The global financial crimes software market is anticipated to grow at a considerable CAGR of 9.5% during the forecast period (2021-2027). The implementation of RPA tools in financial crimes and fraud management solutions, stakeholders are also increasing their focus on ensuring regulatory and internal compliance. Adopting RPA in financial institutions provides various benefits including operational efficiency, improve flexibility, and enhance the overall performance or backend process. Such advantages have propelled the adoption of RPA tools for managing financial crimes across the globe. For instance, in September 2019, Oracle showcased new range of RPA ns AI based financial crimes software in Las Vegas. The company developed new financial crime prevention with innovations in its financial crime, compliance management and anti-money laundering portfolio. New products and solutions developed leverages ML for analytical capabilities, RPA for workflows, and graphic analytics for the visualization of networks.
Browse the full report description of "Global Financial Crimes Software Market Size, Share & Trends Analysis Report by Product (Cloud Based and On-Premises), and by Applications (Transaction Monitoring & Reporting, Customer Identity Management, and Other), and by End-User (BFSI, Aerospace & Defense, Healthcare, IT & Telecom, and Other) Forecast Period (2021-2027)" at https://www.omrglobal.com/industry-reports/financial-crimes-software-market
Additionally, in September 2019, Amberoon launched Lucre AML App on Finastra’s FusionFabric.cloud. The Application delivers modernized AML technology to enable banks in ensuring core principles of safety and soundness. These offerings are setting a new industry standard and turning compliance into a competitive advantage for banks by enabling them to meet evolving regulations and detect suspicious financial activities.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Applications
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including ACI Worldwide, Capgemini Services SAS, Dell Technologies, Inc., IBM Corp., Oracle, LexisNexis, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Financial Crimes Software Market Report Segment
By Product
• Cloud Based
• On-Premises
By Applications
• Transaction Monitoring & Reporting
• Customer Identity Management
• Others (Compliance and Currency Management)
By End-User
• BFSI
• Aerospace & Defense
• Healthcare
• IT & Telecom
• Others (Retail, Securities, and Financial Institutions)
Global Financial Crimes Software Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa