The financial landscape is shifting due to aggressive rate hikes and intensified competition from FinTechs. In response, the consumer loan origination systems industry is prioritizing innovation to maintain bank profitability and adapt to changing consumer demands.
In this report, we analyze 24 providers in the consumer loan origination systems industry featured on Everest Group’s proprietary PEAK Matrix® framework based on their capabilities and offerings. This report analyzes how banks streamline lending operations through technology investments that enhance efficiency and reduce costs. The report examines lending technology providers’ role in supporting these initiatives by building platforms incorporating next-generation technologies, thus enhancing the lending experience. The analysis covers how these technologies help banks manage profitability and regulatory compliance challenges while offering personalized customer services to navigate the competitive financial technology landscape.
Scope
Industry: BFS
Geography: global
This assessment is based on Everest Group’s annual RFI process for the calendar year 2024, interactions with leading technology providers, client reference checks, and an ongoing analysis of the open banking IT services market
Contents
In this report, we:
Examine key trends in the consumer loan origination systems industry
Position the providers on Everest Group’s proprietary PEAK Matrix® framework as Leaders, Major Contenders, and Aspirants
Evaluate the consumer loan origination system providers’ landscape
