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Europe Generative AI In Financial Services Market Size, Share & Trends Analysis Report By Deployment, By End User, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 143 Pages
  • September 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010262
The Europe Generative AI In Financial Services Market is expected to witness market growth of 38.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Generative AI In Financial Services Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD1.33 billion by 2031. The UK market is exhibiting a CAGR of 37.1% during 2024-2031. Additionally, the France market would experience a CAGR of 39.5% during 2024-2031.



Generative AI can assess creditworthiness more comprehensively by generating alternative credit scoring models. It can analyze a wider array of data points, including non-traditional indicators such as social media behavior and transaction patterns, providing a more nuanced view of an individual’s credit risk. Generative AI can power advanced chatbots that provide real-time financial coaching. These chatbots can generate personalized financial advice based on users’ current financial situations and goals, making financial literacy accessible and empowering customers to make informed decisions.

The adoption of Generative AI in financial services market is gaining momentum as institutions recognize its transformative potential. Financial institutions face stringent regulatory requirements. Generative AI helps automate compliance processes, generating reports and risk assessments that meet regulatory standards. This reduces the burden of manual compliance and enhances the institution’s ability to mitigate risks proactively.

The rising trend of digital banking and mobile payments in Europe significantly boosts the demand for Generative AI applications. As consumers increasingly expect seamless and personalized digital experiences, financial institutions must leverage AI technologies to meet these expectations. By utilizing Generative AI to analyze customer behavior and preferences, banks can offer tailored financial products and services, improving customer satisfaction and loyalty in an increasingly competitive market. In conclusion, expanding the BFSI sector in Europe creates a dynamic landscape for Generative AI in financial services market. Combining increased financial services exports, improving profitability in traditional banking, and a thriving fintech ecosystem positions Europe at the forefront of AI adoption in finance.

List of Key Companies Profiled

  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Salesforce, Inc.
  • OpenAI, LLC
  • SAP SE
  • Oracle Corporation
  • Accenture PLC

Market Report Segmentation

By Deployment

  • Cloud-based
  • On-premises

By End User

  • Retail Banking
  • Corporate Banking
  • Insurance Companies
  • Investment Firms
  • Hedge Funds
  • FinTech Companies

By Application

  • Risk Management
  • Fraud Detection
  • Credit Scoring
  • Forecasting & Reporting
  • Customer Service & Chatbots

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Generative AI In Financial Services Market, by Deployment
1.4.2 Europe Generative AI In Financial Services Market, by End User
1.4.3 Europe Generative AI In Financial Services Market, by Application
1.4.4 Europe Generative AI In Financial Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jun - 2024, Aug) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Generative AI In Financial Services Market by Deployment
5.1 Europe Cloud-based Market by Country
5.2 Europe On-premises Market by Country
Chapter 6. Europe Generative AI In Financial Services Market by End User
6.1 Europe Retail Banking Market by Country
6.2 Europe Corporate Banking Market by Country
6.3 Europe Insurance Companies Market by Country
6.4 Europe Investment Firms Market by Country
6.5 Europe Hedge Funds Market by Country
6.6 Europe FinTech Companies Market by Country
Chapter 7. Europe Generative AI In Financial Services Market by Application
7.1 Europe Risk Management Market by Country
7.2 Europe Fraud Detection Market by Country
7.3 Europe Credit Scoring Market by Country
7.4 Europe Forecasting & Reporting Market by Country
7.5 Europe Customer Service & Chatbots Market by Country
Chapter 8. Europe Generative AI In Financial Services Market by Country
8.1 Germany Generative AI In Financial Services Market
8.1.1 Germany Generative AI In Financial Services Market by Deployment
8.1.2 Germany Generative AI In Financial Services Market by End User
8.1.3 Germany Generative AI In Financial Services Market by Application
8.2 UK Generative AI In Financial Services Market
8.2.1 UK Generative AI In Financial Services Market by Deployment
8.2.2 UK Generative AI In Financial Services Market by End User
8.2.3 UK Generative AI In Financial Services Market by Application
8.3 France Generative AI In Financial Services Market
8.3.1 France Generative AI In Financial Services Market by Deployment
8.3.2 France Generative AI In Financial Services Market by End User
8.3.3 France Generative AI In Financial Services Market by Application
8.4 Russia Generative AI In Financial Services Market
8.4.1 Russia Generative AI In Financial Services Market by Deployment
8.4.2 Russia Generative AI In Financial Services Market by End User
8.4.3 Russia Generative AI In Financial Services Market by Application
8.5 Spain Generative AI In Financial Services Market
8.5.1 Spain Generative AI In Financial Services Market by Deployment
8.5.2 Spain Generative AI In Financial Services Market by End User
8.5.3 Spain Generative AI In Financial Services Market by Application
8.6 Italy Generative AI In Financial Services Market
8.6.1 Italy Generative AI In Financial Services Market by Deployment
8.6.2 Italy Generative AI In Financial Services Market by End User
8.6.3 Italy Generative AI In Financial Services Market by Application
8.7 Rest of Europe Generative AI In Financial Services Market
8.7.1 Rest of Europe Generative AI In Financial Services Market by Deployment
8.7.2 Rest of Europe Generative AI In Financial Services Market by End User
8.7.3 Rest of Europe Generative AI In Financial Services Market by Application
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments
9.1.4.1 Partnerships, Collaborations, and Agreements
9.1.5 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments
9.2.5.1 Partnerships, Collaborations, and Agreements
9.2.5.2 Product Launches and Product Expansions
9.2.6 SWOT Analysis
9.3 Intel Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments
9.3.5.1 Partnerships, Collaborations, and Agreements
9.3.6 SWOT Analysis
9.4 Microsoft Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments
9.4.5.1 Partnerships, Collaborations, and Agreements
9.4.5.2 Product Launches and Product Expansions
9.4.6 SWOT Analysis
9.5 Google LLC (Alphabet Inc.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments
9.5.5.1 Partnerships, Collaborations, and Agreements
9.5.5.2 Product Launches and Product Expansions
9.5.6 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments
9.6.5.1 Partnerships, Collaborations, and Agreements
9.6.5.2 Product Launches and Product Expansions
9.6.6 SWOT Analysis
9.7 OpenAI, L.L.C.
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 SAP SE
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments
9.8.5.1 Partnerships, Collaborations, and Agreements
9.8.5.2 Product Launches and Product Expansions
9.8.6 SWOT Analysis
9.9 Accenture PLC
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments
9.9.5.1 Partnerships, Collaborations, and Agreements
9.9.5.2 Acquisition and Mergers
9.9.6 SWOT Analysis
9.10. Salesforce, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments
9.10.5.1 Partnerships, Collaborations, and Agreements
9.10.5.2 Product Launches and Product Expansions
9.10.6 SWOT Analysis

Companies Mentioned

Some of the key companies in the Europe Generative AI In Financial Services Market include:
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Salesforce, Inc.
  • OpenAI, LLC
  • SAP SE
  • Oracle Corporation
  • Accenture PLC

Methodology

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