Europe Artificial Intelligence In Fintech Market Report 2022: Process Automation is One of the Most Important Factors Fueling Sector Demand for Artificial Intelligence - ResearchAndMarkets.com

The market is being driven by the growing need for process automation among financial institutions.

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Retrieved on: 
Tuesday, August 9, 2022
Information
Tags: 
Finance, Professional Services, Technology, Fintech, Artificial Intelligence, Cloud, Country, Intelligence, Application, United Kingdom, Industry, AI, Technology, Ecosystem, Growth, Science and technology in Asia, Artificial intelligence, Government, Mark (given name), Automation, Component, Deployment, Efficiency, Solution, Renewable energy, Bank, Financial technology
Geotags: 
EUROPE, UK
Summary
Key Points: 
  • The market is being driven by the growing need for process automation among financial institutions.
  • In financial institutions, process automation is one of the most important factors fueling the demand for artificial intelligence.
  • Moreover, cognitive process automation is advancing, allowing AI systems to perform progressively more complicated automation procedures.
  • Due to these factors and rise in investment, the growth of the regional artificial intelligence in fintech market is expected to spur in the coming years.


The "Europe Artificial Intelligence In Fintech Market Size, Share & Industry Trends Analysis Report By Component (Solutions and Services), By Deployment (On-premise and Cloud), By Application, By Country and Growth Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

The Europe Artificial Intelligence In Fintech Market is expected to witness market growth of 16.5% CAGR during the forecast period (2022-2028).

The market is being driven by the growing need for process automation among financial institutions. In financial institutions, process automation is one of the most important factors fueling the demand for artificial intelligence. Moreover, cognitive process automation is advancing, allowing AI systems to perform progressively more complicated automation procedures.

Technology has the potential to improve transparency and efficiency, lower costs, and provide financial services to the most vulnerable. As institutions are impacted by the current wave of digital innovation, both society and businesses stand to benefit from these developments.

The United Kingdom has long been a leader in the financial services industry. FinTech's quick rise in the UK and geographical reach has been fueled by a perfect combination of expanding technological demand, correct touch regulation, and user participation in financial services, as well as the sector's response to the financial crisis.

The United Kingdom is the world's largest FinTech centre, with a robust ecosystem and a worldwide talent pool that encompasses the entire country. The UK government is continuing to set the worldwide standard for the application of technology, and much more widely, innovation in financial services, with a growing percentage of FinTech firms exporting abroad from the nation. Due to these factors and rise in investment, the growth of the regional artificial intelligence in fintech market is expected to spur in the coming years.

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Solutions
  • Services

By Deployment

  • On-premise
  • Cloud

By Application

  • Business Analytics & Reporting
  • Customer Behavioral Analytics
  • Fraud Detection
  • Virtual Assistant (Chatbots)
  • Quantitative & Asset Management
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

  • IBM Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • Google LLC
  • Intel Corporation
  • Salesforce.com, Inc.
  • Amazon Web Services, Inc.
  • ComplyAdvantage
  • Amelia US LLC
  • Inbenta Technologies, Inc.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

Chapter 3. Competition Analysis - Global

Chapter 4. Europe Artificial Intelligence In Fintech Market by Component

Chapter 5. Europe Artificial Intelligence In Fintech Market by Deployment

Chapter 6. Europe Artificial Intelligence In Fintech Market by Application

Chapter 7. Europe Artificial Intelligence In Fintech Market by Country

Chapter 8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/1foc1u

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