Anti-money Laundering Software

  • Latest market study on "Anti-Money Laundering Software Market to 2027 by Deployment Type (On-premise and Cloud); Component (Software and Services); Product (Transaction Monitoring, Compliance Management, Currency Transaction Reporting, and Customer Identity Management); and End User (Healthcare, BFSI, Retail, IT & Telecom, Government, and Others) - Global Analysis and Forecast", the anti-money laundering software market is estimated to reach US$ 4,993.2 Mn by 2027 from US$ 905.7 Mn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

  • The financial ecosystem lately has been revolutionized by the rapid developments in the machine learning, data science, and their ability to produce algorithms for predictive data analytics. Machine leaning in the recent times has proved to be holding great promise for the banking system, particularly in the area of detecting hidden patterns and suspicious money-laundering activities. Machine learning facilitates identification of money-laundering typologies, strange and suspicious transactions, behavioral transitions in customers, transactions of customers belonging to same geography, age, groups and other identities; and helps reduce false positives.

  • Worldwide Anti-Money Laundering Software Industry is Stringent government regulations coupled with increasing money laundering cases are major factors driving the market globally. However, requirement of skilled workforce is expected to hinder the growth of market during the forecast period.

  • Anti-money laundering software is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. There are four basic types of software that address anti-money laundering: transaction monitoring systems, currency transaction reporting (CTR) systems, customer identity management systems and compliance management software.

  • Anti-money laundering software is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. There are four basic types of software that address anti-money laundering: transaction monitoring systems, currency transaction reporting (CTR) systems, customer identity management systems and compliance management software.

  • Extensive analysis of the Global “Anti-Money Laundering (AML) Software Market” Report available at arcognizance.com is conducted by following key product positioning and monitoring the top competitors within the market framework. The report will assist reader with better understanding and decision making.

  • The financial ecosystem lately has been revolutionized by the rapid developments in the machine learning, data science, and their ability to produce algorithms for predictive data analytics. Machine leaning in the recent times has proved to be holding great promise for the banking system, particularly in the area of detecting hidden patterns and suspicious money-laundering activities. Machine learning facilitates identification of money-laundering typologies, strange and suspicious transactions, behavioral transitions in customers, transactions of customers belonging to same geography, age, groups and other identities; and helps reduce false positives.

  • Market Research Report on “Anti-Money Laundering (AML) Software Market”, which provides an in-depth insight of Global Anti-Money Laundering (AML) Software Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The report will assist the reader with better understanding and decision making.

  • The Anti Money Laundering Software Market has been forecasted for the period 2019 to 2023, based on value (US$ Mn). This report provides forecast and analysis of the Anti Money Laundering Software Market at Regional and global levels.

  • This report focuses on the global Anti-Money Laundering Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Anti-Money Laundering Software development in United States, Europe and China.

  • Top Key Players like ACI Worldwide, AML360, AML Partners, EastNets, Experian, Fiserv, Nice Actimize