Bangalore, India, August 28, 2019: With its recently published study “Global Lending Technology (LendTech) Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research estimates that there will be huge adoption of LendTech solutions, predominantly due to the emergence of cloud services and automation. Additionally, the growing penetration of mobiles and the Internet will further boost the growth of LendTech.

LendTech helps in increasing digital business operations, thereby eliminating labor-intensive and time-consuming paper processes. Several organizations are significantly investing in developing LendTech solutions and are leveraging diverse technologies to distinctively position their competitive advantage. For instance, Upstart, a US-based online lending platform provider, has developed an algorithm to govern the safety of a loan, based on several factors. Furthermore, LendTech provides centralized information and highly efficient processing, leading to the identification of customer’s needs and the development of customized options.

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The growing penetration of the Internet and the increasing adoption of technology have boosted the future growth of the LendTech market. Lenders are implementing digital methods to identify borrower’s behavior patterns by adopting several technological advances.

Additionally, lenders are adopting advanced technologies, including AI, cloud, and IoT, to gain a competitive advantage. Increasing adoption of these technologies is expected to drive the demand for LendTech in the coming years. Blend, Fiserv, Finastra, Lending Solutions, Nelito Systems Ltd., Q2 Software, and Tavant have a significant presence in the LendTech market.

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Asia Pacific is anticipated to grow at the highest rate in the LendTech market due to the increasing number of start-ups providing cutting-edge services to banking, insurance, and wealth management sectors. Lenders are increasingly adopting digital transformation over the traditional retail business to offer an improved buying experience to borrowers. India, China, Japan, and South Korea are among the leaders in adopting digitalization.

“Increasing penetration of Internet and adoption of advanced digital technologies, including cloud and automation, will drive the adoption of lending technology,” pointed out Rahul Kumar Pandey, Research Analyst, Infoholic Research

Few of the Key Vendors in the LendTech Market:

• Blend
• Fiserv
• Finastra
• Lending Solutions
• Nelito Systems Ltd.
• Q2 Software
• Tavant

Segmentation of the Report:

LendTech Market Segmentation By Deployment

• On-premise
• Cloud-based

LendTech Market Segmentation By Organization Size

• SMEs
• Large Enterprises

LendTech Market Segmentation By Type

• Syndicated Lending
• Commercial Lending
• Consumer Lending
• Mortgage Lending

Industry outlook: Market trends, drivers, restraints, and opportunities