AI in FinTech Industry Analysis By The Business Research Company

The Business Research Company's AI in FinTech market research report expands on key drivers, trends, and growth opportunities in the market.

LONDON, June 30, 2022 /PRNewswire/ -- The AI in fintech market consists of sales of AI as software by entities (organizations, sole traders, and partnerships) that are used in the fintech space. AI is a part of fintech companies in terms of collection of data, analyzing information, securing and facilitating transactions, creating customer-centric products, and streamlining processes. It provides stronger security, better analytics, and insights, virtual assistance, and chatbots.

The global AI in fintech market size is expected to grow from $7.25 billion in 2021 to $9.13 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%. The global AI in fintech market size is expected to grow to $24.17 billion in 2026 at a CAGR of 27.6%.

Request a free sample of the AI in FinTech Market Report

AI in FinTech Market Segmentation

1) By Type: Solutions, Services

2) By Deployment: Cloud, On-Premise

3) By Application: Asset Management, Risk Investigation, Business Analytics, Regulatory Compliance, Data Collection, Predictive Analytics, Virtual Assistance, Others

AI in FinTech Market Outlook

The need for fraud detection in fintech or financial institutions is contributing to the growth of AI in the fintech market. Artificial intelligence or machine learning algorithms can learn new information from the data collected. The more data that AI manipulates, the more AI can be learned, and banks can thus gain deeper insights with AI technology. The biggest advantage of AI is that over time the algorithm builds on collecting more data and learning more about how to use it. The advantage is that it starts the moment the AI is deployed and continues to grow without interruption of contribution.

Key Players And Their Strategies In The AI in FinTech Industry

Major players in the AI in fintech market are Microsoft, Google, IBM Corporation, Intel Corporation, Amazon Web Services, IPsoft, Salesforce Inc, Nuance Communications, Next IT Corporation, Trifacta Software Inc, Inbenta Technologies, Zeitgold GmbH, and Onfido.

Mergers and acquisitions are an important strategy in the FinTech AI industry. In May 2020, Cleareye.ai, Inc, a US-based fintech company, acquired AIWare.ai for an undisclosed deal amount. Through this acquisition, Cleareye.ai combines both company teams of AIWare.ai and Cleareye.ai to strengthen their ability to offer solutions such as leveraging artificial intelligence, bionic automation, and advanced analytics. Aiware.ai is an Indian startup that specializes in AI and provides services in the fintech industry.

See more on the AI in FinTech Market Report

Check out similar market reports:

Blockchain In Banking And Financial Services Global Market Report 2022 – By Type (Public Blockchain, Private Blockchain), By Application (Fund Transaction Management, Real Time Loan Funding, Liquidity Management) – Market Size, Trends, And Global Forecast 2022-2026

Fintech Market - By Type Of Service (Payments, Wealth Management, Insurance, Personal Loans, Personal Finance, Fund Transfer), By Technology (Mobile Commerce And Transfers, Robotic Process Automation, Data Analytics), By Service Provider (Payment Processors, Securities Brokerages And Investment Firms, Banks, Non-Banking Financial Companies), And By Region, Opportunities And Strategies – Global Forecast To 2030

Artificial Intelligence Services Global Market Report 2022 – By Technology (Machine Learning, Computer Vision, Natural Language Processing (NLP)), By Services Type (Managed Services, Professional Services), By Software Tools (Web-based and Cloud Application Programming Interface, Processing and Modeler, Archiving and Data Storage), By Application Type ( Fraud Detection, Data Analytics & Visualization, Customer Service and Management, Rsik Management, Compliance & Security ), By End-user (Banking, Financial, and Insurance (BFSI), IT & Telecom, Retail, Manufacturing, Public Sector, Energy & Utility, Healthcare ) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

Contact Information 
The Business Research Company
Europe: +44 207 1930 708 
Asia: +91 8897263534 
Americas: +1 315 623 0293 
Email: info@tbrc.info 
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: http://blog.tbrc.info/

Logo: https://mma.prnewswire.com/media/1751581/tbrc_logo.jpg

SOURCE The Business Reseach Company