prnewswireSeptember 22, 2021
Tag: AML , COVID-19 , Technavio
Anti-Money Laundering (AML) Software Market highlights COVID-19 Recovery for Application Software Industry.
ACI Worldwide Inc., AML Partners LLC, and AML360 will emerge as major anti-money laundering software market participants during 2021-2025.
As per Technavio's Research Analysis, the anti-money laundering software market is likely to register a CAGR of over 14% with an incremental growth of USD 2.09 billion during 2021-2025.
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The anti-money laundering software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
Adjust their strategic planning to move ahead once business stability kicks in.
Focusing on agile execution of proposed and approved changes.
Conceptualize scenario-based planning to mitigate future crisis situations.
Retrieve Actionable Data Points to Make Critical Business Decisions
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Emerging Opportunities with Key players
The company offers anti-money laundering software that provides UP Payments Risk Management solution and delivers enterprise fraud management capabilities, including advanced machine learning, predictive analytics, and expertly defined rules, to help card issuers, acquirers, and financial institutions identify and mitigate financial fraud and help reduce the compliance burden.
The company offers anti-money laundering software that delivers a revolutionary end-to-end and fully integrated BSA/AML ecosystem. It includes BSA/AML software solutions such as SURETY-CDD, SURETY-Behavioral Monitoring with optional 314a Module, and SURETY-Sanctions Screening.
The company offers various antimoney laundering solutions such as risk assessment, Transaction Monitoring, and others.
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https://www.technavio.com/report/anti-money-laundering-software-market-industry-analysis
Anti-money laundering software market is segmented as below:
Deployment
On-premise
Cloud-based
Geography
North America
Europe
APAC
MEA
South America
The anti-money laundering software market is driven by the increased need for suspicious activity reporting. In addition, the integration of AML software with visualization tools is expected to trigger the anti-money laundering software market toward witnessing a CAGR of over 14% during the forecast period.
Get Actionable Insights on each Contributing Segments. Download Free Sample Report: https://www.technavio.com/talk-to-us?report=IRTNTR41428
Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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