Global Artificial Intelligence (AI) Market in BFSI Sector 2019-2023 32% CAGR Projection Over the Next Five Years Technavio

LONDON--(BUSINESS WIRE)--The global artificial intelligence (AI) market in BFSI sector is expected to post a CAGR of more than 32% during the period 2019-2023, according to the latest market research report by Technavio. A key factor driving the growth of the global artificial intelligence (AI) market size in BFSI sector is the push toward autonomous banking. Automation has become one of the most prioritized digital transformation strategies for banks. Financial institutions are increasingly focusing on developing more self-driving finance solutions owing to increased customer expectations for personalized services and rewards. Therefore, banks and credit unions are integrating AI and big data analytics to understand customer behavior.