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Artificial Intelligence Courses in BFSI - North America Leads the Market | Technavio
[October 16, 2017]

Artificial Intelligence Courses in BFSI - North America Leads the Market | Technavio


The global artificial intelligence (AI) courses in the BFSI sector is expected to grow at an impressive CAGR of more than 34% during the forecast period, according to Technavio's latest market research.

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Technavio has published a new report on the global artificial intelligence courses in BFSI sector fr ...

Technavio has published a new report on the global artificial intelligence courses in BFSI sector from 2017-2021. (Graphic: Business Wire)

In this market research report, Technavio covers the market outlook and growth prospects of the global artificial intelligence courses in the BFSI sector for 2017-2021. The market is further categorized into two segments based on learning methods, including blended learning and online learning.

Technavio's research analysts segment the global artificial intelligence courses in the BFSI sector into the following regions:

  • North America
  • Europe
  • APAC
  • ROW

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North America: largest market for artificial intelligence courses in BFSI sector

North America has witnessed significant growth in AI learning and availing of certification courses in AI in the BFSI sector when compared to other geographies. There has been a growing demand for jobs that require the knowledge of AI in fintech. American companies such as FinTech AI Labs, Digit, and American Express (News - Alert) have expressed the need for fintech AI professionals and for robo-advisors for fintech. AI learnings with fintech services have witnessed significant influence by innovations an automation in the field of financial services, robotics, natural language processing.



"Individuals are influenced to take up AI course in the BFSI sector due to increased investments and fund allocations by corporations for the financial technology research and development. Apart from this, the gaining prominence and application of banking chatbots have also influenced corporate individuals to take up AI learning and pursue AI certification courses," says Jhansi Mary, a lead analyst at Technavio for K12 and higher education research.

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Global artificial intelligence courses in BFSI sector in Europe

Emphasis on AI applicability has increased to render better customer service in Europe. Customer service software such as myInvenio is being adopted by prominent European banks such as Credem Banca Private Bank. myInvenio is a business process discovery software that works on cognitive technology platform. It analyzes customer data from the bank's internal record source and collects data about that customer from social media to understand the needs of the customer. Based on this, the loan application process is optimized by considering the requirements of the individual.

"Regulatory authorities such as Markets in Financial Instruments Directive II prompt investment banks to cut their operating costs and improve their research quality. Similar enforcements by committees such as the European Economic and Social Committee are responsible for the development, deployment, and use of AI in European countries in a manner that it works in favor of the society and for its social well-being," says Jhansi.

Global artificial intelligence courses in BFSI sector in APAC

Prominent developed countries such as Australia, India, Singapore, China, and Japan in APAC are experiencing a rising demand for AI course certification in the BFSI sector. The fintech revolution in Japan in 2016 was for virtual currency. In countries like Australia, the development of the AI-enabled fintech digital ecosystem by banking institutions such as Cashflower and Boomeringo is increasing. This has improved consumer retention rate and their experience with bank services. The self-learning AI system is a tool to analyze customer behavior, suggest new investment opportunities and detect frauds and other financial crimes due to unauthorized access.

The top vendors in the global artificial intelligence courses in the BFSI sector as highlighted in this market research analysis are:

  • Hong Kong Securities and Investment Institute
  • EDCUBA
  • IBM (News - Alert)
  • futuretext

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