Asia Pacific Anti-Money Laundering Solution Market To Witness Stunning Growth To Generate Massive Revenue Forecast to 2021: 2027| Aci Worldwide, Inc., BAE Systems plc, EastNets.com, LexisNexis Risk Solutions Group and Nasdaq Inc.

Anti-Money Laundering Solution Market is expected to grow from US$ 376.59 million in 2019 to US$ 1,681.34 million by 2027; it is estimated to grow at a CAGR of 17.9 % from 2020 to 2027

An anti-money laundering (AML) solution is deployed to meet the financial institutions' legal requirements for preventing and reporting the activities of money laundering. Increasing online transactions and rising concerns regarding fraudulent transactions have steered the adoption of anti-money laundering solutions across APAC region. Further, supportive government regulations supplement the growth of the APAC anti-money laundering solution market to a significant extent. The governments and regulators in APAC are strongly focusing on adopting the standards set by the intergovernmental Financial Action Task Force (FATF) to reinforce anti-money laundering. Rise in partnerships and increase in product launches are driving the market. For instance, in September 2017, SAS Institute announced its partnership with Sumitomo Mitsui Financial Group, Inc. According to this partnership, Sumitomo Mitsui Banking Corporation deployed SAS AI to detect and report fraudulent transactions. Other factors such as growing adoption of cryptocurrency and advanced data analytics are expected to drive the APAC anti-money laundering solution market during forecast period

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Leading Asia Pacific Anti-Money Laundering Solution Market Players:

•Aci Worldwide, Inc.
•BAE Systems plc
•EastNets.com
•LexisNexis Risk Solutions Group
•Nasdaq Inc.
•NICE Ltd.
•Open Text Corporation
•Oracle Corporation
•SAS Institute Inc.

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APAC Anti-Money Laundering Solution Market Segmentation
APAC Anti-Money Laundering Solution Market - By Component
•Software
•Services
APAC Anti-Money Laundering Solution Market - By Deployment Type
•On-Premises
•Cloud
APAC Anti-Money Laundering Solution Market - By Product
•Transaction Monitoring
•Compliance management
•Currency transaction reporting
•Customer identity management
APAC Anti-Money Laundering Solution Market - By Industry
•Healthcare
•BFSI
•Retail
•IT and Telecom
•Government
•Others
APAC Anti-Money Laundering Solution Market - By Country
•Australia
•China
•India
•Japan
•South Korea
•Rest of APAC

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