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Market Research Report
Product code
956161
AI in Fintech - Global Market Outlook (2019 -2027) |
AI in Fintech - Global Market Outlook (2019 -2027) |
Published: August 1, 2020
Stratistics Market Research Consulting
Content info: 194 Pages
Delivery time: 2-3 business days
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According to Stratistics MRC, the Global AI in Fintech Market is accounted for $2,617.13 million in 2019 and is expected to reach $35,230.1 million by 2027 growing at a CAGR of 38.4% during the forecast period. Some of the factors such as rising demand for process automation among financial organizations, increasing use of AI-enabled technological solutions are the major factors propelling the growth of the market. However, the lack of skilled consultants is hampering market growth.
AI in Fintech gets better results by applying techniques derived from aspects of Human Intelligence at a beyond human scale. The computational arms race for past years has revolutionized the Fintech companies. AI and machine learning have gained banks and fintech as they can develop huge amounts of information about customers. This data and information are then compared to obtain results about suitable services/products that customers want, which has aided, effectively, in developing customer relations.
Based on the application, the business analytics and reporting segment is likely to have a huge demand due to it helps in regulatory and compliance management as well as in the analysis of customer behaviour.
By geography, North America is estimated to have a lucrative growth due to the strong economy, robust presence of prominent A.I. software and system suppliers, and combined investment by government and private organizations for the development and growth of research & development activities.
Some of the key players profiled in the AI in Fintech Market include Ripple Labs Inc., Active.Ai, TIBCO Software (Alpine Data Labs), Trifacta Software Inc., Data Minr Inc., Zeitgold GmbH, Sift Science Inc., Pefin Holdings LLC, Betterment Holdings, WealthFront Inc., Intel Corporation, Sentifi AG, ComplyAdvantage.com, Narrative Science, Amazon Web Services Inc., IPsoft Inc., Next IT Corporation, Microsoft Corporation, Onfido, and IBM Corporation.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.