Lending Technology: Assessing Loan Origination System Vendors – The “One Lending” Model for Journey to the Cloud
State of the Market Report

30 Sep 2020
by Ronak Doshi, Aaditya Jain, Sampada Rahalkar, Kriti Gupta, Pranati Goswami, Satyajit Roy, Divyam Jain

Lending firms are consolidating systems across disparate platforms for each product line, as they realize the limitations of siloed data and technology, which act as a roadblock for unified experiences and a single customer view. In this research, we explore the concept of one lending, in which a composable digital lending technology architecture allows firms to create a digital business capability platform that follows the principle of build once, deploy multiple times for each customer hyper-segment and lending product.

Technology advancements and ever-changing customer expectations have impacted the lending market, forcing banks and financial institutions to shift from traditional to digital lending, with increasing emphasis on reduced loan processing time and more digital experiences. Lending firms are increasingly relying on digital lending platforms to modernize their processes, reduce operational costs, and improve customer acquisition and revenue. Such platforms deliver an enhanced omnichannel customer experience, operational efficiencies, and fraud mitigation through an Artificial Intelligence (AI) / Machine Learning (ML) enabled, analytics-rich platform. The cloud is driving this change to build agile, composable, flexible, and scalable loan origination systems at speed and scale.

In this research, we focus on the Loan Origination System (LOS) vendor landscape and analyze 14 leading LOS platform vendors, focusing on their vision, capabilities, investments, and market impact. Our assessment is based on Everest Group’s proprietary transaction intelligence database, public disclosures, and discussions with enterprises, technology vendors, and service providers.


  • Industry: Banking and Financial Services (BFS)
  • Market segment: lending technology
  • Geography: global
  • LOS vendors assessed: Abrigo, Blend, Cloud Lending, Edgeverve, Finastra, FIS, Fiserv, nCino, Newgen Software, Oracle, Sigma Infosolutions, Temenos, Turnkey Lender, and Wipro Gallagher solutions


We study the following topics in this report:

  • Background and definition of the lending value chain, along with the solution architecture of LOS platforms
  • Lending market trends, regulatory themes, LOS vendor landscape, and banks’ journeys with LOS platforms
  • Assessment and summary dashboard of LOS platform vendors
  • Characteristics of LOS platform vendors
  • Profiles of LOS platform vendors


Banking Information Technology

Sourcing and Vendor Management


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