target audience: TECH BUYER Publication date: Oct 2022 - Document type: IDC FutureScape - Doc Document number: # US49321222
IDC FutureScape: Worldwide Digital Lending 2023 Predictions
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Abstract
This IDC study presents the top 10 predictions for digital lending for 2023 and beyond.
"2023 will bring a shift in the lender-borrower relationship as consumer and small business borrowers expect convenience and immediacy in the loan application and decisioning process. Legacy and fintech lenders find themselves in a highly competitive market and must invest in IT solutions such as cloud computing, AI, big data, analytics, and mobility to optimize their revenue opportunities," said Raymond Pucci, research director of Worldwide Consumer and Small Business Digital Lending at IDC. "For 2023, IT buyers should prioritize tech investments that are heavy on automation and productivity gains within core banking loans operations."