Artificial intelligence right from the beginning is a hot and evolving topic. It continues to gain significant attention in app development due to its vast potential.
As technology continues to advance, user expectations are on a constant upward trajectory. Meeting these expectations is crucial for staying competitive in the marketplace. Today, users expect not just functionality but also intuitive and personalized experiences. This is where AI in app development plays a pivotal role.
According to Statista, the AI market is poised for significant growth, projected to increase from nearly $100 billion to nearly $2 trillion by 2030. This expansion spans various industries, including Fintech with trends like chatbots, image generation, and mobile apps driving AI advancements. Statista’s data also indicates a high global adoption rate in app development from 2022 to 2025.
So how is artificial intelligence influencing fintech app development? In recent years, the fintech industry has harnessed AI’s power to provide personalized financial insights, enhance security, and improve customer experiences.
This blog explores the future of AI in fintech, along with the challenges in app development. But first, let’s delve into how AI and ML are improvising fintech apps.
