Global generative AI in fintech market is anticipated to grow at an exponential CAGR of 31.5% during the forecast period (2024-2031). Generative AI has become an essential tool for fintech firms, as it enables them to provide personalized solutions tailored to each customer's specific needs. It is used in algorithmic trading to develop sophisticated trading algorithms that automate investment decisions based on predefined rules and market conditions. Additionally, generative AI is employed in credit scoring and underwriting to assess creditworthiness and automate loan approvals, while additionally aiding in market analysis and prediction by analyzing market data and historical trends. Finally, it powers natural language processing applications that enhance communication channels and decision-making processes within the financial industry. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,

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In February 2024, Trade Algo launched Trade GPT, a generative AI product designed for retail traders. The language model, based on historical market data, allows users to converse with AI in natural language, providing powerful insights for non-Wall Street investors. It offers tailored recommendations for stock options, identifies favorable risk/reward contracts, and provides in-depth analyses based on Peter Lynch's investing principles.

In February 2024, NICE Actimize introduced a suite of generative AI-based innovations to streamline financial crime investigations and compliance reporting processes. The solutions promise a 50.0% decrease in investigation time and a 70.0% reduction in SAR filing time. The generative AI technologies aim to reduce manual tasks, allowing organizations to focus on strategic aspects of financial crime prevention and compliance. The products include X-Sight AI Assist, X-Sight AI Narrate, and Xceed Fraud DESK CoPilot.

Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- 

o             By Component

o             By Deployment

o             By Application

o             By End User

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Google LLC,IBM Corp., Microsoft Corp., Salesforce, Inc., and, SAS Institute Inc., among others.

Key questions addressed by the report.

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Generative AI in Fintech System Market Report Segment

By Component

Service
Software

By Deployment

On-premises
Cloud

By Application

Compliance & Fraud Detection
Personal Assistants
Asset Management
Predictive Analysis
Insurance
Business Analytics & Reporting
Customer Behavioral Analytics
Others ( Debt Collection, and Financial Management)

By End-User

Retail Banking
Investment Bank Insurance Companies
Stock Trading Firms
Hedge Funds
Other (Insurance Companies)

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North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Accenture PLC
Adobe
Block, Inc.
Coinbase
Genie AI Ltd.
MOSTLY AI Solutions MP GmbH
NVIDIA Corp.
OpenAI
Oracle Corp.
Plaid Inc.
Robinhood
Salesforce, Inc.

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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