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Generative AI In Fintech Market growing massively at CAGR of +36% during 2024 - 2031 | Open AI, Microsoft, Google, IBM, MOSTLY AI, Veesual AI, Adobe, Synthesis AI, Guidewide

04-15-2024 12:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Research Insights

/ PR Agency: The Research Insights
Generative AI In Fintech Market growing massively at CAGR of +36%

Generative AI has boosted the tech industry by permitting companies to automate complex processes. The major reason for the evolution of machine learning is cost reduction, reduced human errors, improved customer experience, and improved efficiency. Generative artificial intelligence is primarily surged by credit card fraud detection. Using Generative Adversarial Network, AI can spot the difference between hacked and real data in every transaction and send alerts to the banks.

The Global Generative AI In Fintech Market in terms of revenue was estimated to be worth USD XX billion in 2023 and is poised to grow at a CAGR of 36.1% from 2024 to 2031.

Ask for Free Sample Copy of this Report:
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Top Key Players Profiled in This Report:
Open AI, Microsoft Corporation, Google LLC, Genie AI Ltd, IBM Corporation, MOSTLY AI Inc, Veesual AI, Adobe Inc, Synthesis AI, Guidewide and other prominent players.

The rising availability of data is one of the primary elements leading to the rise of generative AI in the fintech business. Massive amounts of data are produced as more and more financial interactions and transactions are performed through digital channels, providing important insights into consumer behavior, market trends, and financial patterns. This abundance of data makes it possible for generative AI models to be trained and improved, resulting in outputs that are more precise and pertinent to the context.

This Report Addresses:
• Market Size from 2018 - 2031
• Expected Market Growth Until 2031
• Covid-19 Impact assessment on Global Generative AI in Fintech Market included in the report under Chapter 3
• Forecast of how market drivers, restraints, and future opportunities will affect market dynamics
• Segment and region that will drive or lead the market growth and why
• Industry activity comprising merges, acquisitions, expansion, etc.
• Comprehensive mapping of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players
• Global and Regional Market Trends - Current and Future
• Value Chain Analysis
• Porters Five Forces Analysis

The fintech sector, which currently holds a mere 2% share of global financial services revenue, is projected to experience a significant transformation. It is predicted that by 2030, it could amass a US$ 1.5 trillion in annual revenue, accounting for nearly a quarter of the total global banking valuation.

Further, the industry goliaths such as NVIDIA, Microsoft, and Google underscore the gravity of this potential, as substantial investments are channelled into research and development. A critical factor in the integration of generative AI into FinTech is ensuring data privacy and accuracy.

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Generative AI in Fintech Market Segmentation by Component:
• Service
• Software

Generative AI in Fintech Market Segmentation by Deployment:
• On-premises
• Cloud

Generative AI in Fintech Market Segmentation by Application:
• Compliance & Fraud Detection
• Personal Assistants
• Asset Management
• Predictive Analysis
• Insurance
• Business Analytics & Reporting
• Customer Behavioral Analytics
• Others

Generative AI in Fintech Market Segmentation by End-use:
• Retail Banking
• Investment Banking
• Stock Trading Firms
• Hedge Funds
• Other Industries

Generative AI in Fintech Market by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Reasons for buying this report:-

• It offers an analysis of changing competitive scenario.
• For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
• It offers seven-year assessment of Generative AI in Fintech Market.
• It helps in understanding the major key product segments.
• Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
• It offers regional analysis of Generative AI in Fintech Market along with business profiles of several stakeholders.
• It offers massive data about trending factors that will influence the progress of the Generative AI in Fintech Market.

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Robin
Sales manager
+91-996-067-0000
sales@theresearchinsights.com
https://www.theresearchinsights.com

About us:
The Research Insights - A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

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