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.
To access full report click on below link:
https://industryarc.com/Report/17918/artificial-intelligence-market-in-regtech.html
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.
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.
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 cybersecurity and data privacy. This factor elevates the demand for artificial intelligence market in Regtech.
Key Players of the Artificial Intelligence Market in Regtech:
The key players of the Artificial Intelligence Market in Regtech include WorkFusion, Onfido, Text IQ, and Merlon Intelligence. Work Fusion provides intelligent automation software that has all the capabilities enterprise leaders need to digitize business processes. The robotic process automation tools and AI are used to automate systems to record and store data.
Related Reports:
A.Artificial Intelligence Market in Fintech
https://industryarc.com/Report/17915/artificial-intelligence-market-in-fintech.html
B.Bitcoin Payments Ecosystem Market
https://industryarc.com/Report/46/global-bitcoin-payments-ecosystem-market-analysis.html
Artificial Intelligence Market in Regtech is segmented as below:
A. Artificial Intelligence Market in Regtech By Type
1. Regulatory compliance
2. Risk Management
3. Financial Crime
4. Identity Management
5. Compliance Support
B. Artificial Intelligence Market in Regtech By Geography (35+ countries)
C. Artificial Intelligence Market in Regtech Entropy
D. Company Profiles
And more
What can you expect from the report?
The Artificial Intelligence Market in Regtech Report is prepared with the main agenda to Covers the following points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
And more
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About IndustryARC:
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.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
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Overview The banks and financial institutions operate in a highly regulated environment and continuously face new regulations to prevent money laundering and restrict terrorist funding.
The annual spending of the financial institutions for non-compliance issues is more than $100 billion.
Market Revenue and Segmentation Analysis The global RegTech market revenue is estimated to be $2,321.5 million in 2018 and is expected to reach $7,207.6 million by 2023, growing at a CAGR of 25.4% during the forecast period 2018–2023.
The solutions include compliance management, reporting, identity management, and risk management.
The solutions help organizations in key compliance areas and risk aversion for AML, KYC, MiFID II, Basel III, PSD 2, Solvency II, and AIFMD.
With the major focus of governments across regions with GDPR guidelines, RegTech is expected to majorly impact the financial service organizations.
