Anti-Money Laundering Software Market has shown an exceptional penetration in countries such as Germany, U.K, France and Italy. Although rise of growth in its spending is one of the concern about anti-money laundering software across the globe but still anti-money laundering software have not created any head turning penetration in developing countries.
According to Data Bridge Market Research the market for anti-money laundering software in Europe region has the highest market share. The market leader NICE LTD accounts an estimated market share of approximately 23.5% of market share in the Europe. The sales revenue of NICE LTD has increased due to prevention of fraud and money laundering and adherence to compliance are regularly challenged by financial institutions. They have a common need for solutions to risk management that will help them stay ahead of the evolving threat landscape and adapt effectively to changes in business and regulatory requirements. This will help to grow the market share of NICE LTD in the Europe anti-money laundering software market.
In September 2019, Zenus Bank selected NICE Ltd, to create a cloud-based financial crime strategy for both compliance with money laundering and prevention of corporate fraud with AML and Fraud SaaS Essentials solutions. This recognition will help company in creating goodwill throughout the world.
Trends Impacting the Market
Now the question is which other regions NICE LTD, ACI WORLDWIDE, INC., FAIR ISAAC CORPORATION are targeting? Data Bridge Market Research has forecasted a large growth in Europe anti-money laundering software and the market leaders targeting Germany and U.K. to be their next revenue pockets for 2020.
The anti-money laundering software is becoming more competitive every year with companies like ACI WORLDWIDE, INC. and Nice LTD are the market leaders for anti-money laundering software. The Data bridge market research new reports highlight the major growth factors and opportunities in the electric vehicle market.
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Reed Business Information Limited, launched AI-powered financial crime compliance, for detecting and prioritising high risks individuals in April 2019.
Jumio and Comply Advantage launched anti-money laundering service though a platform, called as Jumio Screening in March 2019.
The Europe anti-money laundering software market is segmented on the basis of countries into Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Israel, Switzerland, Rest of Europe.
All country based analysis of the anti-money laundering software is further analyzed. On the basis of solutions; the market is segmented into software, services. Based on product type, the market is transaction monitoring software, currency transaction reporting software (CTR), customer identity management software (CIM), compliance management software, others. On the basis of deployment model, the market is segmented into on-premises, cloud. On the basis of organization size, the market is segmented into small and medium organization, large organization. On the basis of application, the market is segmented into spend analytics, contract management, vendor management, others.
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Key Pointers Covered in the Anti-money laundering software market Industry Trends and Forecast to 2027
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of anti-money laundering software market Company’s contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-anti-money-laundering-software-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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