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Artificial Intelligence (AI) in Fintech Market is expected to display a steady growth by 2028 due to the Increasing Demand for Process Automation Among Financial Organizations |CAGR: ~30%| UnivDatos Market InsightsNOIDA, India, Oct. 3, 2022 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, the AI in Fintech Market is expected to grow at a CAGR of around 30% from 2022-2028. The analysis has been segmented into Type (Service and Solution); Deployment (On-premises and Cloud); Application (Chatbots, Customer Behavioral Analytics, Business Analytics & Reporting, and Others); Region/Country.  Click here to view the Report Description & TOC https://univdatos.com/report/ai-in-fintech-market/ The AI in fintech market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the AI in fintech market. The AI in fintech market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the AI in fintech market at the global and regional levels. Request for Sample Pages https://univdatos.com/get-a-free-sample-form-php/?product_id=26129 Market Overview Artificial Intelligence (AI) in the fintech market is part of the data collection, analysis of the data, facilitating and securing transactions, providing customer-centric modules, and streamlining the process. Also, it provides better analytics, stronger security, virtual assistance, chatbot, and insight. AI in fintech allows fintech organizations to predict customer behavior by collecting their behavioral data. In recent times, AI in the fintech organization has witnessed a significant demand for AI technology in the fintech institution owing to the lower time consumption for the query and easier processing for monetary uses. Moreover, the covid pandemic has changed the behavioral structure of both institutional organizations & customers and allows the organization to implement faster as well as more convenient processes and propel the incorporation of AI in the fintech sector. The AI in Fintech Market is expected to grow at a steady rate of around 30% owing to the increasing demand for fraud detection, virtual helpers coupled with easy transactions, and chatbots for quick and instant query solutions. Major companies in the market offer are continuously focusing on innovative products by utilization of machine learning, big data analytics, and neural network, among others. Additionally, the increasing partnership among the industries is also propelling the demand for AI technology in fintech organizations. For instance, Activ.Ai and Talisma have partnered to provide an improved customer experience using a conversational AI-enabled chatbot in the BSFI sector. Some of the major players operating in the market include IBM, Narrative Science, Amazon Web Services Inc., Microsoft, HCL Technologies, HP Enterprise Development LP, Intel Corporation, SAP SE, Salesforce Inc., and CISCO System. COVID-19 Impact Due to travel limitations and the projected dismal financial performance of market players in 2020, the spread of the COVID-19 pandemic has hurt the AI in fintech industry. Supply chain execution, regulatory and policy changes, labor reliance, working capital management, and liquidity and solvency management are all major concerns for AI in fintech service providers. Since the COVID-19 epidemic has considerably diminished by the beginning of 2021, a lot of businesses are resuming operations. In addition, the pandemic has put a hold on investment and research & development activities and negatively impacted the market. Click here to view the Report Description & TOC https://univdatos.com/report/ai-in-fintech-market/ The global AI in fintech market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Have a Look at the Chapters - https://univdatos.com/report/ai-in-fintech-market/ AI in Fintech Market Geographical Segmentation Includes:
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing research & development expenditure coupled with the technological advancement in AI, ML, and big data analytics. Also, the increasing number of startups and the growing number of enterprises in the region are supporting AI in the fintech market for instance, according to a leading firm, Canada has approximately 700 fintech organizations with 18 found in the year 2020. Furthermore, the increasing investment by the individual and institutional bodies propel the market in the coming time. For instance, in March 2021, HighRadius, a startup for AI-based products for fintech received the USD 300 million in series C funding. The major players targeting the market include
Competitive Landscape The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the AI in fintech market. The major players have been analyzed by using research methodologies for getting insight views on global competition. Key questions resolved through this analytical market research report include:
• What are the crucial market acquisition strategies and policies applied by global companies? We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs. Browse Other Related Research Reports from UnivDatos Market Insights
AI in Fintech Market Report Coverage
About UnivDatos Market Insights (UMI) UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients. Contact UnivDatos Market Insights Logo: https://mma.prnewswire.com/media/1225049/UnivDatos_Logo.jpg
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