The growing instances of theft and fraudulent activities among financial institutions have become a significant concern in recent years for the finance industry. The advent of modern technologies has also made these institutions vulnerable to cyber-attacks and identity theft, leading to huge losses every year. The increasing popularity of digital transactions among users is building pressure on these firms to be efficient in tackling financial crimes and frauds. This is subsequently encouraging the market players to introduce better solutions and exploit the current market potential effectively.
The global financial crime and fraud management solutions market is anticipated to witness robust growth in the forecast period with the increasing usage of digital banking services and cashless transactions among users. Furthermore, the growing frequency of cyber frauds and resulting revenue losses are further likely to propel the market growth. However, changing regulatory environment in the finance industry remain a challenge for financial crime and fraud management solutions market. On the other hand, the need for more efficient fraud management solutions is likely to showcase significant opportunities for market players during the forecast period.
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Leading Financial Crime and Fraud Management Solutions Market Players: ACI Worldwide, Inc., Capgemini SE, Dell Inc., Experian PLC, Fiserv, Inc., IBM Corporation, NICE Ltd., Oracle Corporation, Polaris Consulting & Services Limited, SAS Institute Inc.
Major Key questions answered through this research report:
The global Financial Crime and Fraud Management Solutions Market is segmented on the basis of component and end user. Based on component, the market is segmented as hardware, software and services. On the basis of the end user, the market is segmented as banks, credit unions, specialty finance and others.
Financial Crime and Fraud Management Solutions Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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