While artificial intelligence is something alien for many industries, the market for AI in fintech is expected to grow at a 23.17 percent compound annual growth rate (CAGR) from 2020 to 2025 (Mordor Intelligence).
Also, let’s not forget that the COVID-19 pandemiс has had the strongest effect on fintech and…
The compliance lifeline everyone is looking for lies within banking RegTech. Now we know that the RegTech market is booming: with a market size of 6.3 billion USD in 2020, it will reach 16 billion USD in 2025 (Markets And Markets). What a huge leap!
The increasing number of regulatory…
We at CHI Software are exploring AI from various perspectives, applying it in numerous domains. In this article, we look closely at AI-based decision-making.
In a Gartner survey,65 percent of respondentsagreed that their decisions now are more complex (involving more options and participants) than they were two years ago. …
During the pandemic crisis, retailers need deep insights, allowing them to compete and grow their loyal audience. The best way to get it is to deploy artificial intelligence (AI) and machine learning (ML). And it’s not just a random opinion.
The market of artificial intelligence in the retail industry will…
Have you ever thought about the amount of data surrounding you daily? How about your business life? Here are some staggering stats.
Every second of 2020, Facebook users sent 150,000 messages, while YouTube users uploaded 500 hours of videos (according to the Data Never Sleeps report).
The question is, how…
A smart healthcare solution can save time and lives — and these are not just big words, especially during the global pandemic. People worldwide started using medical apps more frequently in 2020; in fact, the number of downloads grew by 65 percent, according to Statista.
With this article, you’ll discover…
The e-learning niche is not particularly new for the global customer. It’s been growing before the pandemia with $138 billion in 2019 and is going to reach $404 billion by 2025 according to the Holon IQ report “Sizing the Global EdTech Market”.
Continue reading to get a full overview of…
Fintech is one of the main areas of software technology used today. It is evidenced by the growth in the number of startups in this domain. From 2018 to 2020, it was 72 percent, from 12,000 to almost 21,000. …
Cost to Build an App that Uses AI
We live in the era of “Software 2.0,” when artificial intelligence (AI) technologies are widely used in desktop and mobile application development. According to a Gartner report, 85 percent of customer interactions in 2020 are non-human.
If you are interested in innovations…
Online banking is one of the fastest-growing areas in fintech, especially in the mobile field. Smartphone transactions are expected to reach 88 percent of total banking money transfers by 2022.If …
