S&P Global: Banks To Acquire and Provide Their Own Digital Lending Products

S&P Global Marketing Intelligence has just released their 2017 Digital Lending Landscape report on non-bank digital lenders.  As the charts below show, they project highly attractive growth for these non-bank firms for both consumer and small business lending.

Non-Bank Consumer Digital Lending Projection

Non-Bank Small Business Digital Lending Projection

Source: S&P Global Market Intelligence

They point out that banks and FIs will increasingly develop their own digital lending services to better compete in these fast-growing segments.  FIs have advantages over digital Fintech companies is having a more stable and lower cost of funds, established customer relationships, documented compliance and underwriting experience.

You just need the technology like MinuteLender® to win in these rapidly emerging digital lending space.