North America Autonomous Finance Market Size, Share & Industry Trends Analysis Report By Solution, By End-Use (Banks, Financial Institutions, Healthcare, Insurance Companies, Telecom, and Others), By Country and Growth Forecast, 2022 - 2028

North America Autonomous Finance Market Size, Share & Industry Trends Analysis Report By Solution, By End-Use (Banks, Financial Institutions, Healthcare, Insurance Companies, Telecom, and Others), By Country and Growth Forecast, 2022 - 2028

The North America Autonomous Finance Market would witness market growth of 12.8% CAGR during the forecast period (2022-2028).

To automate business procedures, banks and other financial institutions have raised funds for technologies like blockchain, robotic process automation (RPA), data analytics, and artificial intelligence (AI). As a result, global banks such as Goldman Sachs, Barclays, and Moelis have automated back-end procedures to increase productivity, lessen the burden, and better use staff for core duties.

One of the main factors influencing the expansion of autonomous finance operations is the shifting client demands for real-time financial services. Thus, suppliers of financial services are pushed to change to meet the most current client requirements. For example, World Pay Group, a provider of payment processing services, enabled businesses to accept cryptocurrency payments from customers both online and in person. In addition, commonplace payment options like digital wallets clearly show the adoption of digital payments.

Moreover, the development of the autonomous finance sector is anticipated to be aided by innovation fostered by cutting-edge technologies like blockchain-based autonomous decentralized finance. An autonomous financial function may make choices based on the data gathered and leverages technologies beyond typical automation to add features like self-learning and self-correction. All areas of the finance department, from the back office to the CFO's office, have the potential to change due to these technologies.

The banks of Canada have a vast network of about 6,205 branches and 18,303 automated banking machines (ABMs) spread across the country. Canada has one of the greatest per capita ABM numbers in the world and high levels of electronic channel penetration, such as debit cards, internet banking, and telephone banking. ABMs are used by nearly 26% of Canadians for the majority of their banking transactions. Thus, Canada has a well-developed and organized banking sector that is expected to benefit massively from the growing adoption of smart finance technologies. Thus, the regional Autonomous Finance Market is expanding.

The US market dominated the North America Autonomous Finance Market by Country in 2021; thereby, achieving a market value of $7,835.8 million by 2028. The Canada market is experiencing a CAGR of 15.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 14.4% during (2022 - 2028).

Based on Solution, the market is segmented into Auto Payments, Digital Identity Management System, Loan Application Processing, Liquidity Management, Asset Management, and Others. Based on End-Use, the market is segmented into Banks, Financial Institutions, Healthcare, Insurance Companies, Telecom, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, NICE Ltd., HighRadius Corporation, Signzy Technologies Private Limited, Roots Automation, Inc., ReGov Technologies Sdn Bhd, Fennech Financial Ltd, Auditoria.AI, VIC.AI and ViralGains, Inc.

Scope of the Study

Market Segments covered in the Report:

By Solution

  • Auto Payments
  • Digital Identity Management System
  • Loan Application Processing
  • Liquidity Management
  • Asset Management
  • Others
By End-Use
  • Banks
  • Financial Institutions
  • Healthcare
  • Insurance Companies
  • Telecom
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Oracle Corporation
  • NICE Ltd.
  • HighRadius Corporation
  • Signzy Technologies Private Limited
  • Roots Automation, Inc.
  • ReGov Technologies Sdn Bhd
  • Fennech Financial Ltd
  • Auditoria.AI
  • VIC.AI
  • ViralGains, Inc.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Autonomous Finance Market, by Solution
1.4.2 North America Autonomous Finance Market, by End-Use
1.4.3 North America Autonomous Finance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Autonomous Finance Market by Solution
3.1 North America Auto Payments Market by Country
3.2 North America Digital Identity Management System Market by Country
3.3 North America Loan Application Processing Market by Country
3.4 North America Liquidity Management Market by Country
3.5 North America Asset Management Market by Country
3.6 North America Others Market by Country
Chapter 4. North America Autonomous Finance Market by End-Use
4.1 North America Banks Market by Country
4.2 North America Financial Institutions Market by Country
4.3 North America Healthcare Market by Country
4.4 North America Insurance Companies Market by Country
4.5 North America Telecom Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Autonomous Finance Market by Country
5.1 US Autonomous Finance Market
5.1.1 US Autonomous Finance Market by Solution
5.1.2 US Autonomous Finance Market by End-Use
5.2 Canada Autonomous Finance Market
5.2.1 Canada Autonomous Finance Market by Solution
5.2.2 Canada Autonomous Finance Market by End-Use
5.3 Mexico Autonomous Finance Market
5.3.1 Mexico Autonomous Finance Market by Solution
5.3.2 Mexico Autonomous Finance Market by End-Use
5.4 Rest of North America Autonomous Finance Market
5.4.1 Rest of North America Autonomous Finance Market by Solution
5.4.2 Rest of North America Autonomous Finance Market by End-Use
Chapter 6. Company Profiles
6.1 Oracle Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 NICE Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 Recent strategies and developments:
6.2.5.1 Product Launches and Product Expansions:
6.3 HighRadius Corporation
6.3.1 Company Overview
6.3.2 Recent strategies and developments:
6.3.2.1 Partnerships, Collaborations, and Agreements:
6.4 Signzy Technologies Private Limited
6.4.1 Company Overview
6.5 Roots Automation, Inc.
6.5.1 Company Overview
6.6 ReGov Technologies SDN BHD
6.6.1 Company Overview
6.7 Fennech Financial Ltd
6.7.1 Company Overview
6.8 Auditoria.AI
6.8.1 Company Overview
6.9 VIC.AI
6.9.1 Company Overview
6.9.2 Recent strategies and developments:
6.9.2.1 Partnerships, Collaborations, and Agreements:
6.10. ViralGains, Inc.
6.10.1 Company Overview

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