What is AI in BankingMarket?
AI in banking refers to the process of operating banking operations by highly automatic techniques. Banking industries especially implementing artificial intelligence to offer personalized banking, customer support services, enhance security and back-end process and others. According to a study conducted by CMR and NASSCOM, 74% top Indian IT decision makers support the need for artificial intelligence in the BFSI sector. Further, emphasizing on technological advancement such as Chatbot enables banking solutions and process automation expected to drive the AI in the banking market.
AI in Banking Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2030 |
Base Year | 2023 |
Growth Drivers | - Rising Demand of Customized IT Solutions in Banking Sector
- Integration of AI and Autonomous Operational Processes
|
Challenges & Pitfalls | - Continuously Changing Technical Landscape
- Maintaining Authenticity and Privacy of the Data
|
Opportunities
Emphasizing on Intelligent Applications for Banking Operations and Growing Demand of Process Automation
Restraints
- High Initial Capital Investment
The Players Covered in the Study are:
Google Inc. (United States), Microsoft Corporation (United States), Intel (United States), NVidia Corporation (United States), AWS (United States), IBM (United States), SAP (Germany), Cognizant (United States), Oracle (United States), Salesforce (United States), Accenture (Ireland), IPsoft Inc. (United States) and Micro Strategy Incorporated (United States)
Available Customization:
A list of players that can be included in the study on an immediate basis are Palantir Technologies Inc. (United States) and Inbenta Technologies (United States).