AI in Fintech Market Size Hit US 49.33 Billion at a CAGR of 38.50% in 2028 | Microsoft, IBM
Increasing demand for AI in fintech in the cloud deployment mode coupled with high investment in R&D of AI in fintech are fueling the market growth. Market Size – USD 3,528.1 Million in 2020, Market Growth - CAGR of 38.50%, Market Trends – Increase in demand for AI in fintech in the regulatory compliance segment. The global AI in Fintech Market is forecast to reach USD 49.33 Billion by 2028, according to a new report by Reports and Data. The AI in fintech incorporates computational power and deep learning algorithms to the financial technology. A next-level of superiority in proper decision making, real-time automated customer support, reliable and faster trading & management, and overall fluidity in the workflow is accumulated with the help of artificial intelligence. Fraud detection, transaction risk investigation, consumer analysis are some of the highly impactful sectors having rejuvenated the traditional fintech operations with AI. The rising requirement of the virtu