---
title: "Digital Transformation: What The Future Holds For Traditional And Alternative Lenders | HES FinTech"
description: "This Forbes article Dmitry makes a brief lending market trends overview. He also highlights general and specific to-dos for incumbent banks and lending fintechs."
url: "https://hesfintech.com/blog/digital-transformation-of-traditional-and-alternative-lending-banks-fintech/"
author: "HES FinTech"
published: 2021-02-18
updated: 2025-01-27
---

# Digital Transformation: What The Future Holds For Traditional And Alternative Lenders

The digital lending market is expected to see an 11.9% CAGR from 2020-2025. However, the key question for alternative lenders and traditional providers is: how to grow along with the industry?

In this Forbes article, [Dmitry Dolgorukov](https://www.linkedin.com/in/dmitrydolgorukov/) provides a brief lending market trends overview. Along with that, he highlights general and specific to-dos for both incumbent banks and lending fintech companies.

How to make sure your [digital transformation strategy](https://hesfintech.com/blog/digital-transformation-strategy-finance-lending/) is relevant as finance is becoming dramatically more accessible? How to take most of what self-service trends offers? In which aspects it’s worth [investing in AI and ML](https://hesfintech.com/blog/fintech-ai-ml-in-2021/) for traditional and alternative lenders? How to benefit from increasing financial literacy in your clients?

*The answers to these and other questions are in the article by Dmitry on Forbes Finance Council:*

[DIGITAL TRANSFORMATION FOR TRADITIONAL AND ALTERNATIVE LENDERS](https://www.forbes.com/sites/forbesfinancecouncil/2021/02/10/digital-transformation-what-the-future-holds-for-traditional-and-alternative-lenders/?sh=12d92c4672c0)

Check out [our blog](https://hesfintech.com/blog/) for more valuable advice in the digital transformation of lending.