and growth in digitalization 37
5.2.1.2 Need for better customer experience 38
5.2.1.3 Stringent government rules and regulations for digital lending 39
5.2.2 RESTRAINTS 39
5.2.2.1 Higher dependency on traditional lending methods 39
5.2.3 OPPORTUNITIES 40
5.2.3.1 Rise in the adoption of AI, machine learning, and blockchain- based digital lending platforms and solutions 40
5.2.3.2 Increase in the demand of advanced digital lending solutions for retail banking 40
5.2.4 CHALLENGES 41
5.2.4.1 Data security and privacy concerns due to increasing cyber-attacks 41
5.2.4.2 Lack of digital literacy in underdeveloped countries 41
5.3 REGULATORY IMPLICATIONS 42
5.3.1 GENERAL DATA PROTECTION REGULATION (GDPR) 42
5.3.2 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI DSS) 42
5.3.3 PAYMENT SERVICES DIRECTIVE 2 (PSD2) 42
5.3.4 KNOW YOUR CUSTOMER (KYC) 43
5.3.5 ANTI-MONEY LAUNDERING (AML) 43
5.3.6 ELECTRONIC IDENTIFICATION, AUTHENTICATION,
AND TRUST SERVICES (EIDAS) 43
5.3.7 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) 43
5.3.8 FEDERAL INFORMATION SECURITY MANAGEMENT ACT (FISMA) 43
5.3.9 GRAMM-LEACH-BLILEY ACT (GLBA) 44
5.3.10 SARBANES-OXLEY ACT (SOX) 44
5.4 USE CASES 44
5.4.1 ADOPTION OF DIGITAL LENDING SOLUTIONS IN THE BANKING INDUSTRY TO UNIFY LOAN PROCESSES 44
5.4.2 IMPLEMENTATION OF DIGITAL LENDING SOLUTIONS IN INSURANCE COMPANIES 44
5.4.3 DEPENDENCE OF FINANCIAL SERVICES COMPANIES ON DIGITAL LENDING SOLUTIONS 45
5.4.4 ADOPTION OF LOAN ORIGINATION SOLUTION AMONG RETAIL BANKS 45
5.4.5 LARGE-SCALE ADOPTION OF DIGITAL LENDING SOLUTIONS FOR COMMERCIAL BANKING 45
5.5 INNOVATION SPOTLIGHT 45
5.5.1 FIDOR SOLUTIONS 45
6 DIGITAL LENDING PLATFORM MARKET, BY COMPONENT 46
6.1 INTRODUCTION 47
6.2 SOLUTIONS 48
6.2.1 ASIA PACIFIC TO WITNESS THE HIGHEST GROWTH RATE IN THE SOLUTIONS SEGMENT 48
6.3 SERVICES 49
6.3.1 NORTH AMERICA TO WITNESS THE LARGEST MARKET SIZE IN THE SERVICES SEGMENT IN 2018 49
7 DIGITAL LENDING PLATFORM MARKET, BY SOLUTION 50
7.1 INTRODUCTION 51
7.2 LOAN ORIGINATION 52
7.2.1 NEED TO STREAMLINE THE END-TO-END LOAN LIFE CYCLE IS LEADING TO THE GROWTH OF LOAN ORIGINATION SOLUTIONS IN THE DIGITAL LENDING PLATFORM MARKET 52
7.3 DECISION AUTOMATION 53
7.3.1 RISING NEED OF DECISION AUTOMATION SOLUTION TO AUTOMATE THE OVERALL LOAN APPROVAL PROCESS 53
7.4 PORTFOLIO MANAGEMENT 54
7.4.1 USE OF PORTFOLIO MANAGEMENT SOLUTIONS ACROSS BANKS, OWING TO THE INCREASING COMPLEXITY TO MANAGE LOAN PORTFOLIOS 54
7.5 LOAN SERVICING 55
7.5.1 NEED FOR LOAN SERVICING SOLUTIONS FUELING THE GROWTH OF DIGITAL LENDING SOLUTIONS 55
7.6 RISK AND COMPLIANCE MANAGEMENT 55
7.6.1 CRITICAL NEED FOR RISK AND COMPLIANCE MANAGEMNET SOLUTIONS TO STREAMLINE ACCOUNTING OPERATIONS ACROSS VERTICALS 55
7.7 LOAN MANAGEMENT 56
7.7.1 USE OF LOAN MANAGEMENT SOLUTION TO EASE THE ENTIRE LOAN LIFE CYCLE MANAGEMENT ACROSS THE BANKING SECTOR 56
7.8 BUSINESS PROCESS MANAGEMENT 57
7.8.1 NEED FOR BUSINESS PROCESS MANAGEMENT SOLUTIONS IN THE FINANCIAL INDUSTRY SURGED THE GROWTH OF DIGITAL LENDING PLATFORM MARKET 57
7.9 OTHERS 58
7.9.1 NEED FOR KYC, API GATEWAY, AND CREDIT BUREAU REPORTING TO CONTRIBUTE TO THE GROWTH IN THE DIGITAL LENDING PLATFORM MARKET 58
8 DIGITAL LENDING PLATFORM MARKET, BY SERVICE 59
8.1 INTRODUCTION 60
8.2 DESIGN AND IMPLEMENTATION 61
8.2.1 NORTH AMERICA EXPECTED TO HAVE THE LARGEST MARKET SIZE IN THE DESIGN AND IMPLEMENTATION SERVICES SEGMENT IN 2018 61
8.3 TRAINING AND EDUCATION 62
8.3.1 EUROPE TO WITNESS THE HIGHEST GROWTH RATE IN THE TRAINING AND EDUCATION SEGMENT OWING TO THE INCREASING NEED FOR ASSISTANCE DURING IMPLEMENTATION 62
8.4 RISK ASSESSMENT 63
8.4.1 INCREASING COMPLEXITY OF CYBER AND FINANCIAL RISK GENERATING THE NEED FOR RISK ASSESSMENT SERVICES 63
8.5 CONSULTING 64
8.5.1 INCREASING AWARENESS OF COMPLIANCE REQUIREMENTS IN THE FINANCIAL INDUSTRY DRIVING THE GROWTH OF CONSULTING SERVICES 64
8.6 SUPPORT AND MAINTENANCE 65
8.6.1 INCREASING NEED FOR ASSISTANCE ON UPGRADES AND TECHNICAL SUPPORT AND IMPLEMENATION DRIVING THE GROWTH OF SUPPORT
AND MAINTENANCE SERVICES 65
9 DIGITAL LENDING PLATFORM MARKET, BY DEPLOYMENT MODE 66
9.2 INTRODUCTION 67
9.3 CLOUD 68
9.3.1 INCREASING NEED TO REDUCE THE OPERATIONAL COST LEADING TO THE GROWTH OF CLOUD-BASED DIGITAL LENDING PLATFORM 68
9.4 ON-PREMISES 68
9.4.1 LARGE ENTERPRISES DEPLOY ON-PREMISES DIGITAL LENDING PLATFOPRM TO ENSURE DATA PRVACY AND SECURITY 68
10 DIGITAL LENDING PLATFORM MARKET, BY VERTICAL 70
10.1 INTRODUCTION 71
10.2 BANKING 72
10.2.1 INCREASING LOAN TRANSACTION VOLUMES ACROSS THE BANKING SECTOR DRIVING THE GROWTH OF DIGITAL LENDING PLATFORM MARKET 72
10.3 FINANCIAL SERVICES 73
10.3.1 NEED TO ENHANCE CUSTOMER EXPERIENCE ACROSS THE FINANCIAL SERVICES DRIVING THE GROWTH OF DIGITAL LENDING PLATFORM MARKET 73
10.4 CREDIT UNIONS 74
10.4.1 NEED FOR AUTOMATION ACROSS CREDIT UNIONS TO ENHANCE THE LENDING PROCESS 74
10.5 INSURANCE COMPANIES 75
10.5.1 NEED FOR DIGITALIZATIONS IN THE INSURANCE VERTICAL TO STRENGTHEN THE LENDING PROCESS AND DEPENDENCY ON THE INTERMEDIATE AGENTS 75
10.6 RETAIL BANKING 76
10.6.1 ADOPTION OF DIGITAL LENDING SOLUTIONS ACROSS RETAIL BANKING TO PROVIDE CUSTOMERS SEAMLESS USER EXPERIENCE 76
10.7 P2P LENDERS 77
10.7.1 INCREASE IN VENTURE FUNDING FOR P2P LENDER DRIVING THE GROWTH OF THE DIGITAL LENDING PLATFORM MARKET 77
11 DIGITAL LENDING PLATFORM MARKET, BY REGION 78
11.1 INTRODUCTION 79
11.2 NORTH AMERICA 80
11.2.1 UNITED STATES 81
11.2.1.1 US accounts for the largest market share in north america during the forecast period 81
11.2.2 CANADA 82
11.2.2.1 Canada is expected to grow at the highest cagr in north america during the forecast period 82
11.3 EUROPE 85
11.3.1 UNITED KINGDOM 85
11.3.1.1 Increasing adoption of omnichannel digital lending solutions by financial institutions will fuel the growth of the market 85
11.3.2 GERMANY 85
11.3.2.1 Organizations continuous focus towards enhanced customer experience will fuel the demand for digital lending solutions in the country 85
11.3.3 FRANCE 86
11.3.3.1 France is expected to grow at highest CAGR due to the heavy investment in digital lending platforms by government and other organizations in the country 86
11.3.4 REST OF EUROPE 86
11.4 ASIA PACIFIC 89
11.4.1 CHINA 90
11.4.1.1 Rapid economic developmentsand the increased proliferation of smartphones are expected to drive the growth of the digital lending platform market in china 90
11.4.2 JAPAN 91
11.4.2.1 Reduced cost, enhanced customer experience, and improved operational efficiency of lending platforms are expected to trigger the growth of the digital lending platform market in japan 91
11.4.3 INDIA 91
11.4.3.1 High adoption of digital lending platforms in various verticals, such as retail and consumer banking, insurance companies, credit unions, and financial institutions will fuel the growth of the digital lending platform market in Japan 91
11.4.4 AUSTRALIA AND NEW ZEALAND (ANZ) 91
11.4.4.1 Increasing adoption of digital lending platforms by organizations for improved productivity will boost the growth of the digital lending platform market in japan 91
11.4.5 REST OF ASIA PACIFIC 92
11.5 MIDDLE EAST AND AFRICA 94
11.5.1 MIDDLE EAST 95
11.5.1.1 Consumers are becoming internet-savvy driving the digital lending platform market in Middle East 95
11.5.2 AFRICA 95
11.5.2.1 Incraesing focus on digitalization of financial sector is driving the growth of digital lending platform market in Africa 95
11.6 LATIN AMERICA 97
11.6.1 BRAZIL 98
11.6.1.1 Rapid surge in the usage of Internet and mobile-based applications in the financial institutions to drive the growth of digital lending platform market in Brazil 98
11.6.2 MEXICO 98
11.6.2.1 Proliferation of cloud based digital technologies aiding the growth of digtial lending platform market in Mexico 98
11.6.3 REST OF LATIN AMERICA 98
12 COMPETITIVE LANDSCAPE 102
12.1 OVERVIEW 102
12.2 COMPETITIVE SCENARIO 104
12.2.1 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS 105
12.2.2 NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS 107
12.2.3 MERGERS AND ACQUISITIONS 109
12.2.4 BUSINESS EXPANSIONS 109
13 COMPANY PROFILES 110
13.1 INTRODUCTION 110
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis and MNM View)*
13.2 FISERV 111
13.3 NEWGEN SOFTWARE 115
13.4 ELLIE MAE 118
13.5 NUCLEUS SOFTWARE 122
13.6 FIS GLOBAL 126
13.7 PEGASYSTEMS 129
13.8 TEMENOS 132
13.9 INTELLECT DESIGN ARENA 135
13.10 SIGMA INFOSOLUTIONS 137
13.11 TAVANT TECHNOLOGIES 139
13.12 DOCUTECH 140
13.13 MAMBU 142
13.14 CU DIRECT 144
13.15 SAGEWORKS 146
13.16 ROOSTIFY 148
13.17 JURISTECH 150
13.18 DECIMAL TECHNOLOGIES 151
13.19 HIEND SYSTEMS 152
13.20 RUPEEPOWER 153
13.21 FINASTRA 154
13.22 ARGO 156
13.23 SYMITAR 158
13.24 TURNKEY LENDER 159
13.25 FINANTIX 160
13.26 BUILT TECHNOLOGIES 161
*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis and MNM View might not be captured in case of unlisted companies.
14 APPENDIX 162
14.1 DISCUSSION GUIDE 162
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 166
14.3 AVAILABLE CUSTOMIZATIONS 168
14.4 RELATED REPORTS 168
14.5 AUTHOR DETAILS 169
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017 21
TABLE 2 GLOBAL DIGITAL LENDING PLATFORM MARKET SIZE AND GROWTH RATE,
2016–2023 (USD MILLION, Y-O-Y %) 30
TABLE 3 DIGITAL LENDING PLATFORM MARKET SIZE, BY COMPONENT,
2016–2023 (USD MILLION) 47
TABLE 4 SOLUTIONS: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 48
TABLE 5 SERVICES: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 49
TABLE 6 DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION,
2016–2023 (USD MILLION) 51
TABLE 7 LOAN ORIGINATION: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 52
TABLE 8 DECISION AUTOMATION: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 53
TABLE 9 PORTFOLIO MANAGEMENT: DIGITAL LENDING PLATFORM MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 54
TABLE 10 LOAN SERVICING: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 55
TABLE 11 RISK AND COMPLIANCE MANAGEMENT: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 56
TABLE 12 LOAN MANAGEMENT: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 56
TABLE 13 BUSINESS PROCESS MANAGEMENT: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 57
TABLE 14 OTHERS: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 58
TABLE 15 DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE,
2016–2023 (USD MILLION) 60
TABLE 16 DESIGN AND IMPLEMENTATION: DIGITAL LENDING PLATFORM MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 61
TABLE 17 TRAINING AND EDUCATION: DIGITAL LENDING PLATFORM MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 62
TABLE 18 RISK ASSESSMENT: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 63
TABLE 19 CONSULTING: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 64
TABLE 20 SUPPORT AND MAINTENANCE: DIGITAL LENDING PLATFORM MARKET SIZE,
BY REGION, 2016–2023 (USD MILLION) 65
TABLE 21 DIGITAL LENDING PLATFORM MARKET SIZE, BY DEPLOYMENT MODE,
2016–2023 (USD MILLION) 67
TABLE 22 CLOUD: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 68
TABLE 23 ON-PREMISES: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 69
TABLE 24 DIGITAL LENDING PLATFORM MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 71
TABLE 25 BANKING: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 72
TABLE 26 FINANCIAL SERVICES: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 73
TABLE 27 CREDIT UNIONS: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 74
TABLE 28 INSURANCE COMPANIES: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION, 2016–2023 (USD MILLION) 75
TABLE 29 RETAIL BANKING: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 76
TABLE 30 P2P LENDERS: DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 77
TABLE 31 DIGITAL LENDING PLATFORM MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 79
TABLE 32 NORTH AMERICA: DIGITAL LENDING PLAFORM MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 82
TABLE 33 NORTH AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 82
TABLE 34 NORTH AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION) 83
TABLE 35 NORTH AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE,
2016–2022 (USD MILLION) 83
TABLE 36 NORTH AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION) 84
TABLE 37 NORTH AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY VERTICAL, 2016–2023 (USD MILLION) 84
TABLE 38 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 86
TABLE 39 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY COMPONENT,
2016–2023 (USD MILLION) 86
TABLE 40 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION,
2016–2023 (USD MILLION) 87
TABLE 41 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE,
2016–2022 (USD MILLION) 87
TABLE 42 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION) 88
TABLE 43 EUROPE: DIGITAL LENDING PLATFORM MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 88
TABLE 44 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 92
TABLE 45 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 92
TABLE 46 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION,
2016–2023 (USD MILLION) 93
TABLE 47 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE,
2016–2022 (USD MILLION) 93
TABLE 48 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION) 94
TABLE 49 ASIA PACIFIC: DIGITAL LENDING PLATFORM MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 94
TABLE 50 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY SUBREGION, 2016–2023 (USD MILLION) 95
TABLE 51 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY COMPONENT, 2016–2023 (USD MILLION) 95
TABLE 52 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY SOLUTION, 2016–2023 (USD MILLION) 96
TABLE 53 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY SERVICE, 2016–2022 (USD MILLION) 96
TABLE 54 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY DEPLOYMENT MODE, 2016–2023 (USD MILLION) 97
TABLE 55 MIDDLE EAST AND AFRICA: DIGITAL LENDING PLATFORM MARKET SIZE,
BY VERTICAL, 2016–2023 (USD MILLION) 97
TABLE 56 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 98
TABLE 57 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 99
TABLE 58 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION,
2016–2023 (USD MILLION) 99
TABLE 59 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE,
2016–2022 (USD MILLION) 100
TABLE 60 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION) 100
TABLE 61 LATIN AMERICA: DIGITAL LENDING PLATFORM MARKET SIZE, BY VERTICAL,
2016–2023 (USD MILLION) 101
TABLE 62 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2018 105
TABLE 63 NEW PRODUCT LAUNCHES/PRODUCT ENHANCEMENTS, 2017–2018 107
TABLE 64 MERGERS AND ACQUISITIONS, 2017–2018 109
TABLE 65 BUSINESS EXPANSIONS, 2017–2018 109
LIST OF FIGURES
FIGURE 1 DIGITAL LENDING PLATFORM MARKET: RESEARCH DESIGN 23
FIGURE 2 DIGITAL LENDING PLATFORM MARKET: BOTTOM-UP APPROACH 27
FIGURE 3 DIGITAL LENDING PLATFORM MARKET: TOP-DOWN APPROACH 27
FIGURE 4 DIGITAL LENDING PLATFORM MARKET SIZE, BY SOLUTION 30
FIGURE 5 DIGITAL LENDING PLATFORM MARKET SIZE, BY SERVICE 31
FIGURE 6 GLOBAL DIGITAL LENDING PLATFORM MARKET SHARE: NORTH AMERICA IS ESTIMATED TO HOLD THE HIGHEST MARKET SHARE IN 2018 31
FIGURE 7 GLOBAL DIGITAL LENDING PLATFORM MARKET, BY VERTICAL: PEER-TO-PEER LENDERS SEGMENT IS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 32
FIGURE 8 GLOBAL DIGITAL LENDING PLATFORM MARKET, BY SOLUTION: BUSINESS PROCESS MANAGEMENT SEGMENT IS ESTIMATED TO DOMINATE THE DIGITAL LENDING PLATFORM MARKET IN 2018 32
FIGURE 9 STRINGENT GOVERNMENT REGULATIONS AND THE HIGH PROLIFERATION OF SMARTPHONES AND DIGITALIZATION OF ORGANIZATIONS WOULD SPUR THE DEMAND FOR THE GLOBAL DIGITAL LENDING PLATFORM MARKET 33
FIGURE 10 DESIGN AND IMPLEMENTATION SOLUTION AND UNITED STATES ARE ESTIMATED TO HAVE THE HIGHEST MARKET SHARES IN THE NORTH AMERICAN
REGION IN 2018 34
FIGURE 11 BUSINESS PROCESS MANAGEMENT SEGMENT IS ESTIMATED TO HAVE THE HIGHEST MARKET SHARE IN 2018 34
FIGURE 12 INDIA IS ESTIMATED TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD 35
FIGURE 13 ASIA PACIFIC IS EXPECTED TO EMERGE AS THE BEST MARKET FOR INVESTMENT IN THE NEXT 5 YEARS 35
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: DIGITAL LENDING PLATFORM MARKET 37
FIGURE 15 GLOBAL PENETRATION OF MOBILE AND INTERNET IN 2018 38
FIGURE 16 TOTAL MONTHLY MOBILE DATA TRAFFIC OF SMARTPHONES, BY REGION 38
FIGURE 17 GLOBAL LITERACY RATES, 2017 41
FIGURE 18 SERVICES SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 47
FIGURE 19 DECISION AUTOMATION SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 51
FIGURE 20 RISK ASSESSMENT SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 60
FIGURE 21 CLOUD DEPLOYMENT MODE IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 67
FIGURE 22 P2P LENDERS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 71
FIGURE 23 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 79
FIGURE 24 NORTH AMERICA: MARKET SNAPSHOT 81
FIGURE 25 ASIA PACIFIC: MARKET SNAPSHOT 90
FIGURE 26 KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE DIGITAL LENDING PLATFORM MARKET FOR 2016–2018 103
FIGURE 27 KEY MARKET EVALUATION FRAMEWORK 104
FIGURE 28 GEOGRAPHIC REVENUE MIX OF MAJOR INDUSTRY PLAYERS 110
FIGURE 29 FISERV: COMPANY SNAPSHOT 111
FIGURE 30 FISERV: SWOT ANALYSIS 113
FIGURE 31 NEWGEN SOFTWARE: COMPANY SNAPSHOT 115
FIGURE 32 NEWGEN SOFTWARE: SWOT ANALYSIS 116
FIGURE 33 ELLIE MAE: COMPANY SNAPSHOT 118
FIGURE 34 ELLIE MAE: SWOT ANALYSIS 121
FIGURE 35 NUCLEUS SOFTWARE: COMPANY SNAPSHOT 122
FIGURE 36 NUCLEUS SOFTWARE: SWOT ANALYSIS 124
FIGURE 37 FIS GLOBAL: COMPANY SNAPSHOT 126
FIGURE 38 FIS GLOBAL: SWOT ANALYSIS 127
FIGURE 39 PEGASYSTEMS: COMPANY SNAPSHOT 129
FIGURE 40 PEGASYSTEMS: SWOT ANALYSIS 130
FIGURE 41 TEMENOS: COMPANY SNAPSHOT 132
FIGURE 42 INTELLECT DESIGN ARENA: COMPANY SNAPSHOT 135