AI Holds Key Role in Fintech’s Next 5-Year Development – Study Reveals How

For the next five years, AI is considered the most crucial factor for the development of the fintech industry, with 71% of those surveyed emphasising its importance.

AI is becoming prevalent in every sector, and Fintech is no exception. In the near future, Fintechs view artificial intelligence (AI), the digital economy, embedded finance, and open banking as pivotal factors for industry development.

During a press conference in Davos during the World Economic Forum’s Annual Meeting, the collaborative report from the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School and the World Economic Forum (Forum) was unveiled, indicating that the global fintech industry is continuing its growth momentum. 

Source: People Matters

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