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…


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