Digital lending is currently known to be one of the top new trends in Fintech in recent years. Digital lending is the way of providing loans that are applied for, paid for, and handled via digital channels. Lenders utilize digitized information to make lending choices and generate strategic client loyalty, and this process is becoming more popular.
The global credit market, including Fintech, is undergoing transformation. Create digital content in seconds, then distribute them online to more connected worldwide consumers by making use of increasingly digitized and available customer data, technological improvements in machine learning and artificial intelligence, and cheap digital platforms. A new trend of Fintech has emerged: the digital lender.