Personal Loans Market to grow at a CAGR of 11.79% from 2022 to 2027|Use of advanced technologies in the loan process to drive the market growth -Technavio
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Wednesday, July 5, 2023
IDBI Bank, State Bank of India, PPF (company), Goldman Sachs, Punjab National Bank, Risk, State bank, Software, Geography, ICICI Bank, Axis Bank, UCO, Finance, Cloud computing, Organization, Mahindra, Internet of things, Union Bank of India, P2P, Growth, Indian Overseas Bank, Union Bank, Legislation, Citigroup, Bank of America, Yes Bank, HSBC, HDFC Bank, Canara Bank, Ecosystem, AI, Bank, Security (finance), Pension fund, COVID-19, Ai, American Express
The use of advanced technologies in the loan process is a major factor driving the personal loans market growth.
Key Points:
- The use of advanced technologies in the loan process is a major factor driving the personal loans market growth.
- This will aid both customers and vendors in the global personal loans market and will fuel the growth of the market in focus during the forecast period.
- The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal loans market.
- The increase in the adoption of cloud-based personal loan servicing software offerings is an emerging trend shaping the personal loan market.