The global fintech market is projected to grow at a CAGR of 23.58% by 2025, with the computer vision market size anticipated to reach $19.1 billion by 2027. The pandemic has accelerated the adoption of fintech apps, resulting in a 72% increase in usage, alongside innovations in digital banking features such as remote identification and contactless payments. Key applications of computer vision in fintech include facial recognition and KYC verification, enhancing security and user experience.

1. Computer Vision
for Fintech
The Global Fintech Market to grow at CAGR of 23.58% by 2025
ResearchandMarkets
Computer Vision Market Size Worth $19.1 Billion By 2027 | CAGR: 7.6%
Grand View Research, Inc
Coronavirus Drives 72% Rise In Use Of Fintech Apps
Forbes
The global mobile payment market forecasted $3.08 Trillion size by 2024
IMARC’s
60% of banks closed or shortened opening hours of branches
Many banks implemented digital features like account opening (34%)
Remote identification & verification (23%)
Contactless payments (18%)
Deloitte
Rise of Mobile Payment
Technology
Online Payment
Systems
Blockchain Adoption
Pandemic-Proof
Banks
RPA
Digital Wallets
Artificial Intelligence
and Machine Learning
Biometrics
Security Systems
Reg-Tech
Grand View Research, Inc
2020 2021 2022 2023 2024 2025 2026 2027
$19 billion
CAGR: 7.6%
Computer Vision
Market Size Worth
Data Capture &
Extraction
Facial
Recognition-Based
ATMs
Authentication on
Mobile Devices
Know-Your-Customer
Verification (KYC)
Facial Recognition
Payment Systems
Transaction Search
Data Security
Decreased Fraud
Risks
Enhanced User
Experience
Theft Detection &
Prevention
Manual Work
Automation
Increased Efficiency
Fintech Market Trends
Everyday Fintech Use Cases
for Computer Vision
Key Benefits
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