The Latin America, Middle East and Africa Digital Lending Platform Market would witness market growth of 23.8% CAGR during the forecast period (2019-2025). Digitization has been the most widely adopted technique in financial institutions to develop their core management skills and to provide enhanced products and insights to customers. Digitization of financing services helps financial institutions and their customers in the process of rapid application and disbursement. It also helps to make better decisions on loan management. Financial institutions' increasing focus on digitalizing their services in order to achieve business efficiency and better results is also expected to contribute to market growth.
The emergence of digitalization and the on-going focus of organizations on digitalizing their financial services, accompanied by strict government regulations, help the vertical banking retain the largest vertical market size on the market. The initial acceptance of commercial and mortgage banks to actively manage the entire lifecycle of loans, including credit origination, management, storage and underwriting, loan funding and closing, data analysis and regulatory compliance, loan servicing, and portfolio reporting, would contribute to the growth of the banking industry in the market.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Digital Lending Platform Market in LAMEA is expected to register a CAGR of 23.8% during the forecast period (2019-2025)
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.
Market Segmentation:
By Component
By Deployment Type
By End User
By Country
Companies Profiled
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