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Artificial Intelligence (AI) in Fintech Market Key Insights
Artificial Intelligence (AI) in Fintech Market Analysis by Regions
Artificial Intelligence (AI) in Fintech Market Analysis by Segments
Artificial Intelligence (AI) in Fintech Market Size (current and future)
Artificial Intelligence (AI) in Fintech Market Competitive Benchmarking
2 years ago
Global Artificial Intelligence (AI) in Fintech Market Size study with COVID-19 Impact, by Component (Solution and Services), Deployment Mode (Cloud and On-Premises), by Application (Virtual Assistants (Chatbots), Business Analytics and Reporting, Customer Behavioral Analytics and Others) and Regional Forecasts 2020-2026.
Global Artificial Intelligence (AI) in Fintech Market is valued approximately USD 2.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 40.4 % over the forecast period 2020-2026. Artificial Intelligence (AI) improves results by applying methods derived from aspects of Human Intelligence at a beyond human scale and performs tasks such as learning, decision making...
Artificial Intelligence (AI) in Fintech Market
Artificial intelligence in FinTech embraces behavioral solutions and has the potential to bring about a financial revolution. The AI is able to observe how a customer interacts with their transactions and identify their typical behavior. Multiple times in a row, a customer attempts to withdraw $** from their account outside of their usual location. Machine learning powered by AI will identify this activity as potentially fraudulent and block it.
Increased efficiency and accuracy in decision-making, improved customer service, reduced costs associated with traditional processes, and enhanced insight that can assist banks in identifying vulnerabilities and trends are all advantages of using AI in banking. AI can be used in banking, but there are limits to how much it can be used because of security concerns about privacy and regulations.
The Asia-Pacific region is projected to grow at a CAGR of **% between 2018 and 2031. This report focuses on the growth prospects for artificial intelligence (AI) in the Asia-Pacific fintech market.
IBM Corporation, Microsoft Corporation, Google Inc., and Bain & Company are some of the leading competitors in this market.
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