From GlobeNewswire: 2025-02-21 02:01:00

Global Market Insights Inc. projects the commercial loan software market to reach USD 16.9 billion by 2034, driven by AI and machine learning integration. These technologies enhance automation, improve credit risk assessment, streamline underwriting, and ensure compliance. Cloud-based solutions are preferred for scalability and real-time data access, with large enterprises leading adoption.

Banks, especially in North America, dominate commercial loan software usage, investing in AI-driven solutions to enhance risk assessment and customer experience. Loan origination systems (LOS) are crucial for automating loan approval processes, with a growing demand for AI-powered solutions. Key players like AFS, Finastra, and Fiserv are focusing on innovation and AI-driven automation to stay competitive.

AFS’s AFSVision platform is a leading commercial loan servicing solution, known for real-time analytics and automation. Major banks like SouthState Bank and Metropolitan Commercial Bank have adopted AFSVision for modernizing commercial lending operations. AFS continues to expand its market share by converting super regional banks to its platform.

Global Market Insights Inc. is a market research provider offering insights and reports for industries like technology and biotechnology. Their research highlights the growing adoption of AI in commercial loan software and the shift towards cloud-based solutions for efficiency and compliance. Companies like AFS, Finastra, and Fiserv are at the forefront of innovation in the commercial loan software market.



Read more at GlobeNewswire: Commercial loan software market size to reach USD 16.9