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The global artificial intelligence in fintech market was valued at USD 10.88 billion in 2022 and is expected to reach USD 40.76 billion in 2030, with a CAGR of 15.78% during the forecast period 2023-2030. AI technologies, such as machine learning, natural language processing, and predictive analytics, are reshaping various facets of the fintech industry. AI empowers financial institutions with the capability to make precise and rapid data-driven decisions and to assess and mitigate financial risks. The market growth is propelled by the escalating occurrences of fraud and the increasing demand for automated financial services.
