logo
AI in fintech market set to surpass $79bn by 2030 as adoption surges

AI in fintech market set to surpass $79bn by 2030 as adoption surges

Artificial intelligence (AI) has rapidly reshaped the fintech landscape in recent years, driving innovations across credit scoring, personalised banking, algorithmic trading, and fraud detection.
As financial institutions race to automate and optimise operations, AI adoption continues to grow, fueling strong market forecasts for the coming years. According to data presented by Stocklytics.com, the AI in fintech market is projected to more than double in value and surpass $79 billion by 2030.
Fintech companies are increasingly turning to AI solutions to enhance speed, security, and personalisation in a competitive market. Artificial intelligence is helping to make processes faster and more cost-effective by spotting fraud, improving lending decisions, and offering more tailored banking services.
With customer expectations rising and cyber threats evolving, AI has shifted from being a helpful tool to a necessity in fintech.
The Statista and Research and Markets data show that just two years ago, the AI in fintech market was valued at $22.5 billion. Since then, it has grown by nearly 45 per cent and is projected to reach $32.2 billion in 2025.
With tech companies increasingly adopting AI to improve workflows and services, the market is expected to grow by another $6 billion in 2026 and $8 billion in 2027, reaching more than $46 billion by 2027.
Research and Markets further projects that global fintech market value will continue growing by an average of $10 billion per year, ultimately surpassing $79 billion by 2030. This marks a staggering 145 per cent increase in just five years, a growth rate 50 per cent higher than the projected five-year growth of the autonomous and sensor technology market and 40 per cent more than the expected growth of the computer vision segment during the same period.
Beyond transforming internal operations, AI is also driving the overall growth of the fintech industry. According to a Statista Market Insights survey, the fintech industry is on track to reach more than $120 billion in value this year, a 16 per cent increase from last year and a 200 per cent jump since 2022.
With AI automating tasks, enhancing security, and enabling smarter, faster, and more personalised financial solutions at scale, the market revenue is expected to grow by another 17 per cent, reaching over $141 billion by 2028.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AlHuda CIBE launches global virtual internship programs on Takaful and Islamic FinTech
AlHuda CIBE launches global virtual internship programs on Takaful and Islamic FinTech

Zawya

time2 hours ago

  • Zawya

AlHuda CIBE launches global virtual internship programs on Takaful and Islamic FinTech

Dubai - UAE: AlHuda Centre of Islamic Banking and Economics (CIBE), a well-recognized global name in the Islamic banking and finance industry, has launched two specialized virtual internship programs: Virtual Internship on Takaful and Virtual Internship on Islamic FinTech. These internships are part of AlHuda CIBE's ongoing commitment to build global awareness and enhance professional capacity in the Islamic financial services industry. With more than eighteen years of experience in promoting Islamic finance globally through awareness campaigns, education, advisory services, training programs, and publications, AlHuda CIBE has previously launched a series of highly successful Global Virtual Internship Programs. These initiatives have received tremendous global response, engaging participants from over 50 countries. The Virtual Internship on Takaful is designed to familiarize participants with the foundations, models, operational structures, and global practices of the Takaful (Islamic insurance) industry. As Takaful continues to grow as a key pillar of the Islamic financial ecosystem, this internship offers a unique platform for participants to gain practical understanding of its relevance, applications, and opportunities. Meanwhile, the Virtual Internship on Islamic FinTech addresses the exponential rise of financial technology in reshaping Islamic finance. With FinTech transforming how financial services are delivered, this internship empowers participants to explore innovative business models, Islamic digital banking, blockchain, smart contracts, and regulatory trends driving the next wave of Islamic financial innovation. Both internships span a period of two months and offer a structured learning path that combines theoretical knowledge with practical exposure. Interns will undertake diverse assignments such as research writing, industry data analysis, awareness campaign planning, communication development, strategic networking, and promotion of AlHuda CIBE's advisory, educational and capacity-building services. The program also encourages peer-to-peer collaboration and interaction with industry experts. AlHuda CIBE believes that these virtual internships will not only strengthen participants' knowledge and skills but will also contribute to the global Islamic finance industry by nurturing the next generation of competent professionals. Furthermore, Halal Research Council (HRC) – a sister concern of AlHuda CIBE – has also conducted similar internship initiatives previously to support capacity building in the Halal industry, which continues to gain global prominence due to its ethical, hygienic, and safe nature. These efforts reflect AlHuda CIBE's vision to build inclusive, ethical, and sustainable economic systems through Islamic financial solutions. About AlHuda CIBE: AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provide state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance. We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry.

Bankruptcy court 'will make UAE more attractive to foreign firms'
Bankruptcy court 'will make UAE more attractive to foreign firms'

The National

time2 hours ago

  • The National

Bankruptcy court 'will make UAE more attractive to foreign firms'

The announcement of a new bankruptcy court in Abu Dhabi is expected to broaden the UAE's appeal to foreign firms considering setting up operations in the country, according to experts. The Arab world's second-largest economy on Thursday announced the establishment of the bankruptcy court, which will adjudicate requests and disputes arising from bankruptcy cases. More branches of the court can be established in other emirates, and these will have the same jurisdiction as the headquarters, the Ministry of Justice said. 'Foreign companies considering onshore operations – particularly in FinTech, private credit and digital assets, will welcome enhanced insolvency frameworks,' said Andrew Mackenzie, partner and regional head of litigation, arbitration and regulatory at DLA Piper Middle East. 'The ability to restructure, exit or resolve disputes efficiently is now a credible legal assurance, making onshore incorporation a more attractive proposition.' The UAE is continuing to attract foreign direct investment as the economy grows amid diversification strategies. The UAE received Dh167 billion ($45.5 billion) in foreign direct investment last year, up 48 per cent compared to the previous year, and the country has its sights firmly set on an aggregate FDI target of Dh1.3 trillion by 2031. The UAE accounted for 37 per cent of the total foreign investment flows in the region, according to a social media post on X last month by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Cepa boost The Emirates is also signing new Comprehensive Economic Partnership Agreements that are helping to attract more foreign direct investment into the country. It has concluded 27 Cepas with different partners across the globe, with 10 of those deals now being implemented. The establishment of a dedicated bankruptcy court marks 'a significant step in further strengthening the UAE's legal infrastructure', Zubair Mir, senior partner at law firm Norton Rose Fulbright, said. 'It is likely to enhance investor confidence by ensuring transparent, efficient resolution of financial disputes and insolvency cases – all key considerations for foreign entities looking to invest or establish operations in the region,' Mr Mir said. UAE's new reforms In 2020, the country overhauled its commercial companies' law to attract more foreign capital and annulled the requirement for onshore companies to have an Emirati shareholder. It also unveiled the NextGen FDI programme, which aims to speed up licensing, increase the issuance of bulk or golden visas, improve banking services and provide commercial and residential lease incentives for technology companies seeking to relocate to the country. The new bankruptcy court is expected to strengthen emerging financial sectors such as crypto, private credit and modern banking. 'These sectors depend on robust legal frameworks that can swiftly and securely resolve creditor issues and restructuring protocols,' Mr Mackenzie said. 'This court greatly enhances legal certainty around new finance models, attracting greater institutional interest and investment.' Regional advantage The new move is also expected to help the UAE position itself ahead of regional peers and attract more FDI. 'While jurisdictions like Saudi Arabia have modernised insolvency laws, many still rely on commercial or generalist courts, and these courts often delay formal restructuring,' Mr Mackenzie said. 'Establishing a dedicated judicial forum places the UAE ahead of regional rivals – making it the go‑to jurisdiction for financial dispute resolution in the Gulf region.' The introduction of a dedicated bankruptcy court in Abu Dhabi is 'an extremely positive step towards providing additional certainly and security to both international and local businesses operating in the UAE', said Mark Gilligan, partner at global law firm Morgan Lewis 'The introduction of a dedicated bankruptcy court will increase the already strong reputation of the UAE as a global commercial and financial centre.'

93% warehouses prioritise throughput as key to ROI, says report
93% warehouses prioritise throughput as key to ROI, says report

Zawya

time16 hours ago

  • Zawya

93% warehouses prioritise throughput as key to ROI, says report

A new global report from AutoStore, analyzed by Swisslog, reveals that 93% of supply chain leaders rate improving throughput as a top warehouse priority in 2025, with nearly all surveyed (97%) having implemented some form of automation to date. With the Middle East logistics market set to double this year since 2020, the findings underscore the growing urgency for businesses to optimize automation and software capabilities to unlock higher performance and faster returns on investment. The State of Warehouse Management and Fulfillment 2025 report surveyed over 300 global executives with supply chain responsibility, benchmarking automation trends, and identifying key operational priorities. Swisslog, a leading AutoStore integrator, examined the findings with a focus on how advanced warehouse execution and automation control software, such as Swisslog's SynQ platform, can drive meaningful improvements in the metrics that matter most to regional businesses. Key highlights from the report include: ●Throughput performance surges in priority: Improving throughput rose from the 8th highest priority in 2024 to 4th in 2025, with 93% of respondents citing it as 'very' or 'extremely important.' ●Near-universal adoption of automation: 97% of warehouses have already implemented some form of automation, yet nearly half (48%) report being less than 50% automated, highlighting significant room for growth. ●Software-driven optimization: Advanced automation control software can unlock up to 20% increases in bin retrieval speeds by optimizing bin selection and order batching. ●Integration is critical: As automation levels expand, seamless software integration across multiple systems becomes vital to prevent operational complexity and ensure data-driven performance improvements. The report also highlights how flexibility in automation software enables businesses to adapt to evolving customer demands, streamline omnichannel fulfillment, and maximize both throughput and storage density. Commenting on the findings, Rami Younes, General Manager at Swisslog Middle East, said: "This year's report makes it clear: automation alone is no longer enough. Businesses that want to stay competitive must also focus on software that enhances performance and integrates seamlessly across technologies." "In the Middle East, where we're seeing fast growth in omnichannel retail and an e-commerce sector projected to reach $50 billion by 2025, the pressure to improve throughput, maximize density, optimize order fulfilment and adapt to demand spikes is mounting. Software is the key enabler of these capabilities," he added. The report also warns of the risks of fragmented automation systems, which can lead to inefficiencies and limit the value of operational data. Swisslog's SynQ platform addresses this by providing a single, unified software solution to manage and optimize automation assets. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store