Dublin, Jan. 17, 2019 (GLOBE NEWSWIRE) -- The "Anti-Money Laundering (AML) Software - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
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%
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.
Anti money laundering software is a computer program or application that is used in analysing customer data and identifies suspicious transactions. Based on the customer data it filters the information and analyses the transaction pattern and identifies risk if there is any abnormal transaction and sudden & different changes in the account considering the gestured pattern.
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.
Across the globe, North America has stringent government regulations against money laundering in the U.S. is facilitating the market growth in this region. Regulations for customer identification and compliances for financial institutions to counter money laundering activities are far more stringent in the U.S. as compared to other regions. The anti-money laundering software providers can leverage this as an opportunity for expanding their business and ensure that money laundering incidences are reduced to a greater extent.
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Anti-Money Laundering (AML) Software Market, By Solution
5.2 KYC (Know Your Customer)
5.3 Watch-list Screening
5.4 Fraud, Risk & Compliance Management
5.5 Transactional Monitoring
5.6 Case Management
5.7 Data Warehouse Management
5.8 Alert Management & Reporting
5.9 Analytics & Visualization
5.10 Other Solutions
6 Global Anti-Money Laundering (AML) Software Market, By Component
6.3.1 Currency Transaction Reporting Software (CTR)
6.3.2 Transaction Monitoring Software
6.3.3 Customer Identity Management Software (CIM)
6.3.4 Compliance Management Software
6.3.5 Other Softwares
22.214.171.124 Sanction Screening Software
126.96.36.199 Compliance Management Software
7 Global Anti-Money Laundering (AML) Software Market, By Deployment
8 Global Anti-Money Laundering (AML) Software Market, By Application
8.2 Private Banking
8.3 Retail Banking
8.4 Investment Banking
8.5 Corporate Banking
8.6 Legal Service Providers
8.7 Multiple Banking Services
8.8 Asset Management
9 Global Anti-Money Laundering (AML) Software Market, By End User
9.2 Banking, Financial Services and Insurance (BFSI)
9.4 Defense and Government
9.5 IT & Telecom
9.6 Transportation and Logistics
9.7 Other End-Users
10 Global Anti-Money Laundering (AML) Software Market, By Geography
10.2 North America
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 ACI Worldwide, Inc.
12.4 FICO TONBELLER
12.5 NICE Actimize
12.6 Regulatory DataCorp, Inc.
12.7 Safe Banking Systems LLC
12.8 SAS Institute Inc.
12.9 Thomson Reuters Corporation
12.10 Truth Technologies, Inc.
12.11 Verafin Inc.
12.12 AML Partners
12.13 BAE Systems
For more information about this report visit https://www.researchandmarkets.com/research/p6xc93/global_antimoney?w=12
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