Industry Context
With a growing trend of individuals and organizations transitioning from net savers to net borrowers, the demand for such services has increased. The market has witnessed the rapid proliferation of lending technologies, known as "LendTech," catering to the needs of retail and commercial financial institutions. In this competitive landscape, LendTech companies focus on leveraging real-time data to gain an edge. Emerging technologies empower lenders to make informed decisions by intelligently balancing risk factors and growth opportunities, transforming the loan origination and servicing industry.
