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Anti-Money Laundering (AML) Software Solution Market- Industry Trend Analysis, Demand and Outlook 2017 – 2027
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Anti-Money Laundering (AML) Software SolutionMarket: Drivers and Challenges
The major driver for Anti- Money Laundering (AML) software solution market are convergence of increased regulations, and regulatory enforcement actions, and next-generation technologies that address Anti-Money Laundering and fraud management across the enterprise. Furthermore, for financial enterprises it has become essential to understand the importance of compliance and to invest in Anti Money laundering technology to reduce the risk factors in business operations.Governments are making Anti-Money Laundering Software Solution compulsory for enterprises to avoid unlawful financing activities.
In contrast to this, due to high cost implementation, issues pertaining to data security and complexity of data interpretation is restraining the Anti-Money Laundering Software Solution Market growth.
Anti-Money Laundering (AML) Software SolutionMarket: Segmentation
Segmentation on the basis of type:
Transaction Monitoring Systems
Currency Transaction Reporting
Customer Identity Management Systems
Compliance Management Software
Segmentation on the basis of industry:
BFSI
IT and Telecommunications
Manufacturing
Transportation and Logistics
Defense and Government
Healthcare
Retail
Energy and Utilities
Others
Anti-Money Laundering (AML) Software SolutionMarket: key players
Some of the key players for Speech Anti-Money Laundering Software Solution Market are Fiserv Inc, SAS Institute Inc, NICE Actimize Inc, Norkom Technologies Ltd, IBM, TCS, Oracle Corp, Infosys, 3i Infotech Ltd, Accuity Birst Inc, ACI Worldwide Inc, Acquilan Technologies Inc, Ficrosoft, Cellent Finance Solutions AG, EastNets Ltd, Ficrosoft Infor Global Solutions, FIS.
Anti-Money laundering Software SolutionMarket: Regional Overview
Anti-Money laundering Software Solution Market is currently dominated by North America due to the technological advancements in this region.Asia Pacific Anti-Money laundering Software Solution Market is expected to have the highest growth rate during the forecast period.
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