Financial Institutions are seeing increased scrutiny by regulators to comply with AML rules and prevent financial crime. This Market Map highlights the leading tech companies helping banks, investment firms and other financial services organizations meet AML obligations.
Financial Institutions are actively partnering with tech solutions to bolster their AML capabilities to combat illicit financial activities. Banks recognise the pivotal role technology plays in the path to compliance. 59% of Financial Institutions are preparing for an increase in financial crime during 2024, according to a survey conducted by Comply Advantage.
As a result, the number of tech companies addressing challenges or opportunities faced by financial services organisations in the areas of Risk Management, Fraud Prevention, Onboarding or Anti Money Laundering has continued to grow. The FinCrime Tech Map below highlights the tech companies offering solutions in sectors such as Terrorist Financing, Transaction Monitoring, Sanctions Screening, Onboarding and PEP.
We are constantly looking to grow the map and capture the latest innovations in the market. If you think your company should be featured submit your details here.
Interested in getting a more prominent exposure among potential clients and partners visiting the Map? Get in touch at info@fintech.global.
