Anti-Money Laundering Software Market growth is propelled by rising demand in Financial Sectors - PowerPoint PPT Presentation

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Anti-Money Laundering Software Market growth is propelled by rising demand in Financial Sectors

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“Transaction monitoring software will continue its dominance with a share of around 50% during the forecast period. International banking systems are facing increased money laundering threats and hence major commercial banks worldwide are updating their transaction monitoring systems, which shall assist them in suspicious transaction monitoring on a real-time basis. This is expected to drive the growth of transaction monitoring systems within the global anti-money laundering software industry.” – PowerPoint PPT presentation

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Title: Anti-Money Laundering Software Market growth is propelled by rising demand in Financial Sectors


1
Global Anti-Money Laundering Software Market Size
  • By Deployment Type (On-Premise and Cloud), By
    Product Type (Transaction Monitoring Systems,
    Currency Transaction Monitoring, Customer
    Identity Management, Compliance Management and
    Others), By Application, Financial institution
    (Tier -1 Commercial Banking, Tier -2 Credit
    Finance institution, Tier -3 Micro Finance
    Institution and Tier -4 Loan Lending
    institution), By Region (North and Central
    America, Europe, Asia Pacific, South America and
    MEA)

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2
Anti-Money Laundering Software Market Size and
Forecast 2019-2025
  • Global anti-money laundering software market size
    is projected to cross USD 2 billion. Increased
    frauds in Fintech services digital transactions
    and increased spending on IT solutions by
    financial institutions is expected to drive the
    growth of global anti-money laundering software
    market. 
  • The study includes global anti-money laundering
    software market size till 2025 along with company
    summaries which include company overview, product
    offering, and recent developments and financial
    overview.
  • Additionally, strict rules and regulations by
    Financial Action Task Force (FATF), International
    monetary funds, Bank Secrecy Act in the U.S. to
    increase the adoption of anti-money laundering
    software driving the AML software market growth.
  • On-premise is projected to be a preferred
    deployment type over cloud during the forecast
    period. Concerns over security and data theft for
    cloud deployment is the reason for slower
    adoption. 
  • Transaction monitoring software will continue its
    dominance with a share of around 50 during the
    forecast period.
  • International banking systems are facing
    increased money laundering threats and hence
    major commercial banks worldwide are updating
    their transaction monitoring systems, which shall
    assist them in suspicious transaction monitoring
    on a real-time basis. 
  • Browse the complete report on _at_
    https//adroitmarketresearch.com/industry-reports/
    anti-money-laundering-software-market

3
Anti-Money Laundering Software Market Size and
Forecast 2019-2025
  • Technological developments such as machine
    learning which is capable of constructing
    algorithms that shall help in the predictive
    analysis are expected to revolutionize the
    anti-money laundering software.
  • According to the United Nations Office on Drug
    and Crime, money laundering worldwide is
    estimated to be 2 of the global GDP. To counter
    these money laundering cases which are financing
    to terror activities and drug trafficking
    government have implemented various acts and
    rules in many regions for the financial
    institution.
  • In North and Central America, USA Patriot Act and
    Bank Secrecy Act in the U.S., Proceeds of Crime
    (Money Laundering) in Canada and Federal Law for
    the Prevention and Identification of Operations
    in Mexico are the reason major financial
    institutions in the region have widely adopted to
    anti-money laundering software. 
  • Thus, North and Central America had the largest
    market in 2017 and is projected to grow at a CAGR
    of 8.46 during the estimated period in global
    anti-money laundering software market.
  • The key players associated in the global
    anti-money laundering software market are Oracle
    Corporation, Fiserv, Inc., Accenture Inc., SAS
    Institute Inc., Thomson Reuters Corporation,
    SunGard, FICO TONBELLER, Ascent Technology
    Consulting, EastNets and others. 
  • Thus, major financial institutions are
    implementing and updating their transaction
    monitoring software, which is driving the growth
    of the global anti-money laundering software
    market.

4
Key segments of the global Anti-Money Laundering
Software market
  • Deployment Overview, 2012-2025 (USD million)
  • On premise
  • Cloud
  • Product Overview, 2012-2025 (USD million)
  • Transaction Monitoring Software
  • Currency Transaction Monitoring
  • Customer Identity Management
  • Compliance Management
  • Others
  • Application Overview, 2012-2025 (USD million)
  • Tier-1 Commercial banks
  • Tier-1 Commercial banks
  • Tier 3 Micro finance Institutions
  • Tier-4 Loan lending institutions
  • Purchase a single user copy of the global
    Anti-Money Laundering Software market report _at_
    https//adroitmarketresearch.com/researchreport/pu
    rchase/342

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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