Banks and non-bank lenders: Adoption of “Lending as a Service” (LaaS)

LaaS vendors have been packaging the latest top-notch lending platforms often with included expertise and operational services lately. The Market Leaders’ survey, conducted by LendIt Fintech, embraces the insights based on industry research and interactions with software providers.

In 2017, the market of lending software was estimated to be worth $2,615mn both in software and services. By 2024, it is expected that the market will reach $5,580mn. LaaS solutions are largely spread in the U.K. and the U.S., while Europe is only opening the possibilities of them because the regulatory framework is more constrained in the region. 

The studies of LaaS impact reflect that expenditures for the acquisition, decisioning, and servicing loans can be reduced by up to 80%.

Sergei Artimenia

Director of Business Development

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound