openPR Logo
Press release

AI-Based Anti-Money Laundering (AML) Solutions Market Astonishing Growth by 2028 with ACI Worldwide, FICO, SAS Institute Inc, Brighterion, IBM, Genpact Limited, Fenergo, Compliance AI, BAE Systems, Pegasystems, ComplyAdvantage

09-15-2021 02:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Consultant

AI-Based Anti-Money Laundering (AML) Solutions Market

AI-Based Anti-Money Laundering (AML) Solutions Market

AI can help by detecting hidden patterns easily missed by its human counterparts and can create accurate segments leading to better rules/thresholds for the AML program. This dramatically lowers the rate of false positives and saves time and effort previously expended reviewing cases.

In the AML world, AI-powered technology can reduce false positives, automate investigation processes, and streamline reporting, so valuable investigator time isn't wasted. AI also decreases risk by finding financial crimes that current transaction monitoring systems (TMS) are missing.

Anti-Money Laundering (AML) is a set of policies, procedures, and technologies that prevents money laundering. There are three major steps in money laundering (placement, layering, and integration), and various controls are put in place to monitor suspicious activity that could be involved in money laundering.

As discussed above, a major benefit of blockchain technology in KYC/AML compliance is that it eliminates the duplication of multiple FIs validating the same set of documents.

Request for a sample report here @ https://www.reportconsultant.com/request_sample.php?id=91050

Major Players Covered in this Report:
• ACI Worldwide, Inc
• FICO (Fair, Isaac and Company)
• SAS Institute Inc
• Brighterion, Inc
• IBM
• Genpact Limited
• Fenergo
• Compliance AI
• BAE Systems
• Temenos AG
• Pegasystems Inc
• ComplyAdvantage
• NICE Actimize
• DataVisor Inc
• Featurespace Limited
• ThetaRay
• Ayasdi AI LLC
• Feeszai Inc
• Jumio Inc
• Tookitaki Holding Pte. Ltd

Report Consultant announced latest research on growth factors and development of Global AI-Based Anti-Money Laundering (AML) Solutions Market. A detailed study accumulated to offer latest insights about acute features of the AI-Based Anti-Money Laundering (AML) Solutions market.

The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

By End User
• Banks
• Insurance Companies
• Asset Management
• Money Service Businesses
• Securities
• Other FSIs

By Use
• Transaction Monitoring
• KYC (Know Your Customer)
• Fraud, Risk & Compliance
• Trade AML
• Capital Markets AML
• Correspondent Banking AML
• Fraud
• Credit Risk
• Crime Pattern Detection
• Risk Scoring Customers and Accounts
• Watch-List Screening
• Alert Management and Reporting
• Other Solutions

The research report of the AI-Based Anti-Money Laundering (AML) Solutions market offers broad analysis about the industry on the basis of different key segments. Moreover, the research report presents a comprehensive analysis about the opportunities, new products, and technological innovations in the market for the players.

Enquiry Before Buying @ https://www.reportconsultant.com/enquiry_before_buying.php?id=91050

This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Global AI-Based Anti-Money Laundering (AML) Solutions Market. The market opposition is frequently developing greater with the rise in scientific innovation and M&A activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.

Detailed TOC of AI-Based Anti-Money Laundering (AML) Solutions Market Research Report-
– AI-Based Anti-Money Laundering (AML) Solutions Introduction and Market Overview
– AI-Based Anti-Money Laundering (AML) Solutions Market, by Application
– AI-Based Anti-Money Laundering (AML) Solutions Industry Chain Analysis
– AI-Based Anti-Money Laundering (AML) Solutions Market, by Type
– Industry Manufacture, Consumption, Export, Import by Regions
– Industry Value ($) by Region
– AI-Based Anti-Money Laundering (AML) Solutions Market Status and SWOT Analysis by Regions
– Major Region of AI-Based Anti-Money Laundering (AML) Solutions Market
i) Global AI-Based Anti-Money Laundering (AML) Solutions Sales
ii) Global AI-Based Anti-Money Laundering (AML) Solutions Revenue & market share
– Major Companies List
– Conclusion

Rebecca Parker
(Report Consultant)
Contact No: +81-368444299
sales@reportconsultant.com
www.reportconsultant.com

About Us:
Report Consultant - A worldwide pacesetter in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly by taking calculative risks leading to lucrative business in the ever-changing market. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies.
Our research reports will give you the most realistic and incomparable experience of revolutionary market solutions. We have effectively steered business all over the world through our market research reports with our predictive nature and are exceptionally positioned to lead digital transformations. Thus, we craft greater value for clients by presenting progressive opportunities in the global futuristic market.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release AI-Based Anti-Money Laundering (AML) Solutions Market Astonishing Growth by 2028 with ACI Worldwide, FICO, SAS Institute Inc, Brighterion, IBM, Genpact Limited, Fenergo, Compliance AI, BAE Systems, Pegasystems, ComplyAdvantage here

News-ID: 2394346 • Views: 400

More Releases from Report Consultant

Quantum Cryptography in Banking Market 2021-28 Need of Advancement in Banking wi …
Quantum cryptography is a technology that uses quantum physics to secure the distribution of symmetric encryption keys. According to experts in the field, quantum computers would be able to perform some simulations to forecast future markets, predict the price of options, or assess risk and uncertainty in financial models. IDQ provides QRNGs in various form factors and performances to respond to most use cases encountered in financial applications such as
US Beer Market Shooting Revenue in Upcoming Future| Anheuser-Busch InBev, Molson …
US Beer Market is booming at CAGR +4% by the end of 2028. In 2019-20, Anheuser-Busch InBev was the largest beer company in the world, with sales amounting to approximately 54.6 billion U.S. dollars. Budweiser is an American-style pale lager produced by Anheuser-Busch, has become one of the largest-selling beers in the United States. Bud Light is the most popular beer in the U.S., followed by Coors Light and Miller Lite. Budweiser
Europe LNG Shipping Market Expanding Revenues by 2021-2028| Royal Dutch Shell pl …
Steam turbines are exclusively the primary moving source for LNG ships, even though 2-stroke diesel engines are more efficient. This is because the boil-off gas from LNG needs to be utilized. There are 25 large-scale LNG import terminals in the EU with total regasification capacity of 158.3 mtpa (215.1 bcma),5 enabling LNG to meet approx. 45% of EU gas demand. The world’s largest exporter of liquefied natural gas (LNG) is Qatar,
Behavioural Biometrics Market Exponential Hits $9 Bn by 2021-28 with BioCatch, N …
Behavioural Biometrics Market is projected at USD 9 Billion at a CAGR +20% by the time frame of 2021-28. Behavioral biometrics analyzes a user's digital physical and cognitive behavior and is most commonly used today as a fraud prevention solution. Because each person's interactions with a device are unique, behavioral biometrics can differentiate between the activities of a genuine user and the activities of an imposter. Behavioral biometric verification methods include keystroke

All 5 Releases


More Releases for AML

ALSEGO’s New Automated AML Reporting Solution for Luxembourgish Banks
ALSEGO has launched a new automated AML Reporting solution aimed specifically at financial institutions in Luxembourg concerned with the Central Electronic Data Retrieval System (CEDRS) as stipulated in the CSSF circular 20/747. The solution is fully automated, however, if you wish to forgo a direct connection between the solution and your core-banking system, the solution functions with TSV/CSV files as well. The automatic functionalities of the solution are its key strengths.
Global AML Software Market Size, Status and Forecast
AML software is software used in the finance and legal industries to meet the legal requirements for financial institutions and other regulated entities to prevent or report money laundering activities. Europe to be the largest market for AML software during the forecast period. Though the Europe accounts for the largest market share, the APAC region is envisaged to witness the fastest growth during the predicted period. United States will still
Global AML Software Market Size, Status, Trends, Growth, Size, Segmentation, Sha …
The market for AML Software Market is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled “Global AML Software Market Size, Status and Forecast 2018-2025” which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions.
Global Anti-money Laundering Software Market 2015 | Major Key Players : ACI Worl …
Description : Technavio’s market research analyst predicts the global anti-money laundering (AML) software market to grow steadily at a CAGR of around 11% during the forecast period. AML software allows financial institutions and other enterprises to detect suspicious transactions and analyze customer data. Its ability to provide real-time alerts and tools to report suspicious events to maximize security and operational efficiency will foster its adoption during the forecast period. An important growth
Anti-money Laundering Software Global Market 2018: Key Players – ACI Worldwide …
Anti-money Laundering Software Industry Description Wiseguyreports.Com Adds “Anti-money Laundering Software -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database This report studies Anti-money Laundering Software in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering ACI Worldwide AML360 AML Partners AML RightSource BAE EastNets Experian
Acute Myeloid Leukemia (AML) Therapeutics Market to Develop Rapidly by 2025
Leukemia are a heterogeneous group of cancers affecting the bone marrow and White Blood Cells (WBC). Leukemia is characterized by the rapid increase of abnormal blood cells growth or blasts, resulting in a decrease in the numbers of healthy, normal fully modified blood cells, leading to the typical symptoms of bleeding, anemia, and high risk of infection. Leukemia can grow along either the myeloid or lymphoid stem cell lines, it