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Commercial Loan Software Market Share

Report ID: GMI10889
Published Date: Aug 2024
Report Format: PDF

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Commercial Loan Software Market Share

Fiserv, FIS, and Finastra hold a significant market share of 12% in 2023. These companies showcase varied technological approaches to addressing commercial loan management. Fiserv emphasizes integrated solutions that streamline loan processing through advanced automation. FIS focuses on cloud-native, API-driven platforms for flexibility and scalability. Finastra offers a comprehensive suite that combines core banking capabilities with innovative financial technologies, catering to diverse institutional needs and preferences.

Fiserv and FIS are leveraging strategic partnerships and innovation to strengthen their market positions. Fiserv collaborates with fintech startups to enhance its digital lending solutions. FIS invests in cutting-edge technologies to offer flexible, scalable solutions. Finastra engages in partnerships to expand its suite of services and integrate emerging technologies, ensuring a robust, future-ready platform for commercial loan management.

Commercial Loan Software Market Companies

Major players operating in the commercial loan software industry are:

nCino
Fiserv
Finastra
Linedata
Q2 Software
Calyx Software
FIS

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of commercial loan software reached USD 6.9 billion in 2023 and is set to register over 8% CAGR between 2024 and 2032, due to the increasing demand for streamlined and efficient loan processing solutions.

The cloud-based segment held 67% revenue share in 2023, owing to its scalability, flexibility, and cost-effectiveness.

North America market accounted for 36% revenue share in 2023, attributed to increasing adoption of AI-driven tools for enhancing credit risk assessments and decision-making in financial institutions.

1. Who are the major commercial loan software market players? nCino, Fiserv, Finastra, Linedata, Q2 Software, Calyx Software, and FIS.