Financial industry stays ahead in the adoption of new technologies. Big banks such as JP Morgan are the early adopters of disruptive technologies like blockchain and cryptocurrencies. Artificial Intelligence (AI) is a paradigm-shifting technology that is seamlessly changing the financial sector. Various application of AI in Fintech sector are accurate decision making, automated customer support, claim management, insurance management, fraud detection, virtual financial assistance, predictive analysis, and others.
For customers, banks and other financial institution offers real-time access to accounts, personalized financial recommendations, manage savings, making micro-investments, expense tracking, budgeting, and others. The key benefit of AI in Fintech is that it improves the financial services experience. AI in Fintech meets the demands of customers on a real-time basis.
Companies profiled in this report includes, Amazon Web Services, ComplyAdvantage, Google, IBM Corporation, Inbenta Technologies Inc., Intel Corporation, IPsoft Inc., Nuance Communications, Inc., Salesforce, inc., SAMSUNG among others.
The changing business model in the financial sector and continuous adoption of advanced technology such as artificial intelligence, predictive analytics, the blockchain, and others are significantly driving the AI in Fintech market. The increasing adoption of smartphones is expected to drive the AI in Fintech market significantly during the forecast period. The availability of spatial data and increasing penetration of the internet are among the key drivers for global AI in Fintech market.
The global AI in Fintech market is segmented on the basis of component, application, and deployment. Based on component, the market is segmented as software, platform, and services. On the basis of application the market is segmented as virtual assistant, business analytics and reporting, customer behavioral analytics, fraud detection, and others. The market on the basis of deployment is classified as on-premise and cloud based.
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AI in Fintech Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
Reasons to Buy the Report:
The report helps the market leaders and new entrants in the AI in Fintech market in the following ways:
- The report segments the market into various subsegments; hence, it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and its subsegments.
- The report helps understand the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
- The report helps better understand competitors and gain more insights to strengthen organizations’ position in the market. In addition to this, the report presents the positioning of the key players based on their product offerings and business strategies.
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