Regtech |
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.
North America will dominate the Artificial Intelligence Market in RegtechNorth 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. AI acts as a bridge between the Regtech startups, regulatory bodies, and financial organisations. Since the compliance processes need collection and aggregation of huge amount of data, the Regtech startups in North America are helping banks to utilize this data from artificial intelligence.
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. The best example of machine learning in Regtech is Algo Dynamix, which uses adaptive algorithms to find disruptions in finance. The analytics engine of the company uses primary data sources and machine learning to ward off trade fraud. This method helps the customer to detect any suspicious activity during financial instrument shifts. It can also predict about price movements.
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 cyber security and data privacy. This factor elevates the demand for artificial intelligence market in Regtech.
Artificial intelligence can recognize patterns and connections among data that humans cannot recognize.
Request for table of contents of the full report by providing your details in the below link:
https://industryarc.com/Report/17918/artificial-intelligence-market-in-regtech.html
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. Onfido runs a program which performs background checks to verify people. AI algorithms are used to match a photo based identity document with a selfie. Text IQ uses artificial intelligence to protect its clients against from compliance disasters. Big analytics data is used by the company’s software to identify sensitive documents. Merlon Intelligence performs customer risk assessment. It focuses on how financial crime and compliance are managed.
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
1. Onfido
2. Text IQ
3. Merlon Intelligence
4. Socure
5. Company 5
6. Company 6
7. Company 7
8. Company 8
9. Company 9
10. Company 10+
E. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer.
What can you expect from the report?
The Artificial Intelligence Market in Regtech Report is prepared with the main agenda to Covers the following 20 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
11. Demand Analysis (By Revenue & Volume )
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
Does IndustryARC publish country, geography or application based reports in Artificial Intelligence in Regtech ?
Yes, we do have separate reports and database as mentioned below
1. Artificial Intelligence Market in Regtech (2018-2023)
2. North America Artificial Intelligence Market in Regtech (2018-2023)
3. Europe Artificial Intelligence Market in Regtech (2018-2023)
4. Asia Pacific Artificial Intelligence Market in Regtech (2018-2023)
Talk to one of our sales representative about the full report by providing your details in the link below:
https://industryarc.com/support.php?id=17918
Does IndustryARC provide customized reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team and can provide a separate quote based on your requirements. You can drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
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.
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