The anti-money laundering software solutions market is expanding globally because it enables financial institutions, banks, and other businesses to track suspicious transactions and evaluate consumer information. AML software solutions are available in a number of categories, including compliance software, customer identification management, and currency transaction reports.

Anti-money laundering offers tools to report suspicious behaviour in real-time as well as real-time notifications to improve security and operational performance. AML also gives firms access to a fully integrated data model, data warehouse, and data standardisation that covers every aspect of trade and account activity.

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Anti-Money Laundering (AML) Software Solution Market: Drivers and Challenges

The market for anti-money laundering (AML) software solutions is primarily driven by increased laws, regulatory enforcement measures, and next-generation technologies that encompass anti-money laundering and fraud management across the organisation.

Also, it has become necessary for financial organisations to recognise the relevance of compliance and to invest in anti-money laundering technologies in order to reduce risk factors in company operations.

Governments are pushing firms to employ anti-money laundering software in order to stop unlawful financing operations.

Anti-Money Laundering (AML) Software Solution Market: key players

Some of the top companies in the speech anti-money laundering software solution market include 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, and FIS.

Anti-Money laundering Software Solution Market Segments

  • Anti-Money laundering Software Solution Market Dynamics
  • Historical Actual Market Size, 2013 - 2015
  • Anti-Money laundering Software Solution Market Size & Forecast 2017 to 2027
  • Value Chain
  • Anti-Money laundering Software Solution Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Anti-Money laundering Software Solution Market Drivers and Restraints

Anti-Money Laundering (AML) Software Solution Market: 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