![]() ![]() Robo advisers and automated customer support are two of the most common AI solutions that help improve customer experience. Chabot helps organizations save money while also improving client satisfaction. Fintech firms are increasingly turning on AI-based virtual support to handle customer problems and effectively engage with clients. ![]() The growing need for improved client interaction is likely to fuel advanced technologies in the Fintech industry, such as artificial intelligence (AI). However, high risks associated with data privacy and cybersecurity in the fintech platforms may act as a major restraint. Furthermore, structured government regulations regarding digital payment methods, banking, and credits are also anticipated to drive the growth of the United States Fintech market in the forecast period. Changing business models, growing emphasis on boosting customer interaction to boost revenue coupled with the increasing digitization of businesses, and growing investment in fintech companies offer lucrative growth opportunities to the market. Fintech businesses in the United States received $59.8 billion in investment in 2019 from M&A, VC, and PE deals, totaling 1,144. As customers have realized the advantages and ease of fintech, the US economy accounts for 57% of the global market. Additionally, the increasing digitization of businesses and growing investment in fintech companies offer lucrative growth opportunities to the market….Ī recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the United States fintech market is estimated to grow at a CAGR of 10.1% during the forecast period of 2021-2027. 28, 2021 (GLOBE NEWSWIRE) - Fintech is growing at a high rate in the United States due to changing business models and the increasing emphasis on boosting customer interaction to boost revenue. ![]()
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