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AML Software Market Forecast ('23-'27)

Published Date:

This week’s OSIN report highlights the market for anti-money laundering #software which is predicted to expand between 2023 and 2027 as a result of increased regulatory demands, complex financial transactions, and mounting concerns regarding #moneylaundering. Significant growth is expected in regions such as #northamerica due to financial regulatory requirements and #APAC is estimated to have the maximum share of growth during this period. The main propellers of growth in this industry are due to advancements in features, including automated investigation that enables effective #riskmanagement, Suspicious activity detection, watchlist filtering, alert investigation, case management, and regulatory reporting. Despite its promising prospects, the industry is hampered by challenges such as high implementation costs, insufficient awareness, and a lack of skilled personnel.