Anti-Money Laundering (AML) solutions help financial institutions and government organizations to monitor and analyze customer data and transactions to detect, prevent, and report all types of suspicious activities, including money laundering activities, and improve AML compliance. Modern AML solutions use advanced analytics, artificial intelligence, and machine learning to predict potentially fraudulent activities to further strengthen the organization’s AML compliance readiness.
As part of the research “SPARK Matrix™: Anti-Money Laundering (AML), 2022” Quadrant Knowledge Solutions conducted an in-depth analysis of major anti-money laundering (AML) vendors by evaluating their products, market presence, and customer value proposition. Based on the analysis, the study provides competition analysis and ranking of the leading vendors in the form of SPARK Matrix. The evaluation is based on the primary research with expert interviews, analysis of use cases, and Quadrant’s internal analysis of the overall AML market. The SPARK Matrix evaluation examined vendors including ACI Worldwide, Acuant, AML Partners, BAE Systems, Clari5, Eastnets, Featurespace, Feedzai, FICO, Fiserv, Infrasoft Tech, LexisNexis Risk Solutions (Accuity), NICE Actimize, Oracle, Pelican AI, Quantexa, SAS, Symphony AyasdiAI, ThetaRay, and Verafin (Nasdaq).
Quadrant Knowledge Solutions research analyzes market dynamics, growth opportunities, emerging technology trends, and the vendor ecosystem of the global market. This research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendor capability, competitive differentiation, and market position.
Read more: https://feedzai.com/