The global AI in the BFSI market is estimated to grow significantly, at a CAGR of 34.3%, during the forecast period. The applications of AI in banking involve developing proactive risk management systems and achieving productivity gains. Regardless of the nascent stage of AI adoption, the profits have already been realized at numerous large-scale banks over the globe. Several banks have reported that investments in AI reduced their production costs and increased revenues significantly. The integration of AI in the BFSI sector can deliver efficient results, specifically for customer service. The benefits it is providing in the BFSI sector are expected to stimulate the growth of the global AI in the BFSI market in the years to come.