Fintech PR
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
73 – Figures
330 – Pages
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2019–2030  |
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Base year considered |
2023 |
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Forecast period |
2024–2030 |
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Forecast units |
USD Billion |
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Segments Covered |
Offering (Solutions & Services) Deployment mode (Cloud & On-premises), Organization size (Large Enterprises, SMEs Startups), Lending Type (Commercial Lending, Microfinance Lending, SME Lending, Agriculture Lending and others), End User (Banks, Credit Unions, Non-Banking Financial Corporation(NBFC) and others) and Region. |
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Geographies covered |
North America, Europe, Asia Pacific, Latin America Middle East & Africa |
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Companies covered |
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). |
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.
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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:
- In January 2024, TCS announced a 15-year extension of its partnership with Aviva, the UK’s foremost Insurance, Wealth, and Retirement provider. This partnership aims to revolutionize Aviva’s UK Life business and elevate customer experience through the utilization of the TCS BaNCSTM platform.
- In October 2023, Newgen Software partnered with United Community (UCBI) to overhaul its Small Business Loan Origination Process, spanning Construction, Small Business Term, Line of Credit, Commercial Real Estate, and Commercial C&I.
- In October 2023, Fiserv acquired the acquisition of Skytef, the primary distributor of Software Express’s SiTef (Solução Inteligente de Transferência Eletrônica de Fundos) in Brazil. SiTef is recognized as the leading Electronic Funds Transfer solution in the region. With this acquisition, Fiserv bolsters its distribution network in Brazil, gaining access to over 600 ISV partners and approximately 27,000 merchants. This move significantly expands Fiserv’s partner base to over 1,000 in total.
- In May 2023, Newgen Software announced the availability of its NewgenONE OmniDocs Platform on the Temenos Exchange partner ecosystem, offering an integrated fintech solution.
- In February 2023, Oracle introduced Oracle Banking Cloud Services, a suite of scalable, componentized, and composable cloud-native services. These six services encompass corporate demand deposit account processing, enterprise-wide limits and collateral management, real-time global payment processing, API management, retail onboarding and originations, and self-service digital experience capabilities.
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Corporate Lending Platform Market Advantages:
- Corporate lending platforms automate processes including loan origination, underwriting, and servicing to expedite the lending process. Faster loan approvals and disbursements are the result of increased operational efficiency, decreased manual labour, and less paperwork.
- These platforms are adaptable, able to manage a high volume of loan applications, and able to service a wide range of loan products, such as lines of credit, commercial mortgages, and term loans. Financial institutions can expand their loan portfolios thanks to this scalability without having to make large infrastructure investments.
- Platforms for corporate lending incorporate strong risk management features, such as compliance checks, financial analysis tools, and credit scoring algorithms. By precisely evaluating borrower creditworthiness and successfully reducing credit risk, this aids financial institutions in maintaining the health and profitability of their loan portfolios.
- Borrowers can apply for loans online, follow the progress of their applications, and access self-service tools to manage their loan accounts with ease thanks to these platforms, which provide a smooth and user-friendly experience. This enhances the general customer experience by raising customer happiness and loyalty.
- Corporate lending platforms give financial institutions useful information about borrower behaviour, portfolio performance, and lending patterns by utilising data analytics and reporting capabilities. This makes it possible to plan strategically, make well-informed decisions, and optimise financing methods to achieve corporate goals.
- Corporate lending platforms are designed with compliance elements that guarantee adherence to industry standards and regulatory requirements, including consumer protection legislation, Know Your Customer (KYC) guidelines, and anti-money laundering (AML) regulations. This guarantees legal and regulatory compliance while lowering the risk of noncompliance.
- These platforms provide the ability to integrate with third-party apps and other banking systems, including payment processors, credit bureaus, and core banking systems. This enhances operational effectiveness and decision-making by enabling smooth data interchange, interoperability, and a single view of customer interactions.
Report Objectives
- To describe and forecast the Corporate Lending Platform Market, in terms of value,
- by offering, deployment mode, organization size, lending type, and end user
- To describe and forecast the Corporate Lending Platform Market, in terms of value,
- by region—North America, Europe, Asia Pacific, Middle East & Africa and Latin America
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall Corporate Lending Platform Market
- To profile key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the Corporate Lending Platform Market
- To provide the illustrative segmentation, analysis, and projection of the main regional markets.
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BEIJING, Dec. 26, 2024 /PRNewswire/ — A report from Poeple’s Daily:
In May 2024, Chinese President Xi Jinping paid a state visit to Hungary. During this historic visit, leaders of the two countries announced the elevation of bilateral relations to an all-weather comprehensive strategic partnership for the new era, injecting renewed powerful impetus into cooperation between the two countries.
As the interpreter for Hungarian Prime Minister Viktor Orban during his meeting with President Xi, Simon Adrienn had the opportunity to again gain a firsthand glimpse into the charisma of President Xi as the leader of a major country.
In 2009, Xi, the then vice president of China, visited Hungary. Simon accompanied him as an interpreter for the first time to explore a memorial hall with rich Hungarian ethnic characteristics. “As I provided explanations, Xi listened attentively, showing a genuine interest in Hungarian history and culture. I could sense that he was a leader of great knowledge and insight”.
Since then, she has worked as an interpreter during meetings between the leaders of Hungary and China on numerous occasions. In her memories, Prime Minister Orban and President Xi are both candid and wise leaders who know about each other and trust each other. “President Xi’s clear articulation makes my job relatively easy. He is approachable, and respects and treats every staff member equally. In my view, this exemplifies the true essence of a great leader of a major country.”
Before kicking off this state visit to Hungary, President Xi published a signed article titled “Embarking on a Golden Voyage in China–Hungary Relations” in the Hungarian newspaper Magyar Nemzet. The article provided a comprehensive overview of the successful practices and positive outcomes in the development of bilateral relations over the past 75 years since the establishment of diplomatic ties between the two countries. Simon translated the article into Hungarian. She said this experience was a valuable learning process, allowing her to gain a deeper understanding of President Xi’s views and thoughts.
In fact, this was not the first time that she translated President Xi’s books and articles. She once participated in the translation of President Xi’s book “Xi Jinping: The Governance of China“. In her eyes, President Xi drew upon numerous Chinese historical and cultural references in the book, prompting her to delve into the materials to identify the most suitable expressions. The process of translation provided her with profound intellectual enlightenment.
She deeply admires President Xi’s statement “Friendship, which derives from close contact between the people, holds the key to sound state-to-state relations.” As Hungary-China relations navigate a “golden channel,” closer people-to-people ties stand as a vital cornerstone. The Hungarian and Chinese people share many similarities, both valuing family harmony. The Hungarian people hold a profound appreciation for Chinese culture, evident through the presence of multiple Confucius Institutes, numerous traditional Chinese medicine clinics, and bilingual schools in Hungary that nurture a plethora of young talents for cultural exchanges between the two nations. Hungarian Chinese communities have also made substantial contributions to fostering deeper friendship between the two countries. People-to-people and cultural exchanges continue to strengthen, laying a solid foundation for cooperation between the two nations.
In the 1980s, student exchanges between Hungary and China began, and Simon was one of the beneficiaries. Her connection with China dated back to the third grade of primary school. At that time, she read many Chinese folk stories in the library. Upon graduating from high school, she seized the opportunity to study in China and spent six wonderful years there which had a significant impact on her life. Even today, she still enjoys reading Chinese folk stories and children’s literature. She has translated them into Hungarian, and organized Hungarian children to read them. she is always learning and improving, hoping to enhance mutual understanding between the two peoples through her work and continue to write new stories of friendly exchanges with her Chinese friends.
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Fintech PR
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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Refining Capacity of the Base Surpasses 50 Million Tons per Year
NINGBO, China, Dec. 26, 2024 /PRNewswire/ — China Petroleum & Chemical Corporation‘s (HKG: 0386, “Sinopec”) recently announced the mechanical completion of the second-phase expansion and advanced materials project at its Zhenhai Refinery. This milestone sets new benchmarks for innovation, smart manufacturing, and energy efficiency in large-scale projects. The refinery’s capacity has now been upgraded to 40 million tons per year, contributing to the Zhejiang Ningbo Petrochemical Industrial Base surpassing a total refining capacity of 50 million tons annually. The achievement solidifies its position as China’s largest, most advanced, and globally competitive petrochemical industrial base.
Located in the Yangtze River Delta, a key downstream product consumption hub, the Zhejiang Ningbo Petrochemical Industrial Base plays a vital role in Sinopec’s value chain. The second-phase expansion and advanced materials project, with a total investment of CNY 41.6 billion, incorporates 18 production units, including atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation units. By emphasizing chemical-focused processes, the project creates multiple high-value-added supply chains.
The facility’s expanded production capacity supports the development of high-end polyolefins, advanced materials, and specialty chemicals. It is expected to provide approximately 8 million tons of petrochemical products annually, significantly boosting the overall capacity of supply chains for industries such as automotive, home appliances, and textiles in the region. This expansion is forecast to generate trillions of yuan in upstream and downstream industrial value.
The project achieved remarkable progress in technological innovation and sustainability. Highlights include:
- Localization of 10 core technologies, including the world’s highest-load vertical labyrinth compressor.
- Extensive deployment of smart technologies, enabling simultaneous delivery of digital and physical factories.
- Integration of a fully localized industrial operating system and a self-developed industrial internet platform to enhance decision-making and management.
- Implementation of comprehensive energy-saving measures, achieving an overall reduction in energy consumption of 11.7%.
- Safety and quality were paramount during construction, with over 90 million consecutive safe man-hours recorded and a 100% quality pass rate for all units, setting a new industry benchmark.
Zhenhai Refinery, Sinopec’s largest integrated refining and chemical enterprise, boasts an ethylene production capacity of 2.2 million tons per year. It is also the only enterprise in China consistently ranked in the top performance group of the Solomon Global Ethylene Performance Evaluation.
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