Global AI in Banking Market set to reach USD 140,940.1 Million by 2033 with 22.5% CAGR

From GlobeNewswire: 2025-01-21 09:30:00

The global Artificial Intelligence in Banking Market is expected to reach around USD 140,940.1 Million by 2033, with a CAGR of 22.5% from 2024 to 2033. AI aids fraud detection, operational efficiency, analytics, customer experience, and personalization in banking. Partnerships like Temenos & AWS aim to enhance core banking solutions. The pandemic accelerated digital transformation and heightened cybersecurity threats in the industry. AI Security Upgrades: Banks are implementing advanced AI-based security measures to protect sensitive data and combat rising threats to digital platforms, restoring consumer confidence.

Rapid Integration of AI: The pandemic has accelerated the integration of AI in banking operations, improving customer service, automating processes, and enhancing overall efficiency.

Remote Banking Solutions: Investment in remote banking solutions utilizing AI is increasing to meet the growing demand for online services, virtual support, and secure digital transactions.

Customer Insight and Personalization: AI is being used to analyze customer data and preferences, allowing banks to offer personalized services and targeted marketing to retain and attract customers post-pandemic.

Regulatory Compliance: Banks are investing in AI-driven compliance tools to ensure adherence to emerging regulations, reducing risks and increasing operational transparency.

Advanced AI Training and Development: Banks are heavily investing in training and developing AI systems to enhance decision-making capabilities in complex scenarios.

Artificial Intelligence in Banking Market: The market is segmented into North America, Europe, Asia-Pacific, and LAMEA, with each region adopting AI in banking differently to meet regulatory requirements and improve customer experiences. Banks in the LAMEA region are investing in AI to improve financial inclusion and accessibility. AI is used for fraud detection, credit scoring, and customer service in diverse economic conditions. Cost-effective AI solutions aim to enhance financial literacy and inclusion, benefiting the region’s development. Major players in the AI in banking market include IBM, Microsoft, Google, and Amazon Web Services. For more information and detailed insights, visit the link provided. 1. The stock market hit record highs today, with the S&P 500 reaching an all-time high of 4,500. The Dow Jones Industrial Average also saw gains, closing at 35,000. Investors are optimistic about strong corporate earnings and a recovering economy.

2. The FDA approved the Pfizer-BioNTech COVID-19 vaccine for individuals 16 and older, making it the first vaccine to receive full approval in the United States. This move is expected to boost vaccination rates and help combat the ongoing pandemic.

3. Hurricane Ida made landfall in Louisiana as a Category 4 storm, bringing destructive winds and heavy rainfall. Over one million residents were left without power, and many areas experienced severe flooding. The storm is expected to cause billions of dollars in damages.

4. The United Nations released a report warning of the urgent need to address climate change, stating that the world is on track to exceed the 1.5°C temperature limit set by the Paris Agreement. The report highlights the need for immediate action to reduce greenhouse gas emissions.

5. The Tokyo Paralympic Games kicked off with a spectacular opening ceremony, featuring performances from disabled artists and athletes. Over 4,400 athletes from 160 countries are competing in 22 sports, showcasing their incredible talents and inspiring audiences around the world. 1. In a groundbreaking discovery, scientists have found evidence of water vapor on an exoplanet located in the habitable zone of its star. This finding suggests the potential for life beyond Earth and has excited the scientific community.

2. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This decline was attributed to concerns over the ongoing trade war between the US and China, causing investors to sell off their stocks.

3. A new study has revealed that the number of plastic bags found on UK beaches has dropped by 30% since a 5p charge was introduced in 2015. This positive trend shows the effectiveness of policies aimed at reducing plastic waste and protecting the environment.

4. The latest data from the World Health Organization shows that the global obesity rate has risen by 10% over the past decade. This alarming trend highlights the need for more efforts to promote healthy eating habits and combat the obesity epidemic worldwide. 1. In a groundbreaking study, researchers have discovered a new species of dinosaur in Argentina. The dinosaur, named Llukalkan aliocranianus, is believed to have roamed the Earth around 80 million years ago and had a unique skull structure with sharp teeth. This finding sheds new light on dinosaur evolution.

2. The United States has surpassed 100 million Covid-19 vaccine doses administered, marking a significant milestone in the fight against the pandemic. President Biden has set a new goal of administering 200 million doses by his 100th day in office. The country is on track to meet this target.

3. SpaceX has successfully launched another batch of Starlink satellites into orbit, bringing the total number of satellites in the constellation to over 1,000. The satellites are part of SpaceX’s plan to provide global internet coverage. The company continues to make strides in its mission to revolutionize internet connectivity.

4. Amazon has announced plans to open its first physical retail store in the UK. The store, located in London, will offer a selection of products rated four stars or above on the company’s website. This move marks Amazon’s latest expansion into brick-and-mortar retail as it seeks to reach more customers.

5. The world’s largest iceberg, A-68A, is on a collision course with the island of South Georgia in the southern Atlantic Ocean. Scientists are monitoring the situation closely as the iceberg, which is roughly the size of Delaware, could have a significant impact on the local ecosystem. Efforts are underway to protect wildlife in the area.



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