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Global Anti-Money Laundering (AML) Software Market to 2026 by Solution, Component, Deployment, Application and End-user - ResearchAndMarkets.com

January 18, 2019

DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--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

View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005175/en/

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Related Topics:Banking

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES BANKING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/18/2019 06:49 AM/DISC: 01/18/2019 06:48 AM

http://www.businesswire.com/news/home/20190118005175/en

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