DUBLIN--(BUSINESS WIRE)--The "Anti-Money Laundering (AML) Software - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to this report, the Global Anti-Money Laundering (AML) Software market accounted for $879.21 million in 2017 and is expected to reach $3,426.62 million by 2026 growing at a CAGR of 16.3% during the forecast period.
Increase in money launder cases and increase in expenditures are driving towards the market growth. However, the lack of skilled anti-money laundering professional is restraining the market.
Banking, financial services and insurance institutions (BFSI) are the ones that are particularly targeted by money launderers. Ever-increasing risks from financial frauds including high-profile money laundering activities represent one of the most challenging issues facing the BFSI industry. In order to limit money laundering risks, it has become important for financial institutions to understand the importance and imminent need of taking preventive measures.
Solutions Covered:
- KYC (Know Your Customer)
- Watch-list Screening
- Fraud, Risk & Compliance Management
- Transactional Monitoring
- Case Management
- Data Warehouse Management
- Alert Management & Reporting
- Analytics & Visualization
- Other Solutions
Components Covered:
- Service
- Software
Deployments Covered:
- Cloud-based
- On-premise
Applications Covered:
- Private Banking
- Retail Banking
- Investment Banking
- Corporate Banking
- Legal Service Providers
- Multiple Banking Services
- Asset Management
End-Users Covered:
- Banking, Financial Services and Insurance (BFSI)
- Healthcare
- Defense and Government
- IT & Telecom
- Transportation and Logistics
- Other End-Users
Companies Profiled:
- ACI Worldwide Inc.
- Oracle
- EastNets
- Fico Tonbeller
- NICE Actimize
- Regulatory DataCorp Inc.
- Safe Banking Systems LLC
- SAS Institute Inc.
- Thomson Reuters Corporation
- Truth Technologies Inc.
- Verafin Inc.
- AML Partners
- BAE Systems
- Experian
- FIS
- Aquilan
For more information about this report visit https://www.researchandmarkets.com/research/ks9fhp/global_antimoney?w=4
