Pune, India -- (SBWIRE) -- 01/20/2019 -- Part 1: Anti-money laundering (AML) software Market

Anti-money laundering (AML) software is used to control fraud issues related to financial transactions and money laundering. The factors that drive the anti-money laundering software market (AML) are the high adoption of AML software in private banks, equity firms and other finance-based companies to address money-related problems. , such as money laundering and illegal financial transactions that further increase the fight against money. money laundering software market (AML)

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+12% CAGR between 2017 and 2026. The global market for anti-money laundering software is also likely to reach US$ 4,262.0 million revenue towards 2026 end. Anti-money laundering (AML) software is used by legal and financial institutions as part of the effort to combat financial crime, specifically, to detect, identify and report money laundering activities. The use of AML software should be part .

Major key players are covered in this report:
ACI Worldwide, Inc., SAS Institute Inc., Oracle Corporation, BAE Systems, Accenture Inc., Verafin Inc., Safe Banking Systems LLC, Eastnets Holding Ltd., Ascent Technology Consulting, and OpenText Corporation among others.

However, the cost associated with the acquisition of the software is higher in the current market, which poses a limitation in the adoption of the technology. In addition, due to technological complications, end users face certain challenges during the interpretation of the data that acts as a restriction factor in the growth of the anti-money laundering software market (AML). Despite the restriction factors, the constant technological update in the anti-money laundering software market is increasing the interest of the software among end users, which is expected to be an important opportunity for market participants.

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The total size of the anti-money laundering (AML) software market has been derived using both the primary and secondary sources. In addition, primary interviews were conducted with industry participants and commentators to validate the data and analysis. Participants who typically participate in this process include industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders. They specialize in money laundering (AML) software market.

An entire industry developed around the provision of software to analyze transactions in an attempt to identify transactions or patterns of transactions, which is called structuring, which requires a SAR record or other suspicious patterns that qualify for the SAR report. Financial institutions faced fines for failing to properly present CTR and SAR reports, including heavy fines and regulatory restrictions, even to the point of revocation of the letter

Major Factors Report:
Global Anti-money laundering (AML) software Market Research Report
- Global Economic Impact on Industry
- Global Supply (Production), Consumption, Export, Import by Regions
- Global Production, Revenue (Value), Price Trend by Type
- Global Market Analysis by Application
- Manufacturing Cost Analysis
- Market Effect Factors Analysis
- Global Anti-money laundering (AML) software Market Forecast

Part 2: Banking System Software Market

The banking system software market report also takes into account the key factors responsible for driving the growth of the banking system's software industry, along with the key obstacles and challenges. In addition, the software market report of the banking system analyzes the industry from a 360 degree perspective, that is, from the supply side and the demand side, which allows users to obtain granular details of the whole market ecosystem.

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Major Key Players of the Banking System Software Market are:
SAP SE, Oracle, Infosys, FIS, Misys, Infrasoft Technologies, Capgemini, CoBIS Microfinance Software, Tata Consultancy Services, Temenos Group,

Finally, it includes a methodical description of the various factors, such as the growth of the banking system software market and detailed information on the company's revenues, growth, technological developments, production and other strategic developments.

This report recognizes that in this competitive and rapidly evolving environment, updated marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capabilities and the changing structure of the Banking System Software.

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Table of Contents

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type