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PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Allied Market Research published a report, titled, RegTech Market by Component (Solution and Services), Deployment Type (On-Premises and Cloud), Organization Size (Large Enterprises and Small & Medium Enterprises (SMEs)), Application (Anti-money Laundering (AML) & Fraud Management, Regulatory Intelligence, Risk & Compliance Management, Regulatory Reporting, and Identity Management), End User (Banks, Insurance Companies, FinTech Firms, IT & Telecom, Public Sector, Energy & Utilities, and Others) : Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global RegTech market was pegged at $5.46 billion in 2019, and is projected to
reach $28.33 billion by 2027, growing at a
CAGR of 22.3% from 2020 to 2027.
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- Rise in adoption of micro lending in developing nations for improving lifestyle
, shift from traditional lending to micro lending, and lesser operating cost and low market risks fuel the growth of the global micro lending market.
PORTLAND, Ore., Jan. 19, 2021 /PRNewswire/
Allied Market Research published a report titled, Micro lending Market by Service Provider (Banks, Micro Finance Institute (MFI), NBFC (Non-Banking Financial Institutions) and Others), and End User (Solo Entrepreneurs & Individual, Micro Enterprises and Small Enterprises): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global micro lending industry was estimated at $134.35 billion in 2019, and is expected to hit $343.84 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027.
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PORTLAND, Ore., Jan. 12, 2021 /PRNewswire/ Allied Market Research published a report, titled, Core Banking Solutions Market by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises [SMEs]), Type (Enterprise Customer Solutions, Loans, Deposits, and Others), and End User (Banks, Credit Unions & Community Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global core banking solutions industry was estimated at $9.85 billion in 2019, and is anticipated to hit $28.78 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in adoption of core banking technology and numerous benefits associated with core banking solutions fuel the growth of the global core banking solutions market. Also, growth in mergers & acquisitions among banks & financial institutions acro