Fintech AI revenue to grow 960%

Machine learning spend in fintech will advance rapidly, owing to the highly data-driven nature of the market, says Juniper Research. 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 later forecast year. This is according to a recent study by Juniper Research, which says the rise is driven by advances in analytics and accessible computing power. The new study, “Artificial Intelligence (AI) & Machine Learning: Fintech Dynamics, Disruption & Future Opportunities 2016-2021”, found machine learning spend in fintech will advance rapidly, owing to the highly data-driven nature of the market, meaning AI integration is likely to spell substantial benefits. Machine learning – a subset of AI – has seen…


Link to Full Article: Fintech AI revenue to grow 960%

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!