According to the latest report by IMARC Group, titled “AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on global AI in fintech market.
Fintech, or financial technology, represents the integration of advanced technologies with financial services to improve or automate banking and investing operations. Artificial intelligence (AI) is extensively used in financial institutions for detecting and preventing frauds through digital banking channels. This involves digital lending, mobile banking, asset management, credit scoring, insurance and trading processes, etc. AI in fintech is also applied for operating robo-advisors to offer financial planning services based on the individuals’ goals, risk tolerance, budget, financial standing, spending patterns, etc. It also detects any personally identifiable information (PII) leaked on the dark web and undertakes necessary actions to secure the data.
Request for a free sample copy of this report: https://www.imarcgroup.com/ai-in-fintech-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The rising digitization in the banking, financial services, and insurance (BFSI) sector is among the primary factors driving the market for AI in fintech. Moreover, AI in fintech enhances efficiency, minimizes human error, and can process large volumes of data in a short period. Consequently, it is being increasingly used for operating virtual assistance, sentiment and predictive analysis, debt collection, reporting, customer behavior analysis, etc. Furthermore, growing product utilization for the automated and real-time examination of cash, credit, and investment accounts to analyze the financial health of individuals and generate customized insights for future growth will continue to strengthen the AI in fintech market over the forecasted period.
Breakup by Type:
SolutionsServices
Breakup by Deployment Model:
Cloud-basedOn-premises
Breakup by Application:
Virtual Assistant (Chatbots)Credit ScoringQuantitative and Asset ManagementFraud DetectionOthers
Breakup by Region:
North America (United States, Canada)Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)Latin America (Brazil, Mexico, Others)Middle East and Africa
Competitive Landscape with Key Player:
Amazon Web Services Inc. (Amazon.com Inc)Google LLC (Alphabet Inc.)Inbenta Technologies IncIntel CorporationInternational Business Machines CorporationMicrosoft CorporationSalesforce.com IncSamsung Electronics Co. LtdTIBCO Software IncTrifactaVerint Systems Inc
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/ai-in-fintech-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us