Global AI in Fintech Market Size 2021-26: Industry Overview, Market Share, Demand and Research Report
According to the latest report by IMARC Group, titled “ AI in Fintech Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ” the market to grow at a CAGR of XX% during 2021-2026. Fintech, or financial technology, represents the integration of advanced technologies with financial services to improve or automate banking and investing operations. Artificial intelligence (AI) is extensively used in financial institutions for detecting and preventing frauds through digital banking channels. This involves digital lending, mobile banking, asset management, credit scoring, insurance and trading processes, etc. AI in fintech is also applied for operating robo-advisors to offer financial planning services based on the individuals' goals, risk tolerance, budget, financial standing, spending patterns, etc. It also detects any personally identifiable information (PII) leaked on the dark web and undertakes necessary actions to secure the data. As the nov...