AI in Fintech Market Research and Forecast Report 2023-2028

1. Global AI in Fintech Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global AI in Fintech Market Research Report: The latest report by IMARC, titled “AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global AI in fintech market size reached US$ 11.7 Billion in 2022. 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 Free Sample Report: https://www.imarcgroup.com/ai-in-fintech-market/requestsample

4. 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 25.5% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: 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

6. Report Description and Highlights Report Description • 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

7. Report Description and Highlights Report Description 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 Verint Systems Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/ai-in-fintech-market

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9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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