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Artificial Intelligence In Regtech Market Growth Trajectory Through 2024-2033

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Uday Kiran
Artificial Intelligence In Regtech Market Growth Trajectory Through 2024-2033

The Artificial Intelligence In Regtech Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).


Learn More On The Artificial Intelligence In Regtech Market:

https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-regtech-global-market-report 

According to The Business Research Company’s Artificial Intelligence In Regtech Global Market Report 2024, The artificial intelligence in regtech market size is expected to see exponential growth in the next few years. It will grow to $6.64 billion in 2028 at a compound annual growth rate (CAGR) of 36.9%. The growth in the forecast period can be attributed to regulatory reporting requirements, need for real-time monitoring, regulatory technology advancements, focus on customer protection, cross-border compliance. Major trends in the forecast period include adoption of machine learning (ML) and natural language processing (NLP), explainable AI (XAI), predictive analytics, automation of compliance processes, risk assessment and management, regulatory sandboxes and innovation hubs.

Rise in fraud detection is expected to propel the growth of the artificial intelligence in regtech market going forward. Fraud detection refers to the process of using various techniques and technologies to identify and prevent fraudulent activities within a system or organization. Artificial intelligence (AI) in regtech (regulatory technology) helps in fraud detection by leveraging advanced algorithms and machine learning techniques to analyze large volumes of data from various sources. It provides organizations with powerful tools to proactively detect and prevent fraudulent activities, ultimately helping to reduce financial losses and safeguard against regulatory violations. For instance, in March 2023, according to the Federal Bureau of Investigation, a US-based law enforcement agency, the value of cryptocurrency investment scams targeting individuals aged 30-49 surged from $907 million in 2021 to $2.57 billion in 2022. Therefore, the rise in fraud detection is driving the growth of the artificial intelligence (AI) in regtech market.

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https://www.thebusinessresearchcompany.com/sample.aspx?id=13796&type=smp 

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

Major companies operating in the artificial intelligence in regTech market are developing innovative products such as AI RegTech solutions to enhance compliance processes within the financial services industry. An AI RegTech solution is a software application that uses artificial intelligence (AI) and machine learning (ML) to automate tasks, improve efficiency, and mitigate risks associated with regulatory compliance. For instance, in December 2021, CUBE, a UK-based automated regulatory intelligence company, launched RegPlatform. This platform provides financial institutions with regulatory intelligence capabilities and a source of regulatory data. The RegPlatform is designed to help financial institutions automate regulatory compliance processes, reduce risk, and improve operational efficiency.

The artificial intelligence in regtech market report table of contents includes:

  1. Executive Summary
  2.   Artificial Intelligence In Regtech Market  Characteristics
  3.   Artificial Intelligence In Regtech Market  Trends And Strategies
  4.   Artificial Intelligence In Regtech Market  - Macro Economic Scenario
  5. Global  Artificial Intelligence In Regtech Market  Size and Growth

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  1. Global  Artificial Intelligence In Regtech Market  Competitive Benchmarking
  2. Global  Artificial Intelligence In Regtech Market  Competitive Dashboard
  3. Key Mergers And Acquisitions In  Artificial Intelligence In Regtech Market  
  4.   Artificial Intelligence In Regtech Market  Future Outlook and Potential Analysis
  5. Appendix

 

Top Major Players :

  • IBM Watson Financial Services
  • White and Case LLP
  • Sysxnet Limited
  • Trulioo
  • Onfido


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