FIS, Fiserv, Inc., and Experian Information Solutions, Inc., are Dominating the Global Anti-Money Laundering Market in 2020

Global Anti-Money Laundering Market is expected to grow with the CAGR of 14.3 % in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global anti-money laundering market is a fragmented, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global anti-money laundering market are introducing strong range of hardware and software portfolio. This helped companies to maximize the sales with enhanced service portfolio.

For instance,

  • In July 2020, Experian Information Solutions, Inc. entered into a partnership with Global Data Consortium. The key feature of this partnership was to strengthen the customer identity verification by strengthening requirements such as anti-fraud measures, Know Your Customer (KYC) and Anti Money Laundering (AML). Both the companies benefited from this partnership as it helped to create a seamless on boarding process and made authenticating a person's identity process easy for many businesses.

FIS is the dominating player in global anti-money laundering market. The other key players existing in the market includes Cognizant, Accenture, Oracle, Temenos Headquarters SA, IBM Corporation, Experian Information Solutions, Inc., SAS Institute Inc., Microsoft, NICE Ltd, Tata Consultancy Services Limited, Open Text Corporation, BAE Systems, ACI Worldwide, Fiserv, Inc., Trulioo, DIXTIOR, WorkFusion, Inc., FIS, Intel Corporation, SAP SE and among others.

Anti-Money Laundering MarketFIS

FIS is headquartered in Florida, U.S. which was established in 1968. The company is engaged in designing financial solutions and services to the customers. The product categories of the company include digital channel & core, commercial, and treasury, fraud risk & compliance, wealth and retirement and payments, commercial and treasury, fraud, risk & compliance is market focused category.

  • In June 2021, FIS Launched Series of AI-based Solutions with C3 AI for Financial Services Industry. The solution uses artificial intelligence technology to aggregate and analyse client data across financial crime detection systems such as know your customer (KYC) and anti-money laundering (AML). This is a unique solution offered by the company to strengthen the financial services industry portfolio.

The company has presence in North America, Europe, Asia-Pacific, South America, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as EFD, (U.S.), ChexSystems, (U.S.), Worldpay, Inc., (U.S.), Virtus Partners LLC, (U.S.), Paymetric, Inc., (U.S.), and among others.

FISERV, INC.,

Fiserv, Inc., is headquartered in Wisconsin, U.S. which was established in 1985. The company is engaged in providing various different types of financial technology and financial services to the customers. The solution categories of the company include payments, processing services, customer & channel management, risk & compliance, insights & optimization out of which payments, processing services, risk & compliance is market focused category

  • In January 2020, Fiserv, Inc. was given the responsibility for providing AML tech solutions for DoIEX. The key feature of this contract was to offers wire transfers, consumer loan origination, walk-up bill payment, check cashing and prepaid cards as DoIEX provides essential financial services for consumer. This contract further helped Fiserv, Inc. to solidify its presence in AML market.

The company has presence in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as First Data (U.S.), Clover Network, (U.S.), Bill Matrix Corporation (U.S.), and among others.

EXPERIAN INFORMATION SOLUTIONS INC.

Experian Information solutions, Inc., is headquartered in California, U.S. which was established in 1992. The company is engaged in providing data, analytical tools and AML solutions for the customers. The solution categories of the company include solutions, industries, insights, specialized service and solutions and specialized services is market focused category

  • In July 2020, Experian Information Solutions, Inc. entered into a partnership with Global Data Consortium. The key feature of this partnership was to strengthen the customer identity verification by strengthening requirements such as anti-fraud measures, Know Your Customer (KYC) and Anti Money Laundering (AML). Both the companies benefited from this partnership as it helped to Create a seamless on boarding process and made authenticating a person's identity process easy for many businesses.

The company has presence in North America, Europe, Asia-Pacific, South America, Middle East and Africa.