THE BIG TRENDS FOR DIGITAL LENDING IN ASIA IN 2021

In 2021, digital lenders are poised to take full advantage of the strong, positive global sentiment that investors and consumers have towards Fintech. Some key digital-lending trends for this year are the following:

1) Continued positive momentum for digital lending and the Fintech industry: In Asia, there has been lots of Fintech activity, but there has yet to be a big winner. Southeast Asia, China and Korea all have digital lenders that have greatly matured during recent years. 2021 will be an important year for Asian digital-lending companies to strategically capture greater market share;

2) Regulations leading to industry maturation: New regulations tailored to digital lending are a driving force for digital lending to finally become more mainstream and enter a more mature stage;

3) Acceleration of partnerships with big tech and banks: The number of big tech and Fintech partnerships with banks has mushroomed over the past decade because their relationships are mutually beneficial, with partnership returns resulting in profitability levels two to three times above average.