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Promising Benefits of AI in the Financial Technology Market

Smart Data Collective

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 It’s critical to financial institutions such as banks and credit unions that earn revenue from lending money with interest.

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BFSI: Banking, Financial Services and Insurance

The BAWorld

Overview The full form of BFSI is Banking, Financial Services, and Insurance. The BFSI sector includes a collection of financial institutions such as banks, brokerage firms, insurance companies, financial regulators, responsible authorities, and global organizations. from 2023 to 2030. from 2023 to 2030. billion by 2027.

Banking 52