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PUBLISHER: Grand View Research | PRODUCT CODE: 1363424

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PUBLISHER: Grand View Research | PRODUCT CODE: 1363424

Generative AI In Fintech Market Size, Share & Trends Analysis Report By Component (Service, Software), By Deployment (On-premises, Cloud), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

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Table of Contents

List of Tables

Generative AI In Fintech Market Growth & Trends:

The global generative AI in fintech market size is projected to reach USD 9.87 billion by 2030, according to a study conducted by Grand View Research, Inc.. The market is estimated to grow at a CAGR of 36.1% from 2023 to 2030. The use of generative artificial intelligence (AI) for customized financial solutions is one prominent development. By examining massive data, generative AI models may produce customized investment suggestions, savings, and financial planning suggestions. This tendency aligns with the growing need for customized experiences and the desire to maximize financial results based on unique objectives and conditions. Combining generative AI with behavioral finance is another growing trend in the market. To better understand user demands and enable the delivery of highly customized financial goods and services, fintech businesses utilize generative AI to analyze client behavior, preferences, and trends.

The use of generative AI in fraud detection and prevention is one major trend; it examines large datasets to find patterns and anomalies suggestive of fraudulent activity. In addition, generative AI-driven chatbots improve customer service by offering individualized guidance and handling of financial duties. By enabling the examination of many data sources to create more precise lending decisions, generative AI has also enhanced risk assessment and underwriting procedures. In addition, generative AI is used for portfolio management and investment strategies, utilizing past market data to produce insights and optimize investment decisions.

One of the key trends in the generative AI fintech market's compliance and fraud detection area is the creation of explainable AI models. Explainable AI is the capacity of AI systems to offer clear and concise justifications for their judgments and forecasts. The necessity for financial institutions to adhere to regulatory standards, build confidence, and guarantee responsibility in compliance and fraud detection procedures is what is driving this development. Explainable AI models for compliance and fraud detection assist in overcoming the difficulty of deciphering complicated AI algorithms and offer unmistakable insights into the variables affecting a decision. It offers the possibility for auditors, authorities, and compliance officers to comprehend and verify the logic underlying the results of AI-driven compliance and fraud detection.

Generative AI-powered solutions are used more often by European financial institutions to optimize investment strategies, improve client experiences, and streamline procedures. Consumers are increasingly interested in personalized financial services, which provide suggestions and insights based on their tastes and financial objectives and are powered by generative AI algorithms. In addition, generative AI supports compliance efforts by assisting financial institutions in navigating complicated regulatory environments and accurately identifying fraudulent activity. Generative AI is anticipated to foster innovation and reshape the European fintech business with the evolving changes and trends.

Generative AI In Fintech Market Report Highlights:

  • In terms of application, the compliance & fraud detection segment dominated the market in 2022 with a revenue share of 19.1%. Compliance and fraud detection in the fintech business are increasing due to the increasing complexity of financial transactions, the growing threat of cybercrime, and the need for regulatory adherence to assure confidence and security in the digital financial ecosystem
  • In terms of end-use, the investment banking segment dominated the market in 2022 with a market share of 30.3%. Investment banks are adopting generative AI to simplify their processes and gain an advantage over rivals. These AI-driven systems can analyze big datasets, produce insightful results, and automate challenging financial modeling activities
  • In terms of deployment, the on-premises segment dominated the market in 2022 with a revenue share of 60.0%. Many financial organizations choose on-premises deployment of generative AI in fintech solutions for various reasons, including data security concerns, regulatory compliance requirements, and increased control over their systems
  • In terms of component, the service segment is estimated to register the highest CAGR of over 38% over the forecast period. The fraud detection and risk management service sector is experiencing a substantial movement towards AI-driven anomaly detection in the generative AI-powered fintech industry. Fintech organizations use generative AI algorithms to analyze enormous volumes of transactional and behavioral data to spot strange patterns and dubious behavior that might be signs of fraud or high-risk behavior
  • In terms of region, owing to numerous top fintech companies and the adoption of advanced technology, notably in the U.S. market, North America dominate the market in 2022 with the largest revenue share of over 34%
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Product Code: GVR-4-68040-111-4

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation and Scope
  • 1.2. Research Methodology
    • 1.2.1. Information Procurement
  • 1.3. Information or Data Analysis
  • 1.4. Methodology
  • 1.5. Research Scope and Assumptions
  • 1.6. Market Formulation & Validation
  • 1.7. Country Based Segment Share Calculation
  • 1.8. List of Data Sources

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
  • 2.3. Competitive Insights

Chapter 3. Generative AI in Fintech Market Variables, Trends, & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Market Dynamics
    • 3.2.1. Market Driver Analysis
      • 3.2.1.1. Innovative fraud detection and risk management solutions
      • 3.2.1.2. Generative AI is quickly becoming necessary for personalized financial services.
    • 3.2.2. Market Restraint Analysis
    • 3.2.3. Lack of Data Privacy and Security Issues Industry Challenge
  • 3.3. Generative AI in Fintech Market Analysis Tools
    • 3.3.1. Industry Analysis - Porter's
      • 3.3.1.1. Bargaining power of the suppliers
      • 3.3.1.2. Bargaining power of the buyers
      • 3.3.1.3. Threats of substitution
      • 3.3.1.4. Threats from new entrants
      • 3.3.1.5. Competitive rivalry
    • 3.3.2. PESTEL Analysis
      • 3.3.2.1. Political landscape
      • 3.3.2.2. Economic and Social landscape
      • 3.3.2.3. Technological landscape
  • 3.4. Pain Point Analysis

Chapter 4. Generative AI in Fintech Market: Component Estimates & Trend Analysis

  • 4.1. Segment Dashboard
  • 4.2. Generative AI in Fintech Market: Component Movement Analysis, USD Million, 2022 & 2030
  • 4.3. Service
    • 4.3.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 4.4. Software
    • 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Generative AI in Fintech Market: Deployment Estimates & Trend Analysis

  • 5.1. Segment Dashboard
  • 5.2. Generative AI in Fintech Market: Deployment Movement Analysis, USD Million, 2022 & 2030
  • 5.3. On-Premises
    • 5.3.1. On-Premises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 5.4. Cloud
    • 5.4.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Generative AI in Fintech Market: Application Estimates & Trend Analysis

  • 6.1. Segment Dashboard
  • 6.2. Generative AI in Fintech Market: Application Movement Analysis, USD Million, 2022 & 2030
  • 6.3. Compliance & Fraud Detection
    • 6.3.1. Compliance & Fraud Detection Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.4. Personal Assistants
    • 6.4.1. Personal Assistants Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.5. Asset Management
    • 6.5.1. Asset Management Companies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.6. Predictive Analysis
    • 6.6.1. Predictive Analysis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.7. Insurance
    • 6.7.1. Insurance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.8. Business Analytics & Reporting
    • 6.8.1. Business Analytics & Reporting Companies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.9. Customer Behavioral Analytics
    • 6.9.1. Customer Behavioral Analytics Companies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 6.10. Others
    • 6.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Generative AI in Fintech Market: End-use Estimates & Trend Analysis

  • 7.1. Segment Dashboard
  • 7.2. Generative AI in Fintech Market: End-use Movement Analysis, USD Million, 2022 & 2030
  • 7.3. Retail Banking
    • 7.3.1. Retail Banking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 7.4. Investment Banking
    • 7.4.1. Investment Banking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 7.5. Stock Trading Firms
    • 7.5.1. Stock Trading Firms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 7.6. Hedge Funds
    • 7.6.1. Hedge Funds Process Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 7.7. Other Industries
    • 7.7.1. Other Industries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Generative AI in Fintech Market: Regional Estimates & Trend Analysis

  • 8.1. Generative AI in Fintech Market Share, By Region, 2022 & 2030, USD Million
  • 8.2. North America
    • 8.2.1. North America Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.2.2. U.S.
      • 8.2.2.1. U.S. Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.2.3. Canada
      • 8.2.3.1. Canada Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 8.3. Europe
    • 8.3.1. Europe Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.3.2. UK
      • 8.3.2.1. UK Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.3.3. Germany
      • 8.3.3.1. Germany Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.3.4. France
      • 8.3.4.1. France Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 8.4. Asia Pacific
    • 8.4.1. Asia Pacific Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.4.2. China
      • 8.4.2.1. China Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.4.3. Japan
      • 8.4.3.1. Japan Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.4.4. India
      • 8.4.4.1. India Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.4.5. South Korea
      • 8.4.5.1. South Korea Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.4.6. Australia
      • 8.4.6.1. Australia Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 8.5. Latin America
    • 8.5.1. Latin America Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.5.2. Brazil
      • 8.5.2.1. Brazil Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.5.3. Mexico
      • 8.5.3.1. Mexico Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
  • 8.6. Middle East and Africa
    • 8.6.1. Middle East and Africa Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.6.2. South Africa
      • 8.6.2.1. South Africa Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.6.3. Saudi Arabia
      • 8.6.3.1. Saudi Arabia Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)
    • 8.6.4. UAE
      • 8.6.4.1. UAE Generative AI in Fintech Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Landscape

  • 9.1. Company Categorization
  • 9.2. Company Market Positioning
  • 9.3. Participant's Overview
  • 9.4. Financial Performance
  • 9.5. Product Benchmarking
  • 9.6. Company Heat Map Analysis
  • 9.7. Strategy Mapping
  • 9.8. Company Profiles/Listing
    • 9.8.1. Open AI
    • 9.8.2. Microsoft Corporation
    • 9.8.3. Google LLC
    • 9.8.4. Genie AI Ltd.
    • 9.8.5. IBM Corporation
    • 9.8.6. MOSTLY AI Inc.
    • 9.8.7. Veesual AI
    • 9.8.8. Adobe Inc.
    • 9.8.9. Synthesis AI
    • 9.8.10. Salesforce
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Product Code: GVR-4-68040-111-4

List of Tables

  • Table 1 Global Generative AI in Fintech Market by Component, 2018 - 2030 (USD Million)
  • Table 2 Global Generative AI in Fintech Market by Deployment, 2018 - 2030 (USD Million)
  • Table 3 Global Generative AI in Fintech Market by Application, 2018 - 2030 (USD Million)
  • Table 4 Global Generative AI in Fintech Market by End-use 2018 - 2030 (USD Million)
  • Table 5 Global Generative AI in Fintech Market by Region, 2018 - 2030 (USD Million)
  • Table 6 North America Generative AI in Fintech Market by country, 2018 - 2030 (USD Million)
  • Table 7 Europe Generative AI in Fintech Market by country, 2018 - 2030 (USD Million)
  • Table 8 Asia Pacific Generative AI in Fintech Market by country, 2018 - 2030 (USD Million)
  • Table 9 Latin America Generative AI in Fintech Market by country, 2018 - 2030 (USD Million)
  • Table 10 MEA Generative AI in Fintech Market by country, 2018 - 2030 (USD Million)
  • Table 11 Key companies launching new products/services
  • Table 12 Key companies engaged in mergers & acquisition
  • Table 13 Key companies engaged in Research & development
  • Table 14 Key Companies engaged in expansion

List of Figures

  • Fig. 1 Generative AI in Fintech Market segmentation
  • Fig. 2 Market research process
  • Fig. 3 Information procurement
  • Fig. 4 Primary research pattern
  • Fig. 5 Market research approaches
  • Fig. 6 Value chain-based sizing & forecasting
  • Fig. 7 Market formulation & validation
  • Fig. 8 Generative AI in Fintech Market Snapshot
  • Fig. 9 Generative AI in Fintech Market segment snapshot
  • Fig. 10 Generative AI in Fintech Market competitive landscape snapshot
  • Fig. 11 Market research process
  • Fig. 12 Market driver relevance analysis (Current & future impact)
  • Fig. 13 Market restraint relevance analysis (Current & future impact)
  • Fig. 14 Generative AI in Fintech Market, Component outlook key takeaways (USD Million)
  • Fig. 15 Generative AI in Fintech Market: Component movement analysis, 2022 & 2030 (USD Million)
  • Fig. 16 Service market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 17 Software/Video market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 18 Generative AI in Fintech Market: Deployment outlook key takeaways (USD Million)
  • Fig. 19 Generative AI in Fintech Market: Deployment movement analysis (USD Million), 2022 & 2030
  • Fig. 20 On-premises market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 21 Cloud market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 22 Generative AI in Fintech Market: Application outlook key takeaways (USD Million)
  • Fig. 23 Generative AI in Fintech Market: Application movement analysis (USD Million), 2022 & 2030
  • Fig. 24 Compliance & Fraud Detection market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 25 Personal Assistants Imaging Centers market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 26 Asset Management Technology Companies market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 27 Predictive Analysis market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 28 Insurance market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 29 Business Analytics & Reporting market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 30 Customer Behavioral Analytics Companies market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 31 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 Generative AI in Fintech Market, End-Use outlook key takeaways (USD Million)
  • Fig. 33 Generative AI in Fintech Market: End Use movement analysis (USD Million), 2022 & 2030
  • Fig. 34 Retail Banking market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Investment Banking market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 Stock Trading Firms market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Hedge Funds market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 Other Industries market revenue estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 Regional marketplace: Key takeaways
  • Fig. 40 Generative AI in Fintech Market: Regional outlook, 2022 & 2030, USD Million
  • Fig. 41 North America Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 42 U.S. Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 43 Canada Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 44 Europe Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 45 UK Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 46 Germany Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 47 France Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 48 Asia Pacific Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 49 Japan Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 50 China Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 51 India Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 52 South Korea Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 53 Australia Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 54 Latin America Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 55 Brazil Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 56 Mexico Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 57 MEA Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 58 South Africa Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 59 Saudi Arabia Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 60 UAE Generative AI in Fintech Market Estimates and forecasts, 2018 - 2030 (USD Million)
  • Fig. 61 Strategy framework
  • Fig. 62 Company Categorization
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