Fintech AI Revenue to Grow 960% by 2021, Driven by Big Data, Distributed Computing …

BASINGSTOKE, England, August 2, 2016 /PRNewswire/ — Risk Assessment Driving Artificial Intelligence Spend   Juniper Research has found that Fintech platform revenues for unsecured consumer loans issued using machine learning technology are set to see a jump of 960% during the period 2016-2021, rising to $17 billion globally in the latter forecast year. This rise is driven by advances in analytics and accessible computing power. The new study, AI & Machine Learning: Fintech Dynamics, Disruption & Future Opportunities 2016-2021 found that machine learning spend in Fintech will advance rapidly, owing to the highly data-driven nature of the market, meaning that AI integration is likely to spell substantial benefits. Machine learning; a subset of AI; has seen a tremendous leap in activity since 2011, with substantial increases in VC and R&D…


Link to Full Article: Fintech AI Revenue to Grow 960% by 2021, Driven by Big Data, Distributed Computing …