Published on : Aug 29, 2019
Albany, New York, August 29, 2019: Financial service sector is plagued with soaring criminal sophistication as preventing and detecting financial crime becomes an enormous challenge, having toll on money, goodwill, culture and regulatory censure. The new technologies embraced by financial institutions have made them vulnerable to risks such as card skimming, identity theft, phishing and vishing. As such, cyber-related incidents exhibit a sordid picture and pose threat to the economic stability of financial institutions.
Preeminent players vying to provide solutions are buoyed by call from regulators, customers, shareholders and society for boards of directors and business leaders to enterprisingly look for effective strategies to keep their organizations safe from financial crime. The market value of financial crime and fraud management solutions is set to witness a 400 million dollar rise from 2019 and will likely be pegged at ~US$ 1.5billion by 2027-end.
These insights are according to the intelligence report, titled, “Financial Crime and Fraud Management Solutions Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027,” which has been of late added to Market Research Hub’s (MRH) exponential repository.
By virtue of the size, the organizational complexity of global corporation proliferates the threat of financial crime and fraud. Companies are not well versed in collecting, sharing, monitoring, and assessing the data that provide the impending sign of issues. Nevertheless, demand for financial crime and fraud management solutions has soared unprecedentedly over the years.
Buoyed by service providers who vie to provide expert solutions such as anti-money laundering (AML) and sanctions; e-crime prevention, anti-bribery and corruption, North America is set to reign supreme in the landscape. Further, financial crime and fraud management solutions providers will potentially vie Asia Pacific as a happy hunting ground against the backdrop of surge in financial crime in the region.
Financial Crime and Fraud Management Solutions Market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the financial crime and fraud management solutions market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the financial crime and fraud management solutions market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on financial crime and fraud management solutions.
An insightful and deep-dive assessment of the competitive assessment of the financial crime and fraud management solutions market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the financial crime and fraud management solutions market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Financial Crime and Fraud Management Solutions Market: Research Methodology
Primary sources and secondary sources propel intelligence report on financial crime and fraud management solutions market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on financial crime and fraud management solutions market further acknowledges secondary sources—namely—Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.
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