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Anti-Money Laundering Software
Market, Supplier, Risk and
Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Abi will answer all Anti-Money Laundering Software related
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Get up-to-date market and supplier info on Anti-Money Laundering Software to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  1. Key Market Trends
  2. Cost Structure Analysis
  3. Industry Best Practices
  4. Sourcing Options

Production Size

Market Size (2020 E)

$1.03 billion

CAGR

13.6 percent

Table of Contents

  1. Executive Summary
  2. Executive Summary
  3. Impact of COVID-19 on Credit Bureaus
  1. Market Analysis
  2. Market Overview
  3. Sanctions Screening Framework
  4. Key Market Trends
  5. Key Regulatory Trends
  6. Porters Five Forces Analysis
  1. Cost Structure Analysis
  2. Cost Drivers & Price Benchmarking
  1. Industry Best Practices
  2. Sourcing Options
  3. Pricing Models, Licensing and Implementation models
  4. Supplier Selection Criteria
  5. Cost Reduction Opportunities

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Anti-money laundering software Global Market Outlook:

Market Size (2020 E): $1.03 billion

Annual Growth Rate (Between 2020–2025): 13.6 percent

Anti-money Laundering Software Market: Regional Analysis

At present, North America holds the major chunk of the global anti-money laundering market revenue, primarily attributed to the strong foothold of leading companies in the developed region. The presence of a large number of banks and other financial institutions will also drive the employment of anti-money laundering software in the region in the immediate future. Market vendors are focusing on inorganic strategies to implement artificial intelligence (AI) to strengthen their regional footprint.

Constant improvements in the regulatory framework controlling the BFSI industry in Europe will drive the regional anti-money laundering software market. Simultaneously, a sharp rise in financial frauds and money laundering activities is further pushing the need for anti-money laundering software in Europe.

COVID-19 Impact on Anti-money Laundering Software Market 

While several industries have been severely affected due to the COVID-19 crisis and subsequent stressors, the pandemic has been a blessing in disguise for the global anti-money laundering software market. This is owing to a sharp increase in online sales in tandem with the rising usage of digital payment channels. 

The upsurge in non-cash payments through prepaid cards, internet payments, and mobile payments has opened new windows for money laundering over the recent past. The speed at which digital transactions are executed, along with minimum in-person interaction between the customer and the service provider, has increased the susceptibility of these innovative payment techniques to money laundering activities.

This has influenced financial institutions to stringently track every transaction to deal with money laundering and prevent the penalties framed by regulatory authorities.

Anti-money Laundering Software Market

Porter's Analysis on Anti-money laundering software

Supplier Power

  • Market is quite fragmented with number of regional and global players
  • Large global players dominate the market, due to compliance issues and regulatory requirements

Barriers to New Entrants

  • Industry is marked with a number of new entrants, due to increasing demand and low cost needed to develop software

  • Technology innovations is paving way for new entrants, who position themselves as low-cost alternatives to traditional players

  • Increasing compliance requirements and a complex regulatory environment means that the need for established industry experience and trust is a significant barrier for new entrants vying for market share

Intensity of Rivalry

  • Significant amount of service differentiation between players has led to intense competition among global leaders

  • Competition results in better quality, cheaper and increased consumer credit coverage in database

Threat of Substitutes

  • New entrants, such as commercial workflow and advanced analytics vendors, pose a threat, to traditional players such as packaged solution vendors

  • The industry continues to evolve strongly with changing regulations, and new players are unlikely to challenge incumbents in their core area of case management

Buyer Power

  • Buyers have limited choice and corporates face a steep increase in prices for memberships

  • Buyers have limited negotiation power at the local and global levels owing to a less fragmented supply market, high reliance on credit information, and regulatory pressure/compliance needs

Why You Should Buy This Report

  • Accurate projection of the anti-money laundering software market size and its contribution to the parent industry.

  • Detailed insights into factors that will favor the growth of the global anti-money laundering software market over the coming five years.

  • Precise estimations on upcoming changes and trends in consumer patterns to help market players strategize and utilize all the potential growth prospects.

  • Industry footprint of the anti-money laundering software across Europe, North America, APAC, Latin America, and MEA.

  • Deeper dive into the factors that will pose challenges for the market vendors.

  • A comprehensive assessment of the market’s competitive scenario and in-depth information on anti-money laundering software vendors to help customers enhance their competitiveness.

FAQs

  • What are the factors driving the anti-money laundering software market?
    Factors such as the increasing demand for know-your-customer (KYC) analytics, the integration of anti-money laundering software into visualization solutions, and the fusion of anti-fraud and AML solutions are favoring the market growth. Furthermore, significant investments in the information technology (IT) sector across the globe will create several growth opportunities for vendors.

  • How big is the anti-money laundering software market?
    The global market value of anti-money laundering software reached around $1 Bn in 2020. As per the industry analysis report, the market revenue is projected to grow at a CAGR of 13.6% during 2020-2025.

  • How competitive is the anti-money laundering software market?
    The anti-money laundering software market is highly fragmented with the presence of various established players and new entrants. Tech innovations and large-scale service differentiation is resulting in high market competitiveness.

  • Which region will offer lucrative business opportunities over the forecast period?
    North America and Europe continue to hold a significant revenue share of the global anti-money laundering software market, given the strong presence of established players and continuous changes in the regulatory norms controlling the BFSI industry.

 

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