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Anti-Money Laundering Software Market Trends, Size, Outlook By top Key Players are ACI Worldwide SAS, Oracle, BAE Systems, Accenture, Verafin, Ascent Technology Consulting, OpenText

03-16-2020 09:02 AM CET | IT, New Media & Software

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Anti-Money Laundering Software Market Outlook By 2027

Anti-Money Laundering Software Market Outlook By 2027

Anti-Money Laundering Software market report is an in-depth study on the ICT industry while also explaining what Anti-Money Laundering Software market definition, classifications, applications, engagements, and global industry trends are.

ACI Worldwide, SAS, Oracle, BAE Systems, Accenture, Verafin, Ascent Technology Consulting are turning heads in the Anti-Money Laundering Software market because of their product launches, their researches, joint ventures, merges, and accusations. This report brings to you all the companies profiles needed to be in the competition for the Anti-Money Laundering Software market .With the help of SWOT analysis the report tell you about all the market restrain and drivers to be followed in the forecast years 2020-2027 While also explaining what the Anti-Money Laundering Software market's definition, classifications, applications, and engagements are.

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The financial ecosystem lately has been revolutionized by the rapid developments in the machine learning, data science, and their ability to produce algorithms for predictive data analytics. Machine leaning in the recent times has proved to be holding great promise for the banking system, particularly in the area of detecting hidden patterns and suspicious money-laundering activities. Machine learning facilitates identification of money-laundering typologies, strange and suspicious transactions, behavioral transitions in customers, transactions of customers belonging to same geography, age, groups and other identities; and helps reduce false positives. It also helps analyze similar transactions for focal entities and correlate alerts that were flagged as suspicious in regulatory reports. The advanced capabilities provided by the machine learning and data science enabled AML software is expected to significantly drive the market in coming years.

Furthermore, as money launderers would continue to explore newer ways to use banks for illicit activities the timely detection of the laundering activities is expected to be the most challenging aspect in the implementation of an efficient AML. There are already a numerous innovative technology based products and tools that are available in the market are capable of detecting, tracking and preventing money laundering. Although these technology may not completely eliminate money laundering, they would in spite bring the money laundering under control to a greater extent. Owing to this the financial institutes would sooner raise the demand for such AML software.

Global Anti-Money Laundering Software Market - Companies Mentioned:
o ACI Worldwide
o SAS
o Oracle
o BAE Systems
o Accenture
o Verafin
o Ascent Technology Consulting
o OpenText

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The global market for anti-money laundering software market is segmented on various parameters such as deployment type, component, product, industry vertical, and geography. Based on deployment type, on-premise segment dominate the anti-money laundering software market heavily and is expected to continue its dominance throughout the forecast period from 2019 - 2027.

On the basis of component, services segment is expected to witness a significant growth rate in the coming years. Further, based on product, transaction monitoring led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. The anti-money laundering software market by industry vertical was led by BFSI segment which held a maximum market share in the year 2018. Key players operating in the market are introducing attractive solutions and are partnering with the small as well as large companies which is helping them to gain customer traction.

Chapter Details of Anti-Money Laundering Software Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Anti-Money Laundering Software Market Landscape
Part 04: Anti-Money Laundering Software Market Sizing
Part 05: Anti-Money Laundering Software Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Major highlights of the report:
oAn all-inclusive evaluation of the parent market
oThe evolution of significant market aspects
oIndustry-wide investigation of market segments
oAssessment of the market value and volume in the past, present, and forecast years
oMarket share evaluation
oStudy of niche industrial sectors
oTactical approaches of the market leaders
oLucrative strategies to help companies strengthen their position in the market.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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