January 27 2016
Global market research provider Technavio has identified new Kiwi-owned business AML360 as a leading vendor in the global anti-money laundering software marketplace.
The world’s largest market research resource named AML360 as one of 17 leading global players alongside established names like Thompson Reuters, IBM and Oracle in their latest review of Anti-Money Laundering Compliance software.
AML360’s software provides anti-money laundering compliance tools to meet increasingly complex regulatory obligations, for which company directors and business operators are personally liable.
n their review Technavio emphasise that the “growing use of predictive analytics to reduce false results and decrease the compliance cost of AML software is a positive market trend”. They also predict the global anti-money laundering software market to grow steadily at around 11% during the forecast period of 2016-2020.