Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
The global AI in fintech market size attained a value of approximately USD 12.61 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 19.50%, reaching a value of around USD 62.65 billion by 2032.
AI technology is increasingly being adopted in the fintech sector to enhance decision-making and to facilitate predictive analysis, bolstering the operational efficiency of fintech services. Meanwhile, an unpredicted wave of loan applications are likely to be among the key AI in fintech market trends, fuelling the demand for AI to sanction digital loans. Incorporation of AI in fintech enables efficient 24X7 customer service which has enhanced customer satisfaction in real-time. Technology is constantly evolving with numerous ventures initiated by companies to research and develop new processes to improve the workflow. Artificial intelligence completes many tasks simultaneously, learns self-advancement, removes the need for human intervention, and reduces the margins of error. Usage of AI is helping the financial sector gain real-time actionable insights, creating opportunities for the growth of the market for AI in fintech.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
North America accounts for a healthy share of the global market for AI in fintech, owing to the developed financial sector in countries like the United States and Canada. Increased investments in research and development and innovations in AI technology are further strengthening the market in this region. Advancing technology and adoption of internet and mobile banking are expected to augment the AI in fintech market growth further. During the COVID 19 pandemic and post-pandemic, the finance technology market experienced high growth as the industry increasingly adopted internet banking as well as technology tools. Meanwhile, the Asia Pacific region is expected to witness significant growth in the market for AI in fintech.
AI in Fintech refers to the usage of artificial intelligence in financial technology, utilising modern technologies and AI to improve operations in the financial industry and provide improved services to end-user customers. It uses computer innovations to complete and deliver financial services, and provides services through software, such as online banking, mobile payment apps, and even cryptocurrency.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The AI in fintech market segmentation based on type is:
On the basis of deployment, the market is bifurcated into:
By application, the market is categorised into:
The regional markets for AI in fintech are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Collaborations in the market for AI in fintech are increasing worldwide, spurred by surge in fund transfers and operations in different sectors, resulting in increasing involvement of technology in financial services. Increasing globalisation has propelled the financial sector to implement advanced technologies such as artificial intelligence to automate and secure processes against fraudulent acts. Organisations which are dealing with data pile up can substantially benefit from using artificial intelligence, machine learning, and big data analysis, creating new ways to track and record transactions and financial assets.
Smart mobile payments are becoming increasingly popular as more people depend on online transactions when they collaborate and conduct business. Accordingly, many key players are launching and providing payment platforms and are continually developing them by adding new features, which is expanding the scope of the AI in fintech market. Adopting advanced technologies has helped fintech evolve in the investment management sector; it assists businesses in evaluating investment possibilities, creating portfolios, and mitigating risks.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The report gives a detailed analysis of the following key players in the global AI in fintech market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Deployment |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
In 2023, the global market of AI in fintech attained a value of approximately USD 12.61 billion.
The market is projected to grow at a CAGR of 19.50% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 62.65 billion by 2032.
The major market drivers include the expansion of the fintech sector, implementation of advanced technology in fintech, and increasing adoption of artificial intelligence.
The key trends of the market include widespread use of smart mobile payment applications, use of AI for automation, and increasing investments in research and development.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and Asia Pacific.
The primary types of AI in fintech in the market are solutions and services.
The significant deployments of AI in fintech in the market include cloud and on-premises.
The various applications of AI in fintech include chatbots, credit scoring, quantitative and asset management, and fraud detection, among others.
The major players in the market are Intel Corporation, Google LLC, Microsoft Corporation, IBM Corporation, TIBCO Software Inc., Super.AI Inc, NVIDIA Corporation, ComplyAdvantage, Amazon Web Services, Inc., Amelia US LLC, Cognizant, Capgemini SE, Onfido, Fair Isaac Corporation (FICO), HCL Technologies Limited, Oracle Corporation, and Salesforce, Inc, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124