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Loan Origination Software Market to Reach $12.2 Billion, Globally, by 2032 at 10.2% CAGR: Allied Market Research




The global loan origination software market is experiencing growth due to several factors, including an increased in the adoption of AI, machine learning, and blockchain technologies, improved customer experience, and technological advancement in loan origination and management.

PORTLAND, Ore., Sept. 18, 2023 /PRNewswire/ — Allied Market Research published a report, titled, Loan Origination Software Market by Component (Solution and Service), Deployment Mode (On-premises and Cloud), and End User (Banks, Credit Unions, Mortgage Lender and Brokers, NBFCs, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032″. According to the report, the global loan origination software industry was valued at $4.8 billion in 2022 and is projected to reach $12.2 billion by 2032, growing at a CAGR of 10.2% from 2023 to 2032.   

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LOS stands for loan origination software. It’s a specialized software that automates and streamlines the process of applying for and approving loans for lending institutions. Banks, credit unions, and mortgage lenders are all using loan origination software to manage loan applications and approval. LOS acts as a central hub for managing everything from the initial application to the final loan approval.
Prime Determinants of Growth:

The global loan origination software market is experiencing growth due to several factors, including an increase in the adoption of AI, machine learning, and blockchain technologies, improved customer experience, and technological advancement in loan origination and management. On the other hand, the concerns regarding data security and compliance and the rise in stringent government rules & regulations hinder market growth. Moreover, the collaboration with FinTech’s to enhance ample opportunities for market growth in the future.

Report Coverage & Details:

Report Coverage


Forecast Period


Base Year


Market Size in 2022

$4.8 billion

Market Size in 2032

$12.2 billion


10.2 %

No. of Pages in Report


Segments Covered

Component, Deployment Mode, End-User, and Region


Increased Adoption of AI, Machine Learning, and blockchain technologies

Improved Customer Experience

Technological Advancement in the Loan Origination and Management


Collaboration with FinTech’s


Concerns regarding Data Security and Compliance

Rise in Stringent Government Rules & Regulations

COVID-19 Scenario:

  • The COVID-19 pandemic significantly influenced the loan origination software market, causing both short-term disruptions and long-term shifts in the industry. As businesses faced economic uncertainty and financial constraints, the demand for loans surged, particularly for government-backed programs aimed at providing relief.
  • Moreover, providers have chosen partnership and collaborative approaches to increase their market share or expand their product offerings. For instance, in September 2020, the Swedish Export Credit Corporation teamed with FIS to Digitalize Its Commercial Lending Platform. The FIS platform is expected to provide a single, end-to-end credit life cycle solution to enable a streamlined process for deal structuring, risk assessment, and execution.

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The solution segment to maintain its leadership status throughout the forecast period-

Based on component, the solution segment held the highest market share in 2022, accounting for more than three-fifths of the global loan origination software  HYPERLINK “” HYPERLINK “” HYPERLINK ““industry revenue, and is estimated to maintain its leadership status throughout the forecast period. This is due to several important reasons and opportunities. As technology advances and the lending business evolves, loan origination software provides a variety of benefits and opportunities for both lenders and borrowers. However, the service segment is projected to manifest the highest CAGR of 12.0% from 2023 to 2032. Because online lenders and fintech firms are at the cutting edge of digital lending, their loan origination service is designed to provide a smooth online experience and speedy approvals. In addition, credit unions can use loan origination software to provide personalized lending options and services to their members, which are expected to positively impact market growth.  

The on-premises segment to maintain its lead position throughout the forecast period-

Based on deployment mode, the on-premises segment held the highest market share in 2022, contributing to more than three-fifths of the global loan origination software market revenue, and is expected to maintain its lead position throughout the forecast period. Financial institutions frequently have legacy systems and databases that must work in combination with loan origination software. On-premise solutions can be more directly connected with current infrastructure, making data and feature sharing between systems easier. Therefore, integration with legacy system, customization, data control, and security of the on-premise segment drive the growth of the loan origination software market. However, the cloud segment is projected to manifest the highest CAGR of 11.7% from 2022 to 2032. This is due to the ease of implementation, scalability, and reduced need for in-house IT infrastructure. Furthermore, cloud-based loan origination software could interface more easily with other cloud-based technologies including customer relationship management (CRM), credit scoring, and document management systems. This integration improved the loan origination process’s efficiency and efficacy. 

The banks segment to maintain its leadership status throughout the forecast period-

Based on end-user, the banks segment held the highest market share in 2022, accounting for around one-third of the global loan origination software market revenue, and is expected to maintain its leadership status throughout the forecast period. This is due to different types of banks focusing on various kinds of loans including personal loans, business loans, or mortgages that require specialized software to handle these specific processes. This demand drives the growth of the loan origination software market, providing tailored solutions for each banking segment. However, the mortgage lenders and brokers segment is projected to manifest the highest CAGR of 13.7% from 2022 to 2032. Owing to the ease of implementation, scalability, and reduced need for in-house IT infrastructure. Furthermore, the growth in the housing market and the increasing number of people looking for loans have created a higher demand for efficient processes. Loan origination software helps lenders and brokers handle this demand smoothly. 

North America to maintain its dominance by 2032-

Based on region, North America held the highest market share in 2022, contributing to around two-fifths of the global loan origination software market revenue, and is expected to maintain its dominance during the forecast period. This is due to the increasing use of mobile devices, loan origination software that offers mobile-friendly interfaces and supports mobile applications can attract a wider customer base. These trends are creating a dynamic landscape for loan origination software in North America. However, the Asia-Pacific region is expected to witness the fastest CAGR of 13.4% from 2023 to 2032.  Owing to the rise of alternative lending models, such as peer-to-peer lending and digital platforms, created opportunities for specialized loan origination software. These platforms require versatile software that can accommodate unique underwriting criteria, integrate with various data sources for accurate risk assessment, and ensure compliance with diverse regulatory frameworks across the region.   

Leading Market Players: –

  • LoanPro, LLC
  • LendingPad Corp.
  • nCino, TurnKey Lender, Inc.
  • ICE Mortgage Technology, Inc.
  • Nelito Systems Pvt. Ltd.
  • Bryt Software LCC
  • Floify LLC
  • Finastra
  • Software Advice, Inc.

The report provides a detailed analysis of these key players in the global loan origination software market. These players have adopted different strategies such as expansion, merger, and product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario

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Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the loan origination software market forecast from 2022 to 2032 to identify the prevailing loan origination software market opportunity.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the loan origination software market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Loan origination software market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes an analysis of the regional as well as global loan origination software market trends, key players, market segments, application areas, and market growth strategies.

Loan Origination Software Market Key Segments:

By Deployment Mode:

  • On-premise
  • Cloud

By End-User:

  • Banks
  • Credit Unions
  • Mortgage Lenders and Brokers
  • NBFCs
  • Others

By Component:

  • Solution
  • Service

By Region:

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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Prestigious Award celebrates player who embodies the true spirit of the Ryder Cup, proving that decisions made here make history 

ROME, Oct. 1, 2023 /PRNewswire/ — Today, Justin Rose of Team Europe was announced as the recipient of the Nicklaus-Jacklin Award presented by Aon following the conclusion of the 44th Ryder Cup in Rome, Italy.

Throughout the competition, Rose displayed exemplary character and poise in the face of one of sports’ most compelling atmospheres, all while maintaining sound decision making and representing the true spirit of the event. He has been a stalwart in the Team Europe dressing room, sharing his experience with a young team and leading by example by contributing key momentum building points when it mattered. On day one, Rose holed the decisive putt on the 18th to secure a tie, and his immediate reaction was to turn and acknowledge his teammates who stood beside the green – showcasing his belief that the team should always come first.

Rose was paired with Ryder Cup rookie Robert MacIntyre on day one and used his vast Ryder Cup experience to help guide the young Scotsman during his first Ryder Cup match, in what proved to be a tough battle against Max Homa and Wyndham Clark. On day two, Rose continued his partnership with MacIntyre and they secured a decisive 3&2 victory against Justin Thomas and Jordan Spieth, with Rose’s red-hot putter proving crucial. MacIntyre would go on to have an exceptional debut, collecting 2 ½ points.

Just as the efforts of Jack Nicklaus and Tony Jacklin did in 1969, Rose exemplified the true values of this great game, cementing his place in Ryder Cup history at Marco Simone Golf & Country Club. Rose has become the third player to receive this honor, following Dustin Johnson from the U.S. Team and Sergio Garcia from the European Team, who won the Award at Whistling Straits two years ago.

Inspired by the historic 1969 Concession when Jack Nicklaus conceded a 2-foot putt to Tony Jacklin for a halved match resulting in the first tie in Ryder Cup history, the Award honors two icons in the game and is given to the player who best embodies the true spirit of the Ryder Cup – the individual who sees the bigger picture and makes better decisions on and off the course. 

Speaking about winning the Nicklaus-Jacklin Award presented by Aon, Rose said: “Winning this Award is a huge compliment. This event really pushes you to the limit because it has so much passion. You have to find that line and get close to it, but always stay on the right side and be respectful towards your opponent. The Americans played their heart out today and deserve a lot of respect. Novak Djokovic gave the team some advice earlier this week and really emphasized how you need to embrace a pressurized situation and use it as inspiration. The putt on the 18th on day one was a good example of where I tried to embrace the moment – I didn’t want to blemish such a great start by the team, and my immediate reaction was to embrace my teammates who had all performed so well as a group.

“The Ryder Cup is all about teamwork and I managed to put together a strong partnership with Bob. I made some putts at the right time on the first two days that made me look heroic, but he chipped away constantly and made a big contribution just when we needed to keep the momentum going. A big thank you to Aon – winning this Award will make today’s victory even sweeter for me.”

At this year’s Ryder Cup in Rome, Team Europe took victory by 16 ½ -11 ½, after three days filled with iconic pairings, intense rivalry and selfless performances. Team Europe raced to a dominant 6 ½ to 1 ½ lead after day one and preserved their five-point advantage to lead 10 ½ to 5 ½ heading into the final day of singles. A close and hard-fought final day went down to the final few holes, with England’s Tommy Fleetwood delivering the clinching moment in style on the short par-4 16th hole.

“As the 44th Ryder Cup comes to an end, we are reminded that golf is a game shaped by respect, integrity and decision making under pressure,” said Andy Weitz, Chief Marketing Officer of Aon. “This event represents the best of golf, and this Award represents the best of the Ryder Cup. As its presenting partner, we are proud to honor Justin as the recipient of this year’s Nicklaus-Jacklin Award presented by Aon. His display of character and skill throughout an intense match embodied the spirit of this event, and why we love this game.”

Learn more about the Nicklaus-Jacklin Award presented by Aon here.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. 

Follow Aon on LinkedInTwitterFacebook and Instagram. Stay up-to-date by visiting the Aon Newsroom and sign up for News Alerts here.

About the PGA of America
The PGA of America is one of the world’s largest sports organizations, composed of more than 29,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest and participation in the sport. The PGA of America owns and operates numerous championships and events, including major championships for men, women, seniors and the Ryder Cup, one of the world’s foremost sporting events. For more information, visit and follow us on X, formerly known as Twitter, Instagram and Facebook.

About Ryder Cup Europe
Ryder Cup Europe – which comprises representatives of The European Tour group (60%), of the PGA of Great Britain and Ireland (20%) and the Confederation of Professional Golf through the vehicle of The Ryder Cup European Development Trust (RCEDT) (20%) – owns the rights of The Ryder Cup when the competition is held in Europe. The European Tour group is the Managing Partner and has prime responsibility for all matters concerning The European Team; the PGA of Great Britain and Ireland is the Founding Partner; and the Confederation of Professional Golf is responsible for the management of the Trust, which is the Development Partner. Our Official Worldwide Partners for the 2023 Ryder Cup are Aon, BMW, Capgemini, Citi, DP World, Hilton, and Rolex. For more information about The Ryder Cup visit

European Tour Communications, +44 (0) 1344 840400, [email protected]
Greg Dillard, PGA of America, 561-308-8013, [email protected] 
Nadine Youssef, Aon, +1 312-381-2329, [email protected]

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Safra New York Corporation Completes The Acquisition Of Delta North Bankcorp.




NEW YORK, Oct. 1, 2023 /PRNewswire/ — Safra New York Corporation, the holding company of Safra National Bank of New York (“The Bank”), is pleased to announce the successful completion of its acquisition of Delta North Bankcorp, including its subsidiary Delta National Bank and Trust Company.

This strategic acquisition is a significant milestone for Safra National Bank and underscores the Bank’s continuous expansion in the private banking and wealth management business. The acquisition strengthens the Bank’s market position among high-net-worth clients in the United States and Latin America, where the Bank has been providing premier private banking and financial services and has a long and successful track record.

Jacob J. Safra, Chairman of Safra National Bank of New York: “We are proud to have completed this acquisition, which represents an excellent strategic fit to our existing business in these markets. Clients will benefit from an organization that is fully dedicated to wealth management, providing the service, products and expertise that best meet their specific needs. We are confident that the Bank has all the attributes required to continue growing and prospering in a sustainable manner.

Simoni Morato, Chief Executive Officer of Safra National Bank of New York: “We very much look forward to working closely with Delta’s clients and employees and developing long term relationships. Together we will build on the strengths of our organization, not only in the United States, but also throughout Latin America.”

Safra National Bank of New York
Headquartered in New York, with branches in Aventura, Miami and Palm Beach, and offices throughout Latin America, Safra National Bank is a leading private bank with approximately US$ 30 billion in clients’ assets. Safra National Bank of New York is part of the J. Safra Group.

J. Safra Group
The J. Safra Group (the “Group”), with total assets under management of over USD $300 billion, consists of privately-owned banks under the Safra name and investment holdings in asset-based business sectors such as real estate and agribusiness. The Group’s banking interests in 160 locations globally, are: Safra National Bank of New York, headquartered in New York City, USA; J. Safra Sarasin, headquartered in Basel, Switzerland; and Banco Safra, headquartered in Sao Paulo, Brazil; all independent from one another from a consolidated supervision standpoint.

The Group’s real estate holdings consist of more than 200 premier commercial, residential, retail and farmland properties worldwide, such as New York City’s 660 Madison Avenue office complex and London’s iconic Gherkin Building. Its investments in other sectors include, among others, agribusiness holdings in Brazil and Chiquita Brands International Inc. With deep relationships in markets worldwide, the Group is able to greatly enhance the value of businesses which are part of it. There are more than 34,000 employees associated with the J. Safra Group.

Media Contact

Ross Lovern
[email protected]
212 521 4866

Sonia Bucan
[email protected]
212 521 4808

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EMpact launches its venture studio in Central America, heralding a new approach to impact investing in frontier markets




Plans underway for subsequent launches in Africa and Central Asia

ANTIGUA, Guatemala  , Oct. 1, 2023 /PRNewswire/ — Today witnessed the launch of EMpact, a venture studio focused on nurturing talent and accelerating startups to serve critical value chains, focusing on frontier markets in Central America, West Africa, and Central Asia. The first studio is a collaboration between EMpact and Fundación Génesis Empresarial (Genesis), the largest development microfinance institution in Guatemala. The studio will promote entrepreneurship and capacity building across the Central America region through the “Innovation and Entrepreneurship Hub” of Genesis and Universidad Francisco Marroquín – (UFM) a leading academic institution in the country, which promotes free market principles and entrepreneurship.

“The issues facing humanity and our planet are interlinked, and a big part has to do with how we access, cultivate, and sustain natural resources, including agriculture and forestry”, said Sami Lahoud and Prateek Shrivastava, co-founders of EMpact. “Catalyzing innovations in agriculture value chains, through entrepreneurship, creates stability and opportunity in frontier markets while sustaining the global economy and restoring our planet through sustainable practices”, they added.

The studio addresses the most critical issue facing entrepreneurship in frontier markets, which is the upskilling of talent. Individuals are invited to apply to become “EMpact fellows” who will be coached in innovation and entrepreneurship. Then, the studio will help fellows design digitally enabled solutions that address the needs and pain-points of its corporate partners. And finally, incubated businesses will graduate into a startup accelerator that will help each team turn their solutions into investment-ready businesses through mentorship, access to essential shared services, and opening doors to additional corporate partners.

The EMpact model also allows for winning solutions, whether incubated by EMpact or operating independently, to be replicated by fellows in other markets or verticals. The first such portfolio company is Climatica, a solution that accelerates financial inclusion of small holder farmers through climate smart agriculture.

“Fighting poverty through empowerment and improving food security in the face of climate change are daunting and expensive undertakings”, said Lars Saquero Møller, Managing Director of Ingemann Data, that operates Climatica. He added “EMpact provides a framework to scale the outreach of innovative solutions, such as ours, to address these challenges. Their fresh approach and value proposition are needed to disrupt the traditional system.”

The design of the EMpact venture studio has been inspired by the pioneering work of CK Japheth, Founder of The Innovation Village in Uganda and a member of the EMpact Advisory Board, who said “We recognized that embracing models tailored to mature markets would not work for us, so we embarked on a journey of unbridled innovation, fueled by a relentless passion to make a difference. Every lesson we’ve gathered has led us to this vibrant collaboration with EMpact”.

The EMpact studio in Guatemala will ultimately serve the Latin American region. In parallel, the founders of EMpact are preparing for the launch of EMpact Africa from a studio in Côte d’Ivoire serving the Francophone West Africa region. At a later stage, the plan is to include additional frontier markets such as the ones in Central Asia, and to start interconnecting these markets, capitalizing on their organic similarities and complementarities.  

Media Contacts

Sami Lahoud, +1 914 393 5711, [email protected] 

About EMpact

EMpact is a venture studio serving critical value chains in frontier markets by addressing chronic issues afflicting these markets and affecting our planet. EMpact drives change through the incubation of talent, then creating and incubating businesses that address the needs of key players in these value chains with focus on agriculture. The final step in this venture studio model is to extend pre-seed equity funding to the budding startups, handhold them through the initial phase of their growth journey, and then – over time – hand them over to later stage investors. 


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