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Looking forward, the AI in fintech market value is projected to reach a strong growth during the forecast period (2022-2027).<br>More info:- https://www.imarcgroup.com/ai-in-fintech-market
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Global AI in Fintech Market Research and Forecast Report 2022- 2027 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global AI in Fintech Market Research Report 2022-2027: According to the latest report by IMARC Group, titled “AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global AI in fintech market size reached US$ 9.4 Billion in 2021. Fintech, or financial technology, is the use of advanced technology with financial services to automate banking and financial services. Artificial intelligence (AI) in the finance industry helps examine the cash, credit, and investment accounts of the organization. It also oversees the overall financial health by keeping up with real-time changes and customizing advice based on incoming data. AI and machine learning (ML) greatly benefit the finance industry as they help to process a large amount of data and information about customers. Nowadays, AI solutions in fintech are increasingly gaining traction due to the associated advantages of minimized cost, increased efficiency, reduced error, and better customer experience. It can also identify personally identifiable information (PII) leaked on the dark web while undertaking necessary actions to secure the data. Request market/requestsample for a PDF sample of this report: https://www.imarcgroup.com/ai-in-fintech-
Report Description and Highlights Report Description Global AI in Fintech Market Trends: The market is primarily driven by rapid advancements in technology, which have improved the business processes of financial service providers. The growing internet penetration and availability of spatial data are also fueling the market growth. Besides this, there has been an increasing demand for process automation among financial organizations, which is facilitating the evolution of cognitive process automation, where AI systems can perform more complex processes. In addition to this, various credit card companies are implementing predictive analytics into their existing fraud detection workflows to reduce false positives, which is significantly influencing the demand for AI in fintech. Moreover, rapid digitization in the banking, financial services and insurance (BFSI) industry that helps in operating virtual assistance, debt collection, sentiment and predictive analysis, reporting, and customer behavior analysis represents another major growth-inducing factor. Furthermore, the rising utilization of smart contracts for financial processes and the improvements in IT infrastructure are positively impacting the market growth. Looking forward, the market is expected to grow at a CAGR of 26.1% during the forecast period (2022- 2027). View Report TOC, Figures and Tables: https://www.imarcgroup.com/ai-in-fintech-market
Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: 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
Report Description and Highlights Report Description Breakup by Region: •North America •Asia Pacific •Europe •Latin America •Middle East and Africa Competitive Landscape with Key Players: •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.
Key Questions Answered in the Report Report Description 1. How has the global AI in fintech market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global AI in fintech market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the deployment model? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global AI in fintech market and who are the key players? 10. What is the degree of competition in the industry? 2. 3. 4. 5. 6. 7. 8. 9.
Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global AI in Fintech Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast
Report DescriptionTable of Contents 6 Market Breakup by Type 6.1 Solutions 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Services 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Deployment Model 7.1 Cloud-based 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 On-premises 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Application 8.1 Virtual Assistant (Chatbots) 8.1.1 Market Trends Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/ai-in-fintech-market/toc
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