Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud


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Update (15-Mar-2012) : Fiserv has provided this report for free download (You just need to register though). Please check the link after the post.

Financial institutions will spend US$504 million globally on anti-money laundering software in 2012. Celent profiles 22 vendors of AML packages for large, medium and small firms.

Celent’s anti-money laundering vendor evaluation reports have become something of a de facto standard, used by financial institutions and regulators around the world. AML has not gone away as a concern for financial institutions; indeed it has expanded, across financial industry tiers and spanning geographies globally.

The behavior detection technology that underpins AML software has also expanded its boundaries within the financial institution. Financial institutions have become increasingly concerned with fighting fraud, and a growing number of firms are taking a holistic approach to these issues, consolidating AML and anti-fraud efforts to combat financial crime. The 2012 edition of Celent’s report, Evaluating the Enterprise-Wide Compliance Vendors: Solutions for Anti-Money Laundering and Anti-Fraud, takes an enterprise risk approach as well, by including in our evaluation the anti-fraud products of the AML vendors.

Celent profiles 22 AML software vendors, evaluates them using its ABCD Vendor View, and hands out XCelent Awards 2012 to four of the vendors.

Celent’s ABCD Vendor View is a standard representation of a vendor marketplace designed to show at a glance the relative positions of each vendor in four categories: Advanced technology, Breadth of functionality, Customer base, and Depth of client services.
Link to the report abstract: here

You can download this report from Fiserv at the link : here