Artificial Intelligence Market In Regtech
Posted by Venkatesh on August 28th, 2018
According to new market research report by IndustryARC, titled “Artificial Intelligence Market in Regtech : By Type (Products & Services); By Application (Anti-money laundering, Cybersecurity, Financial risk modeling, Surveillance, Customer Identity management and Sanctions compliance); & By Geography - Forecast (2018 - 2023) ”, the market will be driven by the ability of artificial intelligence to improve data governance, business risk, and regulatory compliance.
North America will dominate the Artificial Intelligence Market in Regtech
North America will dominate the Artificial Intelligence Market in Regtech during the forecast period. It is expected to overtake Europe and Asia Pacific when it comes to spending in regulatory software in the next five years. 35% of the software spending is seen in Asia Pacific at present. AI acts as a bridge between the Regtech startups, regulatory bodies, and financial organisations. Since the compliance processes need collection and aggregation of huge amount of data, the Regtech startups in North America are helping banks to utilize this data from artificial intelligence.
Selected Regulatory Analysis Done in the Full Report:
Artificial intelligence and machine learning provide many opportunities when applied to regtech compliance. Eg. Data mining algorithms based on machine learning can organise and analyze large data sets, even if they are of low quality. Machine learning improves the interpretation of low quality data outputs from payment systems. It can create risk models and self- improving methods for data analytics, modelling as required for stress testing. The best example of machine learning in Regtech is Algo Dynamix, which uses adaptive algorithms to find disruptions in finance. The analytics engine of the company uses primary data sources and machine learning to ward off trade fraud. This method helps the customer to detect any suspicious activity during financial instrument shifts. It can also predict about price movements.
Selected Driving Factors Mentioned in the Full Report:
AI in Regtech can improve data governance, business risk, and data compliance, and financial services technology.
Regtech is being used in cyber security and data privacy. This factor elevates the demand for artificial intelligence market in Regtech.
Artificial intelligence can recognize patterns and connections among data that humans cannot recognize.
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Key Players of the Artificial Intelligence Market in Regtech
Artificial Intelligence Market in Regtech is segmented as below:
A. Artificial Intelligence Market in Regtech By Type
B. Artificial Intelligence Market in Regtech By Geography (35+ countries)
E. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Artificial Intelligence Market in Regtech Report is prepared with the main agenda to Covers the following 20 points:
1. Market Size by Product Categories
Yes, we do have separate reports and database as mentioned below
1. Artificial Intelligence Market in Regtech (2018-2023)
Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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