ARTIFICIAL INTELLIGENCE AS A CATALYST FOR FINTECH MARKET GROWTH
Keywords:
artificial intelligence, fintech, market growth, machine learning, chatbots, regulatory technologies, investments, customer service, automation, risk management, data analysis, Uzbekistan, financial inclusion, predictive analytics.Abstract
The article examines the impact of artificial intelligence (AI) on the financial sector, particularly
within the fintech industry. In 2023, the AI market in fintech is valued at $42.8 billion, with projected
growth to $49.4 billion by 2028 and $61.3 billion by 2031. The analysis covers key areas of AI
application, including enhanced customer service, the integration of machine learning into banking
and insurance services, the development of chatbots, and the automation of customer interactions.
Measures taken in Uzbekistan to accelerate AI adoption are discussed, including the creation of
strategies and regulatory frameworks, as well as support for domestic developers and the integration
of technologies into the financial sector. Potential areas for AI application in Uzbekistan, such as local
language support, small and medium-sized business lending, agricultural financing, and regulatory
compliance, are also explored.
