About Fintech Lending
Fintech is the application of technology to financial services offerings in order to improve their usability and delivery to customers. It operates primarily by unbundling such organizations' offerings and generating new markets for them. A financial technology business (also known as fintech) offers an online platform that connects loan applicants with investors directly as an alternative to traditional funding. Fintech lenders use cutting-edge financial technology to streamline the historically inefficient and opaque loan process.FinTech companies provide technology to improve financial services. They integrate sophisticated technologies like artificial intelligence, blockchain, and data science with traditional financial services to make them safer, faster, and more efficient. Fintech firms are working to innovate in every aspect of finance, from payments to credit and stock trading. Fintech is mostly used in the banking industry for remote access to bank accounts via mobile devices, neo banks, cryptocurrency and block chain, investments and savings, stock market trading, payments, insurance, and lending.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fintech Lending market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LendingClub (United States), Credit Suisse (Switzerland), Square (United States), Kabbage(United States), Stripe(United States), Credit Karma(United States), AuxmoneyGmbH (Germany), Funding Circle (United Kingdom), Lufax (China) and SoFi (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ant Group (China), CreditEase (China), Tala (United States) and Renrendai (China).
Segmentation Overview
AMA Research has segmented the market of Global Fintech Lending market by Type (Digital Payments, Personal Finance, Alternative Lending and Alternative Financing), Application (Private Lending and Company Lending) and Region.
On the basis of geography, the market of Fintech Lending has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. BFSI will boost the Fintech Lending market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Fintech Lending market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
A rise in the adoption of blockchain and AI-based digital lending platforms
Market Growth Drivers:
Increasing digitalization, Adoption of digital channels to improve customer experience and Rise in usage of smartphones for banking applications
Challenges:
High dependence on traditional lending methods
Restraints:
Data Privacy and Privacy Issues
Opportunities:
The emergence of advanced technologies and Favorable government regulations for digital lending
Market Leaders and their expansionary development strategies
Decentro, a fintech infrastructure company expansion in the lending infrastructure space through its first-ever acquisition of Neowise. The acquisition will enhanced strategic move strengthens Decentro’s position.
In September 2022, M2P Fintech, an API infrastructure provider for banks and NBFCs, launched of a Core Lending Suite (CLS) enabling lenders rapidly customise, develop, market test and quickly roll out lending products.
Key Target Audience
Service Providers, End-Users, Regulatory Bodies, Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.