Press release
AI in Fintech Market Report 2027: Overview, Size, Share, Industry Analysis and Key Players
AI in Fintech Market Report
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Download free sample of the report: https://www.imarcgroup.com/ai-in-fintech-market/requestsample
AI in Fintech Market Industry Definition and Application:
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.
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.
Global AI in Fintech Market Trends and Drivers:
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.
Browse full report with TOC: https://www.imarcgroup.com/ai-in-fintech-market
Global AI in Fintech Market Segmentation:
The report has segmented the market on the basis on region, type, deployment model, application.
Breakup by Type:
Solutions
Services
Breakup by Deployment Model:
Cloud-based
On-premises
Breakup by Application:
Virtual Assistant (Chatbots)
Credit Scoring
Quantitative and Asset Management
Fraud Detection
Others
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
Who are the Major AI in Fintech Market Key players?
The report provides a detailed analysis of the market leaders, including.
Amazon Web Services Inc. (Amazon.com Inc), Google LLC (Alphabet Inc.), Inbenta Technologies Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., Samsung Electronics Co. Ltd., TIBCO Software Inc., Trifacta and Verint Systems Inc.
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India Artificial Intelligence Market Report: https://www.imarcgroup.com/india-artificial-intelligence-market
India Human Resource Hr Technology Market Report: https://www.imarcgroup.com/india-human-resource-technology-market
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