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Corporate Lending Platform Market worth $11.0 billion by 2030 - Exclusive Report by MarketsandMarkets™CHICAGO, March 4, 2024 /PRNewswire/ -- Rapid digital transformation will characterise the Corporate Lending Platform Market in the future, with an emphasis on improving customer experience through intuitive user interfaces and data-driven decision-making. Innovation and international market expansion through partnerships and collaborations will be fueled by the integration of cutting-edge technologies like blockchain and artificial intelligence (AI) and a strong focus on regulatory compliance. The Corporate Lending Platform Market is estimated to grow from USD 3.0 billion in 2024 to USD 11.0 billion in 2030, at a CAGR of 24.5% during the forecast period, according to a new report by MarketsandMarkets™. The Corporate Lending Platform Market is poised for substantial growth fueled by the increasing adoption of digitalization and cloud-based solutions is expected to drive demand for efficient and accessible lending platforms among corporate borrowers. Digitalization is a key trend, with cloud-based platforms and mobile applications offering convenient access to borrowing solutions for corporate clients. With blockchain technology emerging as a potential disruptor for secure transaction processing, the Corporate Lending Platform Market presents vast opportunities for those able to leverage these trends to deliver innovative and tailored lending solutions. Browse in-depth TOC on "Corporate Lending Platform Market" 331 - Tables Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92893599 Scope of the Report
By offering the services segment to account for higher CAGR during the forecast period. The services segment includes professional and managed services that assist financial institutions throughout their journey of implementing, optimizing, and maintaining lending platforms. Professional services encompass a range of offerings such as consulting, system integration, customization, and training, tailored to meet the specific needs of lenders. These services provide expertise and support to financial institutions in designing, deploying, and integrating lending platforms into their existing infrastructure, ensuring seamless implementation and alignment with business objectives. On the other hand, managed services offer ongoing support and maintenance, including platform monitoring, upgrades, security management, and user support, allowing lenders to focus on core business activities while leveraging the expertise of external service providers. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=92893599 By Lending Type, Commercial Lending is expected to hold the largest market size for the year 2023. The commercial lending sector within the Corporate Lending Platform Market encompasses a diverse range of financial services provided to businesses and corporations. This segment caters to enterprises seeking funding for various purposes, such as expansion, working capital, acquisitions, or real estate investments. Commercial lending platforms offer comprehensive solutions to streamline loan origination, underwriting, servicing, and management processes. Examples of leading solutions in this space include Finastra's Commercial Lending Solution and FIS Commercial Lending Suite. Finastra's offering provides robust support throughout the commercial loan lifecycle, incorporating built-in workflow and analytics tools for enhanced efficiency and decision-making. By End User, Non-Banking Financial Corporation (NBFC) is projected to grow at the highest CAGR during the forecast period. Non-Banking Financial Corporations (NBFCs) play a crucial role in the corporate lending platforms market by providing alternative financing solutions to businesses. They complement traditional banks by offering more flexible terms, quicker approvals, and catering to underserved segments. NBFCs leverage technology to streamline processes, assess creditworthiness efficiently, and offer competitive lending rates. For instance, companies like FlexiLoans and Newgen Software provide specialized solutions tailored to the needs of NBFCs, enabling them to enhance their operational efficiency and expand their reach. Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period. The Corporate Lending Platform Market in the Middle East & Africa region is witnessing substantial growth and innovation, propelled by the evolving financial environment, increasing digital connectivity, and rising demand for modern financial services. With diverse economies and unique challenges, countries in this region are embracing fintech solutions to promote financial inclusion, improve efficiency, and stimulate economic development. Digital transformation plays a crucial role in driving the Corporate Lending Platform Market in the MEA region. Governments and financial institutions prioritize financial inclusion, leveraging fintech solutions to reach unbanked and underbanked populations. Mobile money services, exemplified by M-Pesa in Kenya, are transforming financial services by enabling individuals to conduct transactions, access credit, and manage savings via mobile phones, empowering previously excluded individuals and businesses. Mobile payments and digital wallets are gaining momentum in the region, revolutionizing transaction methods and business practices. Fintech startups offer convenient and secure mobile payment solutions, facilitating purchases, fund transfers, and bill payments through smartphones. Top Key Companies in Corporate Lending Platform Market: The major corporate lending platform solution and service providers include FIS (US), Fiserv (US), Oracle (US), ICE Mortgage Technology (US), TCS (India), Finastra (UK), Newgen Software (India), Nucleus Software (India), Intellect Design Arena (India), Wipro (India), Comarch (Poland), JurisTech (Malaysia), Servosys solutions (India), Sigma Infosolutions (US), HES FinTech (India), Temenos (Switzerland), Nelito (India), Tavant (US), Tietoevry (Finland), Moody's Analytics (US), AllCloud (India), Relational FS (Greece), Origence (US), RupeePower (India), Decimal Technologies (India), LenderKit (Estonia), Biz2x (US), FUNDINGO (US), Novac Technology Solutions (India) and Banxware (Germany). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Corporate Lending Platform Market. Recent Developments:
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Report Objectives
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting Related Reports: BPaaS Market- Global Forecast to 2028 Automation Testing Market- Global Forecast to 2028 Green Technology and Sustainability Market - Global Forecast to 2030 Tax Management Market- Global Forecast to 2027 Digital Map Market- Global Forecast to 2026 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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