AML TECH BRANCHES OUT WITH AI, WITH MARKET BOOMING AND DIVERSIFYING
May 23rd, 2023
As tech evolves, notably through the development of artificial intelligence (AI), anti-money laundering (AML) compliance officers at obliged entities are assessing a growing range of applications and platforms.
The global AML software market size is estimated to grow by USD2.7 billion from 2022 to 2027 at a compound annual growth rate (CAGR) of 15.01%, although “the high cost of implementation may impede” this expansion, according to the Illinois, USA-based market researcher Technavio. It said the size of the market in 2017 alone was USD1.5 billion, a ...
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