The global demand for AI In Fintech Market is presumed to reach the market size of nearly USD 50.8 MN by 2028 from USD 10.96 MN in 2021 with a CAGR of 24.5% under the study period 2022 - 2028.
Fintech (financial technology) uses cutting-edge technology to enhance or automate banking and investing processes. AI in fintech identifies and stops fraud through digital banking channels. By observing how customers interact and considering their purchases, AI technologies can ascertAIn a customer's normal behaviour. Inclusions include asset management, digital loans, insurance, credit scores, buying and selling activities, and mobile banking.
The increasing digitization of the global banking, financial services, and insurance (BFSI) industry is one crucial aspect propelling the market's growth. AI in fintech is extensively used for operating virtual assistance, debt collection, sentiment and predictive analysis, reporting, and customer behaviour analysis. It can process huge volumes of data in a short interval, curtAIls the chances of human error, and boosts efficiency. Along with this, AI also helps in the automated and real-time examination of cash, credit, and investment accounts to evaluate the individual's financial health and create customized insights for forthcoming development.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value ChAIn analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of AI in fintech. The growth and trends of AI in fintech industry provide a holistic approach to this study.
This section of the AI in fintech market report provides detAIled data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Deployment Mode
- Virtual Assistant
- Business Analytics & Reporting
- Customer Behavioural Analytics
This section covers the regional outlook, which accentuates current and future demand for the AI In Fintech market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global AI In Fintech Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the AI in fintech market include Microsoft, Google, IBM Corporation, Intel Corporation, Inbenta Technologies Inc., Nuance Communications Inc., ComplyAdvantage, Salesforce.com Inc., Amazon Web Services Inc., SAMSUNG, Amelia US LLC, Upstream Tech Inc, SparkCognition, Traydstream, Alibaba Cloud, Sift, Nauto Inc., Tempus Labs Inc., Siemens, AEye Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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