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Anti-Money Laundering (AML) solutions consist of various policies, laws, and regulations that helps in preventing financial crimes. These guidelines, policies, laws among others are set by Global and local regulators which are present around the world which aims to strengthen the functioning of AML solutions. Anti-Money Laundering (AML) solutions are used to detect and warn the institutions regarding money laundering, terrorist financing, fraud detection, electronic crime, bribery and corruption, tax evasion, embezzlement, information security , illegal cross border transactions among others hugely impacting the economy of the country and hampering its reputation. AML is term which is generally used to depict the fight against Money laundering & financial crimes.
Key Growth Drivers:
Some of the factors which are driving the market are rise in money laundering case across the globe and increasing focus of financial institutions on digital payment related issues. Never ending growth of financial crimes using advanced technology can be a restraining factor. Growing demand for AML solutions in banks and financial institutions is among some of the factors which can be opportunity for the market. Insufficiency of advanced information technology systems to implement AML solutions can be a major challenge for the market growth in these regions.
This anti-money laundering market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The report outlines the involvement of key players, including:
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 among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Middle East & Africa anti-money laundering market.
Key Market Segmentation
Middle East & Africa Anti-Money Laundering Market, By Offering (Solution, Services), Function (Compliance Management, Currency Transaction Reporting, Customer Identity Management, Transaction Monitoring), Deployment (Cloud, On-Premise), Enterprises Size (Small & Medium Enterprise, Large Enterprise), End Use (Banks & Financial Institutions, Insurance Providers, Gaming & Gambling, Government, Others), Country (Saudi Arabia, U.A.E., Israel, South Africa, Egypt, Rest of Middle East and Africa).
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