Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The United States digital lending market size is assessed to grow at a CAGR of 12.3% between 2024 and 2032. The market is being driven by the rising digital transformation in the financial sector in the United States.
Digital lending refers to services that are aimed at providing credit facilities and loans through online platforms and digital technologies. Such services also use technologies like data analytics to assess the creditworthiness of borrowers. Some benefits of digital lending include enhanced security, improved efficiency, and increased profitability of credit unions and banks.
Based on offering, the market is segmented into solution and services. On the basis of deployment type, the United States digital lending market segmentation includes cloud based and on-premises.
By end user, the market is divided into banks, credit unions, and NBFCs, among others. The major regional markets for digital lending in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States digital lending market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Cloud-based digital lending platforms account for a considerable portion of the United States digital lending market share. Such platforms can efficiently automate the approval process, minimise operational expenses, generate error-free workflow, and decrease the requirement for manual labour. Cloud lending platforms also support lenders to easily roll out new product categories and rapidly deploy innovative modules.
Besides, cloud lending platforms offer end users the flexibility to comply with evolving regulatory changes and market fluctuations. Other benefits such as faster market reach, low maintenance, automated operations, and scalability are further driving the adoption of cloud-based digital lending solutions in the United States.
As per the United States digital lending market analysis, credit unions use digital lending platforms to minimise loan processing time and automate and streamline operations. Credit unions are also investing in digital transformation to improve lending experience and enhance customer service. Besides, the emergence of fintech startups is prompting credit unions to expand their digital lending portfolio, offer omnichannel lending experience, and reduce loan cycle times.
Meanwhile, the demand for digital lending services from NBFCs is significantly increasing amid high internet and smartphone penetration, coupled with an emerging shift from conventional lenders and technological advancements by fintech institutions.
Fiserv, Inc. is a prominent technology company that offers various services to the financial sector. With its headquarters in Wisconsin, the United States, the company enables money movement for financial institutions as well as businesses. It also serves different sectors such as fintech, banks, small businesses, and credit unions, among others.
ICE Mortgage Technology, Inc., a part of Intercontinental Exchange (NYSE: ICE), is a company that is engaged in transforming, streamlining, and digitising the residential mortgage process in the United States. It has also established its position as a prominent cloud-based loan organisation platform provider for the mortgage sector.
On Deck Capital, Inc. is a part of Enova International, Inc. and is engaged in delivering small business loans in the United States. It was founded in 2006 and offers a business line of credit and a business term loan to support businesses to meet their unique funding needs and customise repayment terms. Since its establishment, the company has delivered loans of USD 15 billion to small businesses in the US.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Offering |
|
Breakup by Deployment Type |
|
Breakup by End User |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Other United States digital lending market players include Oracle Corp., VeriPark, LendingClub Corporation, Kiva Microfunds, Tavant, LendingTree, LLC, and Turnkey Lender Corporation, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market is assessed to grow at a CAGR of 12.3% between 2024 and 2032.
The major market drivers are the digital transformation of the financial sector and increasing investments in technologies by banks and financial institutions.
The growing adoption of cloud-based digital lending solutions and technological advancements and innovations are the key trends supporting the market.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The various offerings of digital lending are solution and services.
The different deployment types of digital lending are cloud based and on-premises.
The significant end users of digital lending are banks, credit unions, and NBFCs, among others.
The major players in the market are Fiserv, Inc., Oracle Corp., ICE Mortgage Technology, Inc., On Deck Capital, Inc., VeriPark, LendingClub Corporation, Kiva Microfunds, Tavant, LendingTree, LLC, and Turnkey Lender Corporation, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share