Annual growth of 17.7% expected through 17.7%

Dublin, August 5, 2022 /PRNewswire/ — The “Asia Pacific Artificial Intelligence in Fintech Market Size, Share and Industry Trend Analysis Report by Component (Solutions and Services), Deployment (On-Premise and Cloud), by Application, Country and Growth Forecast, 2022 – 2028” report has been added of ResearchAndMarkets.com Presentation.

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Asia Pacific Artificial Intelligence in Fintech Market is expected to witness a growth of 17.7% CAGR in the market during the forecast period (2022-2028).

Artificial intelligence enhances outcomes by employing approaches derived from human intelligence but applied at a scale that is not human. Fintech firms have been transformed in recent years as a result of the computational arms race. Additionally, an almost endless amount of data is propelling AI to unprecedented heights, and smart contracts may only be a continuation of the current market trend.

In the banking industry, AI is used to view an individual’s overall financial health, keep up with real-time changes, and provide tailored advice based on newly incoming data by checking cash accounts, investment accounts and credit accounts. Is. Banks and fintech companies have benefited from AI and machine learning as they can process huge amounts of data on customers. This information and data are compared to arrive at a conclusion about what services/products customers want, which have benefited from the development of customer relationships.

Hong Kong It is a developed metropolis with high rates of mobile phone usage and internet, providing a solid foundation for the city’s fintech ecosystem. According to Invest Hong Kong, there are around 600 fintech enterprises and startups in the country. Similarly, 86% of local banks have or plan to implement fintech solutions across all financial services. Consumer fintech adoption in the city was ranked among the top five in developed markets in the world. Since 2014, Hong Kong Fintech businesses have grown $1.1 billion in venture financing. Digital payments, securities settlement, wealthtech, electronic Know Your Customer (KYC) and digital identification utilities, insurtech, blockchain, data analytics and other fintech opportunities abound. Hong Kong,

HKMA Launches Fintech Supervisory Sandbox (FSS) September 2016, allowing banks and their associated technology businesses to conduct pilot testing of their fintech projects with a small number of consumers without having to meet all of HKMA’s supervisory standards. This arrangement allows banks and tech companies to collect data and user feedback to improve their innovation efforts, allowing them to deploy new technology solutions faster and for less money. Owing to this government support and heavy investment in advanced solutions, the growth of regional artificial intelligence in the fintech market is expected to increase over the forecast years.

China Asia Pacific artificial intelligence was the market dominated by country in the fintech market in 2021, and is expected to remain a dominant market until 2028; Thus, getting the market value of $1,908.9 million by 2028 Japan The market is poised to grow at a CAGR of 17% during (2022-2028). Additionally, the India The market is expected to exhibit a CAGR of 18.4% during (2022-2028).

scope of the study
Market segments covered in the report:
by component

by deployment

by application

  • Business Analytics and Reporting

  • customer behavior analysis

  • fraud detection

  • Virtual Assistant (Chatbot)

  • Quantitative and asset management

  • other

by country

  • China

  • Japan

  • India

  • South Korea

  • Singapore

  • Malaysia

  • the rest Asia Pacific

major market player

  • IBM Corporation

  • Oracle Corporation

  • Microsoft Corporation

  • Google LLC

  • Intel Corporation

  • Salesforce.com, Inc.

  • Amazon Web Services, Inc.

  • compliance benefits

  • Amelia US LLC

  • Inbenta Technologies, Inc.

Major topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competition Analysis – Global

Chapter 4. Asia Pacific Artificial Intelligence in Fintech Market by Component

Chapter 5. Asia Pacific Artificial Intelligence in the Fintech Market by Deployment

Chapter 6. Asia Pacific Artificial Intelligence in Fintech Market by Application

Chapter 7. Asia Pacific Artificial Intelligence in Fintech Market by Country

Chapter 8. Company Profile

For more information about this report, visit https://www.researchandmarkets.com/r/t5slt1

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