Market for AI in Fintech to Reach USD 39.1 Billion by 2032

According to a report by Market Research Future, the market for artificial intelligence (AI) in fintech is expected to grow at a rate of 16.9% and reach an estimated size of USD 39.1 billion by 2032. AI fintech solutions offer greater personalized experiences to customers by facilitating better analyses of customer behaviors and subsequently tailoring services to their needs. AI fintech solutions also improve and automate fraud detection, identity verification and risk assessment processes, thereby making them more efficient and cost effective.