DUBLIN–(BUSINESS WIRE)–The “AI in Fintech – Global Market Outlook (2019 -2027)” report has been added to ResearchAndMarkets.com’s offering.
Global AI in Fintech Market 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.
What the report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Company Profiling
- 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
- IBM Corporation
Deployments Covered:
- On-premise
- Cloud
Components Covered:
- Services
- Solutions
- Hardware
Place of Deployments Covered:
- back Office
- Front Office
Applications Covered:
- business Analytics and Reporting
- Virtual Assistants (Chatbots)
- Customer behavioural Analytics
- Risk Investigation
- Quantitative and Asset Management
- Fraud Detection
- Know Your Customer (KYC)
- Accounting
- Customer Service
- P2P lending
- Insurance Support
- Network Security
- Capital Markets
- Other Applications
End-users Covered:
- Retail banking
- Hedge Funds
- Stock Trading Firms
- Investment banking
Machine Learning Applications Covered:
- Unsupervised Learning
- Supervised Learning
- Reinforced Learning
- Semi-supervised Learning
- Deep Learning
- Natural Language Processing
- Machine Vision
For more information about this report visit https://www.researchandmarkets.com/r/6ymg0c