FIS, Finastra and Fiserv, Inc. are dominating the Global Digital Lending Platform Market in 2019

Global Digital Lending Platform Market is expected to grow with the CAGR of 18.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

Access full Report @ https://www.databridgemarketresearch.com/reports/global-digital-lending-platform-market

Global digital lending platform market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in the digital lending platform market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2020, FIS launched automated portal integrated by FIS Real-Time Lending platform which streamlines and automates the PPP loan forgiveness process for small businesses. The new portal will enhance the customer base of the company.

FIS is the dominating player in the global digital lending platform market. The other key players existing in the market includes Finastra, Fiserv, Inc., Newgen Software Technologies Limited, Nucleus Software Exports Ltd., Intellect Design Arena Ltd, Sigma Infosolutions, Pegasystems Inc., Tavant, Abrigo, Roostify, Decimal Technologies, First American Financial Corporation, Mambu GmbH, CU Direct, Built Technologies, Inc., Jack Henry & Associates, Inc., Turnkey Lender, Ellie Mae, Inc. and DocuSign Inc., among others.

FIS

FIS is headquartered in Florida, U.S. and was established in year 1968. The company focuses in providing technology, services and solutions to banks, capital market and merchants. The company operates in merchant solutions, banking solutions, capital market solutions segments out of which banking solutions is the market focused segment. The company offers wide range of product categories such as merchants, banking, capital markets, corporates in which banking is market focused category.

  • In December 2018, FIS announced partnership with People’s United Bank for providing it with real time lending solution. The solutions can be used for data analytics technology for customer acquisition by sending pre-qualified and personalized loan offers to the potential borrowers. The new partnership increased the customer base of the company.

The company has wide global presence across U.S., Europe, Middle East & Africa, Asia-Pacific with its various subsidiaries such as Worldpay, Inc. (U.S.), EFD (U.S.), ChexSystems (U.S.), Clear2Pay (Belgium) an Certegy (U.S.), among others.

Finastra

Finastra is headquartered in London, U.K. was founded in 2017. The company focuses in providing pre-integrated solutions to lending, capital markets, treasury, transaction banking and retail banking through their cloud ecosystem and fusion software architecture. retail banking, lending, transaction banking, connected corporate banking, treasury and capital markets, innovation, cloud solutions out of which lending is the market focused category.

  • In May 2020, Finastra launched Fusion Credit Connect solution which will be provided on Finastra’s FusionFabric.cloud and Salesforce AppExchange to aid the corporate banks for re-invision of communication between them and borrowers. The solution offers better customer experience which will aid in boosting the market share of the company.

The company has wide global presence across Americas, Europe, Asia-Pacific, Middle East & Africa and generates revenue from subsidiaries such as Fundtech (U.S.), Finastra Ireland Limited (Ireland), Misys Patriot US Holdings, LLC (U.S.), Olfa Soft SA (Switzerland) and IND Group (India), among others.

Fiserv, Inc.

Fiserv, Inc. headquartered in Wisconsin, U.S. was established in 1984. The company focuses in providing digital banking solutions, e-commerce, payments, i-card issuer processing and network services through their payment and financial technology. The company operates in first data, payments and financial out of which financial is market focussed segment. Company offers payments, processing services, customer & channel management, risk & compliance, insights & optimization products out of which processing services is the focused product category.

  • In May 2020, Fiserv, Inc. announced partnership with True Sky Credit Union to provide its Full Set of Financial Tech to the company. True sky credit union will utilise Fiserv’s financial technologies and solution for better account processing. This will boost the market share of the company.

The company has presence across the globe in Europe, Middle East & Africa (EMEA), Latin America, Caribbean & Canada (LACC), Asia-Pacific (ASPAC), Australia and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as First Data (U.S.), Open Solutions (U.S.), Clover Network (U.S.), BillMatrix Corporation (U.S.) and Monitise (U.K.), among others.