Adroit Market Research +1 (214) Single Use License: US$ 4800 Request Sample Global Anti-Money Laundering Software Market Size By Deployment Type (On-Premise and Cloud), By Product Type (Transaction Monitoring Systems, Currency Transaction Monitoring, Customer Identity Management, Compliance Management and Others), By Application, Financial institution (Tier -1 Commercial Banking, Tier -2 Credit & Finance institution, Tier -3 Micro Finance Institution and Tier -4 Loan Lending institution), By Region (North and Central America, Europe, Asia Pacific, South America and MEA)

Adroit Market Research +1 (214) Anti-Money Laundering Software Market Size and Forecast Global anti-money laundering software market size is projected to cross USD 2 billion. Increased frauds in Fintech services & digital transactions and increased spending on IT solutions by financial institutions is expected to drive the growth of global anti-money laundering software market. The study includes global anti-money laundering software market size till 2025 along with company summaries which include company overview, product offering, and recent developments and financial overview. Additionally, strict rules and regulations by Financial Action Task Force (FATF), International monetary funds, Bank Secrecy Act in the U.S. to increase the adoption of anti-money laundering software driving the AML software market growth. On-premise is projected to be a preferred deployment type over cloud during the forecast period. Concerns over security and data theft for cloud deployment is the reason for slower adoption. Transaction monitoring software will continue its dominance with a share of around 50% during the forecast period. International banking systems are facing increased money laundering threats and hence major commercial banks worldwide are updating their transaction monitoring systems, which shall assist them in suspicious transaction monitoring on a real-time basis. Browse the complete report reports/anti-money-laundering-software-markethttps://adroitmarketresearch.com/industry- reports/anti-money-laundering-software-market

Adroit Market Research +1 (214) Anti-Money Laundering Software Market Size and Forecast Technological developments such as machine learning which is capable of constructing algorithms that shall help in the predictive analysis are expected to revolutionize the anti-money laundering software. According to the United Nations Office on Drug and Crime, money laundering worldwide is estimated to be 2% of the global GDP. To counter these money laundering cases which are financing to terror activities and drug trafficking government have implemented various acts and rules in many regions for the financial institution. In North and Central America, USA Patriot Act and Bank Secrecy Act in the U.S., Proceeds of Crime (Money Laundering) in Canada and Federal Law for the Prevention and Identification of Operations in Mexico are the reason major financial institutions in the region have widely adopted to anti-money laundering software. Thus, North and Central America had the largest market in 2017 and is projected to grow at a CAGR of 8.46% during the estimated period in global anti-money laundering software market. The key players associated in the global anti-money laundering software market are Oracle Corporation, Fiserv, Inc., Accenture Inc., SAS Institute Inc., Thomson Reuters Corporation, SunGard, FICO TONBELLER, Ascent Technology Consulting, EastNets and others. Thus, major financial institutions are implementing and updating their transaction monitoring software, which is driving the growth of the global anti-money laundering software market.

Adroit Market Research +1 (214) Key segments of the global Anti-Money Laundering Software market Deployment Overview, (USD million) On premise Cloud Product Overview, (USD million) Transaction Monitoring Software Currency Transaction Monitoring Customer Identity Management Compliance Management Others Application Overview, (USD million) Tier-1 Commercial banks Tier 3 Micro finance Institutions Tier-4 Loan lending institutions Purchase a single user copy of the global Anti-Money Laundering Software market

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