Global Artificial Intelligence In Regtech Market Report 2024: Size, Drivers, And Top Segments
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The artificial intelligence in regtech market has undergone remarkable growth, increasing from $1.37 billion in 2023 to $1.89 billion in 2024, showing a CAGR of 37.3%. This growth is attributed to escalating compliance costs, demand for automation, data explosion, and enhanced risk management. Forecasts suggest sustained exponential growth, with the market expected to reach $6.64 billion in 2028, exhibiting a CAGR of 36.9%. Factors contributing to this surge include regulatory reporting requirements, real-time monitoring needs, advancements in regulatory technology, focus on customer protection, and cross-border compliance. Major trends anticipated in the forecast period encompass adoption of machine learning (ML) and natural language processing (NLP), explainable AI (XAI), predictive analytics, automation of compliance processes, risk assessment and management, and establishment of regulatory sandboxes and innovation hubs.
The growth trajectory of the artificial intelligence in regtech market is shaped by the surge in fraud detection activities. Utilizing diverse techniques and technologies, fraud detection aims to identify and prevent fraudulent activities within organizations. AI in regtech enhances fraud detection through advanced algorithms and machine learning, as evidenced by the substantial increase in cryptocurrency investment scams reported by the Federal Bureau of Investigation. This upsurge in fraud detection activities fosters the development of AI solutions tailored for regulatory compliance.
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What Are The Key Trends That Influence Artificial Intelligence In Regtech Market Share Analysis?
Major companies in the artificial intelligence in regTech market are developing innovative AI RegTech solutions to enhance compliance processes within the financial services industry. An AI RegTech solution is a software application that uses AI and machine learning to automate tasks, improve efficiency, and reduce regulatory compliance risks. For example, in December 2021, CUBE, a UK-based automated regulatory intelligence company, launched RegPlatform, which provides financial institutions with regulatory intelligence capabilities and regulatory data. This platform helps automate regulatory compliance processes, reduce risk, and improve operational efficiency.
Which Market Players Are Driving Growth In The Artificial Intelligence In Regtech Market?
Major companies operating in the artificial intelligence in regtech market report are IBM Watson Financial Services, White and Case LLP, Sysxnet Limited, Trulioo, Onfido, ComplyAdvantage, Behavox Ltd., FundApps Ltd., Sift Science, AlgoDynamix, WorkFusion, Trunomi, Elliptic, Fund Recs, IdentityMind Global, Corlytics Ltd., Silverfinch Consultancy Pvt Ltd, Merlon Intelligence, Open Source Investor Services, AQMetrics Limited, Ayasdi, CheckRecipient Limited, KYC Exchange Net AG, Text IQ
How Is The Global Artificial Intelligence In Regtech Market Segmented?
The artificial intelligence in regtech market covered in this report is segmented –
1) By Type: Solutions, Services
2) By Operation Model: Unsupervised Learning, Supervised Learning, Reinforced Learning, Semi-Supervised Learning
3) By Application: Regulatory Compliance, Risk Management, Financial Crime, Identity Management, Compliance Support, Analytics, Automated Trading
Read The Full Artificial Intelligence In Regtech Market Report Here
The Artificial Intelligence In Regtech Global Market Report 2024 provides an overview of the artificial intelligence in regtechmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The artificial intelligence in regtech market forecast analyzes artificial intelligence in regtech market size, artificial intelligence in regtech market share, leading competitor and their market positions.
The Table Of Content For The Artificial Intelligence In Regtech Market Include
1. Artificial Intelligence In Regtech Market Executive Summary
2. Artificial Intelligence In Regtech Market Segments
3. Artificial Intelligence In Regtech Market Size And Template Market Growth Rate
4. Key Artificial Intelligence In Regtech Market Trends
5. Major Artificial Intelligence In Regtech Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence In Regtech Market
26. Top Artificial Intelligence In Regtech Companies
27. Artificial Intelligence In Regtech Market Opportunities And Strategies
28. Artificial Intelligence In Regtech Market, Conclusions And Recommendations
29. Appendix
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