AI issued loans to rise US billion by 2021 says Juniper

A new study by Juniper Research titled AI & Machine Learning: Fintech Dynamics, Disruption & Future Opportunities 2016-2021 predicts that unsecured consumer loans that use artificial intelligence or machine learning technology will jump to 960% over the next five years (2016-2021) and potentially becoming a US$17 billion business for Fintechs by 2021. Fueling this growth will be advances in analytics and accessible computing power. Figure 1: Machine-learning assisted unsecured consumer loan revenues by 2021 Source: Juniper Research The study also predicts that machine learning spend in Fintech will advance rapidly, owing to the highly data‑driven nature of the market, meaning that AI integration is likely to spell substantial benefits. Juniper researchers claim that machine learning has seen a tremendous leap in activity since 2011, with substantial increases in VC and…

Link to Full Article: AI issued loans to rise US billion by 2021 says Juniper

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