Global Anti-Money Laundering Market is expected to grow at a healthy CAGR of 16.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:
Anti-money laundering (AML) technology is a type of computer program used to analyse customer data and identify suspicious transactions by financial institutions. Legal and financial institutions use anti-money laundering (AML) technology as part of their efforts to fight financial crime primarily to track, classify and report money laundering activities.
The major players dealing in global electric vehicle market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in March 2017, InfrasoftTech had introduced the next generation anti-money laundering (AML) solution that allows user to cover all compliance requirements along with new features of fraud detection and prevention techniques. The upgraded solution involves all investigating and monitoring capabilities for different types of fraud scenarios that need to be faced by customers, employees or businesses. The upgradation in the existing technology will result into increased market share of the company in addition to goodwill.
Nice Ltd is the dominating player in the Europe anti-money laundering (AML) software market and accounts the highest market share in 2019, which is followed by Fenergo, Jumio, SYNECHRON, WNS (Holdings) Ltd, Wipro Limited, SWIFT, Comarch SA, InfrasoftTech, Larsen & Toubro Infotech Limited, Reed Business Information Limited (ACCUITY), Global RADAR, Fiserv, Inc, Fair Isaac Corporation, BAE Systems, AML Partners, ACI Worldwide, Inc., SAS Institute Inc among others.
NICE Ltd headquartered in Ra'anana, Israel which was founded in 1986. The company offers solution in safety and security for financial crime, business performance to increase its operational efficiency. The product categories offered by the companies are anti-money laundering (AML), fraud & authentication management, financial markets compliance, x-sight platform, investigation and case management, cloud in which market focused category is anti-money laundering.
The company has wide global presence across the globe such as U.S., Asia-Pacific, Africa, Europe. In addition to it, the company also generates its revenue from the subsidiary companies such as Syfact International B.V. (Netherlands) and Redkite Financial Markets Ltd (U.S.).
ACI Worldwide, Inc.:
ACI Worldwide, Inc. headquartered in Florida, U.S. The company offers electronic payments and securities for organizations, largest financial institutions, intermediaries and global merchants. The product categories offered by the companies are retail payments, transaction banking, merchant payments, bill payments, payments risk management, payments integration, cloud delivery in which payments risk management is the market focused category.
The company has wide global presence across the globe such as Europe, Middle East and Africa, Americas, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as ACI Worldwide (EMEA) (U.K), SpeedPay, Inc (U.S.), Official Payments Corporation (U.S.), ACI Worldwide Solutions Pvt. Ltd (U.S.), ACI Worldwide Corp (U.S.) among others.
Fair Isaac Corporation
Fair Isaac Corporation has headquartered in California, U.S. and it was founded in 1956. The company offers analytics tools and software for better customer relationships, combat fraud, optimize operations, manage risk and to meet government regulators. The product categories offered by the companies are analytics, marketing & customer, fraud and security, scores, debt management, communications, origination, compliance in which compliance is the market focused category.
The company has presence in U.S. and Canada, Latin America and the Caribbean, Europe, Middle East and Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as myFICO (U.S.), FICO TONBELLER (U.S.), QuadMetrics Inc. (U.S.), Fair Isaac International Corporation (U.S.), XOR Network Engineering(U.S.) among others.
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