The global AI in the Fintech market size was US$ 8.2 billion in 2021. The global AI in Fintech market size is estimated to reach US$ 50.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2022 to 2030.
AI has been verified to be such a sensation in the Fintech industry as it offers tremendous growth to security. AI in cyber security commonly comes in the chatbots that transform repeatedly asked queries into simulated discussions. Moreover, they can reset forgotten passwords or grant extra access where required. Also, customer assistance is a famous department of Fintech that has been developed by AI.

Factors Influencing Market Growth

? Fintech firms from digital banks to payment gateway providers and stock-trading apps are rising harnessing the strength of AI for fintech crypto to automate continuity of work, enhance decision-making, and add value. Thus, driving the expansion of the overall market.
? The exclusivity of AI in Fintech is the significant factor restraining the growth of the overall market.
? AI in Fintech assists in catching fraud, which is a primary problem in the Fintech sector driving the overall market expansion.

Effect of the COVID-19 Pandemic

The adoption of artificial intelligence (AI) by several industries, such as banks and financial institutions has boosted the growth of the market during the pandemic. COVID-19 has rapidly accelerated the mainstream adoption of digital payment methods. In addition, consumers wanted an efficient and better user experience, as well as easy, automatic, and widely accepted new payment methods during the pandemic.

Regional Analysis

North America recorded the highest growth in 2021. This is due to the fact that a large number of financial advisors in the region think that artificial intelligence (AI) is anticipated to change the Fintech industry and drive business expansion. Furthermore, against increasingly challenging market conditions, AI has the strength to help Fintech support and drive new opportunities, by creating working efficiencies and changing customer knowledge through more hyper-personalized products and insights.

Leading Competitors
The prominent players in the global AI in Fintech market are:
? TIBCO Software
? Microsoft
? Inbenta Holdings
? Capgemini
? Cisco Systems
? HCL Technologies
? Intel Corporation
? Cognizant
? ComplyAdvantage
? Amazon Web Services
? Others
Segmentation Analysis
The global AI in Fintech market segmentation focuses on Components, Deployment Mode, Application, and Region.
Segmentation on the basis of Components
? Solution
? Services

Segmentation on the basis of Deployment Type
? On-premise
? Cloud

Segmentation on the basis of Application

? Virtual Assistants (Chatbots)
? Business Analytics and Reporting
? Customer Behavioral Analytics

Segmentation on the basis of Region
? North America
? The U.S.
? Canada
? Mexico
? Europe
? Western Europe
? The UK
? Germany
? France
? Italy
? Spain
? Rest of Western Europe
? Eastern Europe
? Poland
? Russia
? Rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia & New Zealand
? ASEAN
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? UAE
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Brazil
? Argentina
? Rest of South America