TechNavio today launched its report Global Anti-money Laundering Software Market 2012-2016 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”The Global Anti-money Laundering Software market is witnessing a trend where many AML software vendors are focusing on enhancing their product features. Many vendors, which earlier offered single-purpose applications such as transaction monitoring or compliance reporting, are adding various other modules including KYC, entity resolution, case management and reporting, investigation tools, and customer due diligence checks to provide end-to-end AML compliance functionality. In addition, many vendors are developing sophisticated capabilities such as network analysis and historical profiling, and advanced analytics such as Bayesian learning and neutral networks.”
According to the report, the technological advancements in financial institutions is one of the major drivers in the Global Anti-money Laundering Software market. The replacement of outdated solutions by various financial institutions is leading to a shift from manual processing to an automated processing. The increase in the various advantages of AML software such as work flow reform, reduction in financial fraud, quicker evidence location, and convict identification, is one of the major factors driving the Global Anti-money Laundering Software market.
Further, the report states that the complexity of data interpretation is one of the major challenges in the Global Anti-money Laundering Software market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Actimize Inc., Fiserv Inc., Norkom Technologies Ltd., and SAS Institute Inc. The other vendors mentioned in the report are 3i Infotech Ltd., ACI Worldwide Inc., Oracle Corp., Tata Consultancy Services Ltd., EastNets Ltd., Infrasoft Technologies Ltd., Cellent Finance Solutions AG, Aquilan Technologies Inc., and Thomson Reuters Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For further information on this report, please visit https://www.technavio.com/content/global-anti-money-laundering-software-m…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Anti-money Laundering Software Market 2012-2016
