What is Anti-money Laundering (AML) Software?

AML software is a tool used by financial institutions and other regulated entities to detect and prevent money laundering activities. It helps in identifying suspicious transactions, monitoring customer behavior, and ensuring compliance with regulatory requirements.

How big is Anti-money Laundering Software Market?

The global Anti-money Laundering Software Market has achieved substantial growth, reaching a size of USD 2.6 Billion in 2023 . Looking ahead, industry experts anticipate even greater expansion, with the market projected to reach USD 10.3 Billion by 2033 .

Who are the key players in Anti-money Laundering Software Market?

SAS Institute Inc., Oracle Corporation, NICE Actimize, BAE Systems plc, Thomson Reuters Corporation, Tata Consultancy Services Limited, ACI Worldwide, Fiserv Inc., FICO, Temenos AG, LexisNexis Risk Solutions, Other Key Players are the top key players in Anti-money Laundering Software Market.

Which is the fastest growing region in Anti-money Laundering Software Market?

In 2023, North America held a dominant market position in the Anti-money laundering (AML) software market, capturing more than a 38.4% share.

What are the challenges in implementing AML Software?

Challenges in implementing AML software include the complexity of regulatory requirements, the need for continuous monitoring and updating of the software, and the cost of implementation and maintenance.

Global Anti-Money Laundering Market By Component (Software, Services), By Product Type (Compliance Management, Currency Transaction Reporting, Customer Identity Management, and Transaction Monitoring), By Deployment (Cloud and On-premise), By End-Use (BFSI, Government, Healthcare, IT & Telecom, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: Feb. 2024
Report ID: 22939
Number of Pages: 260
Format:

- SAS Institute Inc.
- Oracle Corporation
- NICE Actimize
- BAE Systems Plc Company Profile
- Thomson Reuters Corporation
- Tata Consultancy Services Limited
- ACI Worldwide
- Fiserv Incorporation Company Profile
- FICO
- Temenos AG
- LexisNexis Risk Solutions
- Other Key Players