Digital Banking

Report: AI in fintech market to grow significantly

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August 19, 2022

The North American market for AI in fintech is expected to grow significantly, according to a press release from ResearchAndMarkets.com. It will grow at a 16.1% calculated annual growth rate from 2022 to 2028.

AI delivers a variety of fintech solutions including chatbots, virtual assistants and interfaces to engage with customers. Using machine learning, AI can also increase efficiency and lower expenses by automating banking processes.