What is AI In Financial Wellness Market Scope?
AI-Artificial Intelligence in the financial sector aids in the drastic impoverishment of financial literacy. In this modern era technology is widespread globally, in that public, those are having financial knowledge can adopt technology relating to their daily life and utilize it at the optimum level. Technology is no more costly or complicated to learn now; everything is capsulated in a smartphone in which an ordinary man can operate easily without sophisticated training and knowledge. But without financial knowledge having technology tools and skills are worthless.
The AI In Financial Wellness market study is being classified, by Application (Bank, Depository Institutions and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global AI In Financial Wellness market throughout the predicted period.
Prudential Financial (United States), Bank of America (United States), Fidelity (United States), Mercer (United States), Financial Finesse (United States), Aduro (United States), Ayco (United States), Beacon Health Options (United States), Best Money Moves (United States) and Enrich Financial Wellness (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global AI In Financial Wellness market by Type, Application and Region.
On the basis of geography, the market of AI In Financial Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
On 11th April 2019, Prudential Financial Inc. introduced a range of new financial wellness solutions, which will be available via employers, to help individuals manage student loan debt, navigate job changes, access financial coaching and develop personalized financial roadmap.
Influencing Market Trend
- The high demand for cloud-based solutions
- Increasing Adoption for Cryptocurrency
- The growing demand due to Increasing cases of fraud detection
- Technological advancements in Artificial Intelligence
- The higher cost for implementation of AI technologies
- The rises in security concerns
- The inadequacy of trust while issuing customer data
Key Target AudienceAI In Financial Wellness Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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