icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research  icrowd research icrowd research

AI in Fintech Market to Touch USD 39.1 Billion at 16.90% CAGR by 2032

Sep 27, 2023 3:00 PM ET

AI in Fintech Market to Touch USD 39.1 Billion at 16.90% CAGR by 2032

Market Analysis 

The global AI in Fintech market will touch USD 39.1 billion at a 16.90% CAGR by 2032, as per the recent Market Research Future report. Artificial Intelligence has revolutionized the financial technology (Fintech) market by introducing cutting-edge solutions that enhance efficiency, security, and customer experiences. AI’s integration has reshaped how financial services are delivered and managed, paving the way for a more technologically advanced and data-driven financial landscape.

Click here to get Pattern Premium Report:


Increasing Use in Fraud Detection to Boost Market Growth 

Financial fraud & malpractice may be quickly and accurately detected with the use of artificial intelligence. They make it possible for robots to accurately handle massive datasets, which may often be challenging for humans. Artificial intelligence provides a number of benefits when used to identify fraud. Quick computation is a well-known advantage of AI & machine learning.


Growing Need for Regulatory Compliance to offer Robust Opportunities 

The financial sector is governed by a complicated system of laws that differ between jurisdictions. In addition to being required, compliance with these rules is essential for preserving consumer confidence and the general integrity of financial systems. In keeping with this, AI in Fintech is essential for guaranteeing regulatory compliance & automatically tracking and analyzing millions of transactions to find abnormalities or violations of applicable laws.

Buy Now Premium Research Report – Get Comprehensive Market Insights.

Restraints and Challenges

High IT Set Up Cost to act as Market Restraints 

The high IT set up cost, concerns about handling bulk data, threats about cyber security, and dearth of skilled professionals may act as market restraints over the forecast period.

Key Players in AI in Fintech Market

Key players in the AI in Fintech market report include

  • Amazon Web Services, Inc.
  • Cisco Systems, Inc.
  • Cognizant
  • Capgemini
  • FICO
  • Hewlett Packard Enterprise Development LP
  • HCL Technologies Limited
  • IBM
  • Intel Corporation,
  • Inbenta Holdings Inc.
  • Microsoft
  • Oracle
  • Saleforce Inc.
  • SAP SE


AI in Fintech Market Segmentation 

The global AI in Fintech market is bifurcated based on component, deployment mode, and application.

  • By component, solution will lead this market in the forecast period.
  • By deployment mode, on-premises will domineer the market over the forecast period.
  • By application, business analytics & reporting will spearhead the market over the forecast period.


COVID-19 Analysis 

Since most Fintech companies adopted technology, the COVID-19 epidemic possessed a positive effect on the market for AI in Fintech. Artificial intelligence is assisting Fintech companies by making both the credit repair & credit monitoring faster & more accurate, resulting in customer satisfaction. Process automation and the use of biometric identification to decrease credit fraud are just two examples of how AI is driving advancements that improve customer outcomes while also assisting the leaders in the Fintech sector to operate more economically and effectively.

Additionally, since working methods and client banking habits evolved throughout the COVID-19 period, numerous FinTech’s have seen an increase in demand. With the introduction of AI-based financial services, banking has become quicker, more effective, and generally less expensive than traditional financial services. COVID-19 therefore had a favorable effect on the AI in Fintech sector. With the introduction of the AI-based financial services, banking has become quicker, more effective, and generally less expensive than traditional financial services. COVID-19 therefore had a favorable effect on AI in Fintech sector.

Browse In-depth Market Research Report:

Regional Analysis 

North America to Command AI in Fintech Market 

In 2022, this market was dominated by North America (45.80%). This high proportion can be linked to the fact that inventions which are the outcome of R&D are highly valued in the industrialized economies of the United States and Canada. Fintech AI technology is becoming more competitive and expanding in a number of directions. The rise of the banking industry is also supported by a large number of new startups and firms that provide AI services to the sector.

Additionally, the North American AI in Fintech market in North America saw the quickest growth in Canada, while the U.S. market had the greatest market share. In 2021, North America saw the fastest growth. This is explained by the fact that the great majority of the financial advisers in North America thinks artificial intelligence (AI) would revolutionize the Fintech industry and spurs the economic growth. In addition, AI has the ability to assist Fintech in maintaining and generating fresh growth in the face of increasingly difficult market conditions by improving operational efficiency and enhancing the client experience with more hyper-personalized insights & offerings.

Top Trending Reports: –


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Tags: , , , , ,

See Campaign:

Contact Information:

Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: [email protected] Website:


Research Newswire, English