The Asia Pacific Artificial Intelligence In Fintech Market would witness market growth of 17.7% CAGR during the forecast period (2022-2028).
Artificial intelligence enhances outcomes by employing approaches derived from human intellect but applied at a scale that is not human. Fintech firms have been transformed in recent years as a result of the computational arms race. Additionally, data and near-endless volumes of data are altering AI to unprecedented heights, and smart contracts may simply be a continuation of the current market trend.
In the banking industry, AI is used to look at a person's entire financial health, maintain up with real-time changes, and offer tailored advice based on fresh incoming data by examining cash accounts, investment accounts, and credit accounts. Banks and fintech companies have profited from AI and machine learning because they can process large amounts of data on clients. This information and data is then compared to arrive at conclusions about what services/products clients want, which has benefited in the development of customer relationships.
Hong Kong is a developed metropolis with a high rate of mobile phone use and internet access, providing a solid foundation for the city's fintech ecosystem. As per Invest Hong Kong, the country is home to approximately 600 fintech enterprises and startups. Similarly, 86% of local banks have implemented or plan to implement fintech solutions across all financial services. Consumer fintech adoption in the city was placed in the top five in the world's developed markets. Since 2014, Hong Kong fintech businesses have raised over 1.1 billion dollars in venture funding. Digital payments, securities settlement, wealthtech, electronic Know Your Customer (KYC) and digital identification utilities, insurtech, blockchain, data analytics, and other fintech opportunities abound in Hong Kong.
The HKMA introduced the Fintech Supervisory Sandbox (FSS) in September 2016, allowing banks and their collaborating technology businesses to perform pilot trials of their fintech projects with a small number of consumers without having to meet all of the HKMA's supervisory standards. This arrangement allows banks and tech companies to collect data and user feedback in order to improve their new efforts, allowing them to deploy new technological solutions faster and for less money. Owing to this government support and huge investment in advanced solutions, the growth of the regional artificial intelligence in fintech market would escalate in the forecast years.
The China market dominated the Asia Pacific Artificial Intelligence In Fintech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,908.9 Million by 2028. The Japan market is poised to grow at a CAGR of 17% during (2022 - 2028). Additionally, The India market would display a CAGR of 18.4% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Business Analytics & Reporting, Customer Behavioral Analytics, Fraud Detection, Virtual Assistant (Chatbots), Quantitative & Asset Management and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Artificial Intelligence In Fintech Market is Projected to reach USD 25.8 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Salesforce.com, Inc., Amazon Web Services, Inc., ComplyAdvantage, Amelia US LLC, and Inbenta Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment
By Application
- Business Analytics & Reporting
- Customer Behavioral Analytics
- Fraud Detection
- Virtual Assistant (Chatbots)
- Quantitative & Asset Management
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Intel Corporation
- Salesforce.com, Inc.
- Amazon Web Services, Inc.
- ComplyAdvantage
- Amelia US LLC
- Inbenta Technologies, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Artificial Intelligence In Fintech Market, by Component
1.4.2 Asia Pacific Artificial Intelligence In Fintech Market, by Deployment
1.4.3 Asia Pacific Artificial Intelligence In Fintech Market, by Application
1.4.4 Asia Pacific Artificial Intelligence In Fintech Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Nov – 2022, Jun) Leading Players
Chapter 4. Asia Pacific Artificial Intelligence In Fintech Market by Component
4.1 Asia Pacific Solutions Market by Country
4.2 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Artificial Intelligence In Fintech Market by Deployment
5.1 Asia Pacific On-premise Market by Country
5.2 Asia Pacific Cloud Market by Country
Chapter 6. Asia Pacific Artificial Intelligence In Fintech Market by Application
6.1 Asia Pacific Business Analytics & Reporting Market by Country
6.2 Asia Pacific Customer Behavioural Analytics Market by Country
6.3 Asia Pacific Fraud Detection Market by Country
6.4 Asia Pacific Virtual Assistant (Chatbots) Market by Country
6.5 Asia Pacific Quantitative & Asset Management Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Artificial Intelligence In Fintech Market by Country
7.1 China Artificial Intelligence In Fintech Market
7.1.1 China Artificial Intelligence In Fintech Market by Component
7.1.2 China Artificial Intelligence In Fintech Market by Deployment
7.1.3 China Artificial Intelligence In Fintech Market by Application
7.2 Japan Artificial Intelligence In Fintech Market
7.2.1 Japan Artificial Intelligence In Fintech Market by Component
7.2.2 Japan Artificial Intelligence In Fintech Market by Deployment
7.2.3 Japan Artificial Intelligence In Fintech Market by Application
7.3 India Artificial Intelligence In Fintech Market
7.3.1 India Artificial Intelligence In Fintech Market by Component
7.3.2 India Artificial Intelligence In Fintech Market by Deployment
7.3.3 India Artificial Intelligence In Fintech Market by Application
7.4 South Korea Artificial Intelligence In Fintech Market
7.4.1 South Korea Artificial Intelligence In Fintech Market by Component
7.4.2 South Korea Artificial Intelligence In Fintech Market by Deployment
7.4.3 South Korea Artificial Intelligence In Fintech Market by Application
7.5 Singapore Artificial Intelligence In Fintech Market
7.5.1 Singapore Artificial Intelligence In Fintech Market by Component
7.5.2 Singapore Artificial Intelligence In Fintech Market by Deployment
7.5.3 Singapore Artificial Intelligence In Fintech Market by Application
7.6 Malaysia Artificial Intelligence In Fintech Market
7.6.1 Malaysia Artificial Intelligence In Fintech Market by Component
7.6.2 Malaysia Artificial Intelligence In Fintech Market by Deployment
7.6.3 Malaysia Artificial Intelligence In Fintech Market by Application
7.7 Rest of Asia Pacific Artificial Intelligence In Fintech Market
7.7.1 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Component
7.7.2 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Deployment
7.7.3 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Application
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Oracle Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Google LLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Intel Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Salesforce.com, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 ComplyAdvantage
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Amelia US LLC (IPSoft)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. Inbenta technologies, Inc.
8.10.1 Company Overview
TABLE 1 Asia Pacific Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Artificial Intelligence In Fintech Market
TABLE 4 Product Launches And Product Expansions– Artificial Intelligence In Fintech Market
TABLE 5 Acquisition and Mergers– Artificial Intelligence In Fintech Market
TABLE 6 Asia Pacific Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Solutions Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Solutions Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 14 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Business Analytics & Reporting Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Business Analytics & Reporting Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Customer Behavioural Analytics Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Customer Behavioural Analytics Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Fraud Detection Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Fraud Detection Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Virtual Assistant (Chatbots) Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Virtual Assistant (Chatbots) Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Quantitative & Asset Management Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Quantitative & Asset Management Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Artificial Intelligence In Fintech Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Artificial Intelligence In Fintech Market by Country, 2022 - 2028, USD Million
TABLE 34 China Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 35 China Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 36 China Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 37 China Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 38 China Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 39 China Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 40 China Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 41 China Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 42 Japan Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 43 Japan Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 44 Japan Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 45 Japan Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 46 Japan Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 47 Japan Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 48 Japan Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 49 Japan Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 50 India Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 51 India Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 52 India Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 53 India Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 54 India Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 55 India Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 56 India Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 57 India Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 58 South Korea Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 59 South Korea Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 60 South Korea Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 61 South Korea Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 62 South Korea Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 63 South Korea Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 64 South Korea Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 65 South Korea Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 66 Singapore Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 67 Singapore Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 68 Singapore Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 69 Singapore Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 70 Singapore Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 71 Singapore Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 72 Singapore Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 73 Singapore Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 74 Malaysia Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 75 Malaysia Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 76 Malaysia Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 77 Malaysia Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 78 Malaysia Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 79 Malaysia Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 80 Malaysia Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 81 Malaysia Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 82 Rest of Asia Pacific Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 83 Rest of Asia Pacific Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 84 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 85 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 86 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 87 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 88 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of Asia Pacific Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 90 Key information – IBM Corporation
TABLE 91 Key Information – Oracle Corporation
TABLE 92 key information – Microsoft Corporation
TABLE 93 Key Information – Google LLC
TABLE 94 Key Information – Intel Corporation
TABLE 95 Key Information –Salesforce.com, Inc.
TABLE 96 Key Information – AMAZON WEB SERVICES, INC.
TABLE 97 Key Information – ComplyAdvantage
TABLE 98 Key Information – Amelia US LLC
TABLE 99 Key Information – Inbenta Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, collaborations and agreements : 2018, nov – 2022, Jun) Leading Players
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: Oracle Corporation
FIG 9 SWOT analysis: Oracle Corporation
FIG 10 Recent strategies and developments: Microsoft Corporation
FIG 11 SWOT Analysis: Microsoft Corporation
FIG 12 Recent strategies and developments: Google LLC
FIG 13 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 14 Recent strategies and developments: Intel Corporation
FIG 15 SWOT analysis: Intel corporation
FIG 16 Recent strategies and developments: Salesforce.com, Inc.
FIG 17 SWOT Analysis: Salesforce.com Inc.
FIG 18 Recent strategies and developments: ComplyAdvantage