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Challenge 2025 | World Council of Credit Unions

The world has witnessed the steady progress of digitization starting back in the 1990s. Technologies like MICR, ATM, credit and debit cards were followed later by digital wallets, prepaid cards and recharge vouchers. The progression of these new technologies and innovations supported the growth of the payments industry. With the rise of fintechs, we have seen even more innovative solutions and methods to transact digitally through initiatives like UPI a first of its kind platform. UPI, which stands for Unified Payments Interface, is a creation of the National Payment Corporation of India (NPCI), a Reserve Bank of India initiative. UPI allows for the transfer of money from one bank account to another instantly via an app on one s mobile device, 24 hours a day, seven days a week. Banks must be “UPI-enabled” for their customers to access the service through their own individual UPI IDs. It also allows UPI-member financial institutions to be a part of the NPCI and be integrated into

Global Anti-Money Laundering Solutions Market Report 2021 – ResearchAndMarkets.com

ResearchAndMarkets.com’s offering. Global Anti-Money Laundering Solutions Market to Reach $5.5 Billion by 2027 Amid the COVID-19 crisis, the global market for Anti-Money Laundering Solutions estimated at US$ 2.1 Billion in the year 2020, is projected to reach a revised size of US$ 5.5 Billion by 2027, growing at a CAGR of 14.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 14% CAGR and reach US$ 3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 15% CAGR for the next 7-year period.

Global Anti-Money Laundering Solutions Market Report 2021 - ResearchAndMarkets.com

Press release content from Business Wire. The AP news staff was not involved in its creation. Global Anti-Money Laundering Solutions Market Report 2021 - ResearchAndMarkets.com March 10, 2021 GMT DUBLIN (BUSINESS WIRE) Mar 10, 2021 Global Anti-Money Laundering Solutions Market to Reach $5.5 Billion by 2027 Amid the COVID-19 crisis, the global market for Anti-Money Laundering Solutions estimated at US$ 2.1 Billion in the year 2020, is projected to reach a revised size of US$ 5.5 Billion by 2027, growing at a CAGR of 14.4% over the period 2020-2027. ADVERTISEMENT Solutions, one of the segments analyzed in the report, is projected to record 14% CAGR and reach US$ 3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 15% CAGR for the next 7-year period.

Anti-money Laundering Market Growing at a CAGR 15.6% | Key Player BAE Systems, Nice Actimize, Fico, SAS Institute, Oracle

Share: “ACI Worldwide (US), BAE Systems (UK), NICE Actimize (US), FICO (US), SAS Institute (US), Oracle (US), Experian (US), LexisNexis Risk Solutions (US), Fiserv (US), FIS (US), Dixtior (Portugal), TransUnion (US), Wolters Kluwer (Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), WorkFusion (US), Napier (US), Quantaverse (UK),” Anti-money Laundering Market by Component, Solution (KYC/CDD and Watchlist, Transaction Screening and Monitoring), Deployment Mode, End User (Banking and Financials, Gaming/Gambling Organizations), and Region – Global Forecast to 2025 The global Anti-Money Laundering solutions market size is projected to grow from USD 2.2 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. The major factors driving the market include non-compliance with stringent regulationd and guidelines, focus of financial institutes on digital payments issues, and need to get holistic vi

Top Key Players of Anti-Money Laundering (AML) Compliance Solutions Market with Market Size and Revenue: FICO, NICE, BAE Systems, SAS Institute, Experian, LexisNexis, FIS Global, CaseWare, WorkFusion, Fiserv, ACI Worldwide, TransUnion, Oracle, Finacus Solutions – KSU