The generative artificial intelligence in fintech global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Generative Artificial Intelligence In Fintech Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The generative artificial intelligence (AI) in the fintech market size has grown exponentially in recent years. It will grow from $1.19 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 35%. The growth in the historic period can be attributed to the increasing availability of financial data, demand for automated financial services, growth in digital transactions, regulatory support for fintech innovation, need for improved risk management, and rising use of AI in customer service.
The generative artificial intelligence (AI) in the fintech market size is expected to see exponential growth in the next few years. It will grow to $5.36 billion in 2028 at a compound annual growth rate (CAGR) of 35.2%. The growth in the forecast period can be attributed to the growing focus on personalized financial services, increasing adoption of AI for fraud detection, demand for efficient compliance solutions, expansion of AI-driven asset management tools, rise in AI-powered predictive analytics, emphasis on real-time decision-making, growth in digital and online banking services. Major trends in the forecast period include the integration of AI with blockchain technology, development of advanced AI-driven trading algorithms, growth of AI-powered personal finance management tools, innovations in AI for credit scoring and lending, advancements in generative AI for financial forecasting and planning.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-in-fintech-global-market-report
Scope Of Generative Artificial Intelligence In Fintech Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Generative Artificial Intelligence In Fintech Market Overview
Market Drivers –
The increasing shift towards digital banking is expected to propel the growth of generative artificial intelligence in the fintech market going forward. Digital banking refers to using digital technology to offer and manage banking services and transactions through online platforms and mobile applications. The demand for digital banking is due to convenience, the adoption of smartphones, advancements in financial technology, and the need for enhanced security and efficiency in managing financial transactions. Generative artificial intelligence enhances digital banking by automating complex tasks, personalizing customer interactions, and improving decision-making processes while enabling financial institutions to optimize operations, manage risks, and deliver more efficient and tailored banking experiences. For instance, in April 2024, UK Finance Limited, a UK-based trade association for the banking and financial services sector, reported that digital-only bank accounts were experiencing significant growth, increasing from 24% in 2023 to 36% in 2024. Therefore, the increasing shift towards digital banking drives the generative artificial intelligence in the fintech market.
Market Trends –
Major companies operating in the generative artificial intelligence in fintech market are focused on developing advanced AI solutions, such as generative AI bond assistants, to enhance bond trading efficiency and support real-time pricing and portfolio management decisions. Generative AI bond assistants support bond trading and investment by providing real-time analysis, enhancing liquidity discovery, and assisting in identifying and selecting bonds based on user criteria. For instance, in June 2023, LTX by Broadridge, a US-based company that provides a trading platform for the corporate bond industry, launched BondGPT. This new generative AI application by OpenAI’s GPT-4 is designed to enhance the efficiency and effectiveness of trading in the U.S. corporate bond market. BondGPT provides users with a conversational interface to ask bond-related questions and identify corporate bonds based on specific criteria. The application integrates real-time liquidity information from LTX’s Liquidity Cloud and uses advanced bond similarity technology to match bonds with similar characteristics to user-defined parameters. This innovation aims to simplify the bond selection and portfolio construction processes, offering asset managers, hedge funds, and dealers improved liquidity discovery and pricing decision support.
The generative artificial intelligence in fintech market covered in this report is segmented –
1) By Component: Service, Software
2) By Deployment: On-Premises, Cloud
3) By Application: Compliance And Fraud Detection, Personal Assistants, Asset Management, Predictive Analysis, Insurance, Business Analytics And Reporting, Customer Behavioral Analytics, Other Applications
4) By End-Use: Retail Banking, Investment Banking, Stock Trading Firms, Hedge Funds, Other End-Uses
Get an inside scoop of the generative artificial intelligence in fintech market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19481&type=smp
Regional Insights –
North America was the largest region in the generative artificial intelligence (AI) in the fintech market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence in fintech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the generative artificial intelligence in fintech market are Google LLC, Microsoft Corporation, Amazon Web Services Inc., Intel Corporation, International Business Machines Corporation, Morgan Stanley, Salesforce Inc., Capgemini Services SAS, Mastercard International Inc., Infosys Ltd., Adobe Inc., Temenos AG, Upstart Network Inc., Darktrace Holdings Limited, C3.AI inc., DataRobot Inc., Kore.AI inc., AlphaSense Inc., H2O.AI inc., Zest AI inc., Kasisto Inc., CLARA Analytics Inc., Zapata Computing Inc.
Table of Contents
1. Executive Summary
2. Generative Artificial Intelligence In Fintech Market Report Structure
3. Generative Artificial Intelligence In Fintech Market Trends And Strategies
4. Generative Artificial Intelligence In Fintech Market – Macro Economic Scenario
5. Generative Artificial Intelligence In Fintech Market Size And Growth
…..
27. Generative Artificial Intelligence In Fintech Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
