Global Anti-Money Laundering Solution Market

 

The Global Anti-Money Laundering Solution Market size was valued at USD 2.19 Billion in 2021, and it is expected to reach a value of USD 5.08 Billion by 2028, at a CAGR of 5.85% over the forecast period (2022 - 2028).

Anti-money laundering solutions allows banks and other financial institutions to use automated procedures to monitor client behavior for suspected criminal financial activity. Anti-money laundering software market includes many types of AML solutions such as transaction monitoring, currency transaction reporting, client identification management, and compliance management. The growth of global transactions has encouraged the adoption of anti-money laundering (AML) solutions by banks and other financial institutions.

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Top Players Company Profile

·       SAS Institute (US)

  • Oracle Corporation (US)
  • Experian (Ireland)
  • Fiserv (US)
  • TransUnion (US)
  • Wolter’s Kluwer (The Netherlands)
  • TCS (India)

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Recent Developments

  • In June 2022, NICE Actimize was voted the category winner for "Best Solution for Managing Financial Crime" in A-Team Group's 2022 Europe RegTech Insight Awards, marking the company's fifth year in a row winning this honor.
  • In March 2022, BAE Systems Digital Intelligence and the University of Nottingham Malaysia collaborated to examine unsupervised machine learning and how it might be used in the identification of previously unknown danger, referred to as "missing risk," in the context of financial crime.
  • In December 2021, NICE Actimize partnered with a California-based provider of decision management systems, Spark Logic to enhance the NICE Actimize’s cloud-native X-Sight financial CRI management platform. The Sparkling Logic platform automates risk and compliance decisions, lowering the time it takes to respond to new insights derived from a variety of data and market movements.
  • In October 2021, Bangkok Bank Limited (BBL) implemented an anti-money laundering (AML) compliance program that was designed in collaboration with SAS and based on SAS Anti-Money Laundering. Bangkok Bank Limited (BBL) has 300 branches around the world, and this solution unifies and consolidates AML operations

About Us-

 

SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.

 

Contact Us-

 

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USA (+1) 617-230-0741

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