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Anti-Money Laundering Software Market expected to grow at a CAGR of 21.1% during the forecast period 2020 - 2027, to account to US$ 4,993.2 Mn by 2027
Anti-Money Laundering Software Market
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The advancement in technology is growing at a higher pace. Almost 60% of the world's population lives in the Asia Pacific region, which majorly depends on a number of banks as well as a financial institution for their transactions. The deployment of anti-money laundering software is most significant across diversified industries such as BFSI, Retail, IT & Telecom, healthcare with a purpose to deal with the growing instances of terrorist, fraud detection activities across the region, which further boosting the growth of anti-money laundering software market.
The List of Companies - Global Anti-Money Laundering Software Market
ACI Worldwide
SAS Institute
Oracle Corporation
BAE Systems
Accenture
Verafin Inc.
Safe Banking Systems LLC
Eastnets Holding Ltd.
Ascent Technology Consulting
Opentext Corporation
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Anti-Money Laundering Software Market by Region Segmentation:
North America Country (United States, Canada)
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
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Major Topics Covered in this Report -
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Type
Chapter 4 Market Size by Application
Chapter 5 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 6 Opportunities & Challenges, Threat and Affecting Factors
Chapter 7 Key Findings
Chapter 8 Appendix
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The increasing emphasis on internet banking and digital transactions is anticipated to drive the anti-money laundering market's expansion in the future. Digital transactions involve money transfer from one payment account to another via a computer, mobile phone, or other digital device. Technologies aimed at preventing money laundering are employed to deter online fraud and mitigate risks associated with digital…
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The surge in incidents related to money laundering is anticipated to boost the anti-money laundering software industry. Money laundering typically involves transforming unlawfully obtained capital into lawful funds. The significant growth in money laundering incidents has facilitated the widespread use of anti-money laundering software programs to meet the regulatory demands of organizations seeking…
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Anti-money laundering (AML) comprises laws, policies, and regulations to safeguard financial frauds and illegal activity. Organizations must comply with these regulations even though compliance led financial institutions do have compliance departments and purchase software solutions. As times are changing, organizations are becoming more adaptive to the AML technologies and the end-user industry is reflecting various important trends shaping how they are being utilized. Increasing stringent regulations and compliance obligations for…
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