Click here to register now to purchase or access our free content
Our 5G market research collection, featuring 5G Market Strategies and 5G Networks in IoT
Our AI research covers AI applications in fintech, advertising, retail, insurance and telco
Our Blockchain research explores this key new technology for the financial, logistics and other sectors
Our Digital Content research features analysis of the video games, TV and adult content sectors
Our Fintech research examines how new technologies are disrupting the financial industry
Our HCI research explores the market for new interactive technologies
Our Identity & Security reports analyse the markets for cyber security and digital identity technologies
Our Immersive Reality research analyses virtual, augmented and mixed reality technologies
Out IoT reports explore the market for the Internet of Things, including industrial IoT and M2M
Our Smart Cities research explores key infrastructure technologies such as trasnport, energy and logistics
Our Smart Homes research analyses new technologies that help connect us to our homes
Our Wearables research explores tech devices that you can wear, such as smart watches and health trackers
Detailed analysis of the digital advertising market, covering AI, advertising fraud and market forecasts
Our automotive research explores logistics, fleet tracking and urban transportation technologies
Discover the latest trends and opportunities in the banking industry, featuring the future of digital banking technology
Exploring the digital media market, our expert industry analysis features digital media trends and forecasts
Thorough analysis of the healthcare market, covering digital health, digital therapeutics and market forecasts
Our detailed analysis of the insurance market featuring insurance tech trends and forecasts
Our research provides payment providers with invaluable data, industry trends and market sizing
Our in-depth research provides valuable insight into technology trends in the retail and eCommerce industry
With our expert industry analysis, we look at the challenges facing the telecommunications industry
Featuring in-depth analysis for the transportation and logistics industries, covering future trends and growth
Exclusive to Juniper Research, harvest provides deep insight and market forecasting for your business. Our data is continually updated by our analyst team, giving you the latest market intelligence as it develops with an easy-to-use interface.
Our subscription packages are highly flexible, allowing you to customise them to meet your exact requirements. This model, coupled with a seatless approach, means we deliver the insights you need for your entire team. Subscribers benefit from updates, analyst time and dedicated account managers.
Clients have direct access to our expert analyst team. Whether you wish to discuss an existing research piece or find more information in a research area.
Hampshire, UK – 3rd November 2020: A new study from Juniper Research has found that the value of unsecured loans issued via AI underwriting platforms will reach $315 billion in 2025, up from just $24 billion in 2020. This extraordinary growth of over 1200% over the next five years will be driven by lenders seeking to leverage AI to rebuild and streamline their lending operations, following the dramatic impact of the pandemic.
The report identified that lenders, who have been reeling from the effects of bad debt write-offs and repayment holidays, will seek to leverage AI models, in order to more accurately assess and mitigate the risks that consumers and business customers represent. This will enable lenders to build more sustainable lending models, in the wake of unprecedented economic turbulence.
For more insights, download the free whitepaper: Banking Efficiency with AI - 3 Key Use Cases.
Consumer Lending to Account for the Majority of AI Underwritten Value
The new research, AI & Automation in Banking: Adoption, Vendor Positioning & Market Forecasts 2020-2025, found that consumer lending is driving overall AI lending, and will account for 66% of loans by value underwritten by AI in 2025. AI, when combined with services such as Open Banking, can build a comprehensive picture of financial status and anticipate future risks. Juniper Research recommends that lenders leverage these AI capabilities to expand their portfolios post-pandemic to those without detailed credit files.
Research co-author George Crabtree explains: ‘Expanding lending operations into untapped areas of the market is a critical way in which banks can not only increase their own revenue, but also compete more effectively with rival fintech services.’
Roboadvisor Assets under Management Set to Soar
The research also found that roboadvisors, where AI actors manage investments for users, will account for over $3 trillion in assets under management in 2025, from $500 billion in 2020. Rather than selling services directly to users, roboadvisors should partner with large banks. This enables roboadvisors to access large groups of potential users who are underserved by current wealth management propositions; growing revenue while keeping customer acquisitions costs low.
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
For further details contact Sam Smith, Press Relations
T: +44(0)1256 830002
For the in-depth research on this sector conducted by our expert analysts, please view our related full research products below.
Juniper Research Ltd is registered in England & Wales Company No 4365384 © Copyright 2021 Juniper Research Ltd and its licensors - All Rights Reserved