What is Artificial Intelligence in fintech market growth?

The global AI in fintech market is expected to grow at a compound annual growth rate (CAGR) of 16.5 % from 2022 to 2030 and is anticipated to reach USD 41.16 billion by 2030.

Which component held the largest share of the Artificial Intelligence in fintech market?

The solution segment dominated the AI in fintech market with a share of 77.6% in 2021. The high share can be attributed to software tools, as they aid in deploying AI-enabled solutions in the banking industry to extract correct and complete data with a significant amount of data and on time.

Who are the key players in Artificial Intelligence in fintech market?

Some key players operating in the AI in fintech market include Microsoft, Google LLC, Salesforce, Inc., International Business Machines Corporation, Amelia US LLC, Nuance Communications, Inc., ComplyAdvantage.com, Narrative Science, Affirm, Inc., Upstart Network, Inc. Instructure, Inc., Intel, Inbenta, technologies, Amazon web services and Oracle.

What are the factors driving Artificial Intelligence in fintech market?

Key factors driving the AI in fintech market growth include high AI adoption in financial organizations to detect and prevent fraud through digital banking channels. AI technology can determine a customer's typical behavior by monitoring how they interact and considering their transactions.

Which region accounted for the highest share of Artificial Intelligence in fintech market?

North America dominated the AI in fintech market in 2021 and held over 40.3% share of the global revenue. This high share can be attributed to a strong emphasis on R&D-derived inventions in the developed economies of the U.S. and Canada. These regions have the most competitive and fastest developing AI technology in fintech.