Boston, June 24, 2015 – Anti-money laundering violations instill fear into financial institutions’ C-suites. AML officers are often caught between regulators’ ever-increasing expectations, finite resources, and the new specter of personal liability for AML violations. Technology continues to evolve in an effort to alleviate this burden, but the path is not always smooth. Can AML solutions, which are often data-hungry beasts requiring complex implementations and laborious upgrades, enable AML compliance and arrest the escalating enforcements?
This research is based on 2014 and 2015 interviews of AML executives from around the globe to understand their satisfaction with their vendor solutions, current pain points, and market needs. The first in a three-part series, it evaluates the vendors of AML suspicious activity monitoring technology and profiles solutions from ACI Worldwide, Argo, BAE Systems Applied Intelligence, Computer Services Inc., Experian, FIS, Fiserv, IBM, Intellect Design, Intellinx, Jack Henry, Nice Actimize, Oracle, SAS, Tata Consultancy Services, Tonbeller, and Verafin.
This 53-page Impact Report contains seven figures and 21 tables. Clients of Aite Group’s Fraud & AML services can download this report.