AML Transaction Monitoring Solutions, 2024: Market Update
Macro and microeconomic factors, as well as advances in technology, are driving a surge in demand for compliance solutions among financial institutions and corporations. Meanwhile, the market for these solutions is broadening as less-regulated industries begin to prioritize robust anti-money laundering (AML) transaction monitoring systems. Buy-side firms – particularly in the investment banking and capital markets sectors – have become buyers of extensive transaction monitoring capabilities.
In addition, financial crime compliance and mitigation is no longer solely a compliance obligation; it’s evolving into a strategic operational imperative. Banks and financial institutions are increasingly recognizing that the risks associated with financial crime extend far beyond regulatory non-compliance.
This report accompanies our analysis of the AML transaction monitoring vendor landscape, which can be found in AML Transaction Monitoring Solutions, 2024: Quadrant Update (in collaboration with 1LoD).
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