NORTH AMERICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028

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  In its report on the North America transaction monitoring software market, Triton Market Research has concluded that the region would grow at a CAGR of 11.07% in the estimated years 2020-2028. The countries evaluated in the report on North America’s transaction processing software market include: •         The United States •         Canada Factors such as the rise in cases of money laundering, transaction frauds, financial theft, data theft, and terrorist funding are motivating the market growth in the North American region.
In addition, various financial organizations have been making efforts to minimize financial crime, which is driving the growth of the transaction monitoring software market. https://www.tritonmarketresearch.com/reports/north-america-transaction-monitoring-software-market#request-free-sample North America’s BFSI sector is witnessing tremendous growth, as the region is a global financial hub, having several banks and financial institutions.
Owing to this, a rise in financial fraud and other financial thefts is being witnessed. Further, the increasing initiatives by US-based organizations to minimize financial frauds drives the growth of the studied market.
The protection of transactional data and critical enterprise infrastructure has become crucial for organizations, with the world going increasingly digital. A 2017 survey by Thomson Reuters has revealed that around 50% of companies face financial fraud, which has severely impacted their annual business turnover.
Further, organizations need to adhere to stringent government guidelines laid down to curb illegal financial activities, which is also contributing to market growth. For instance, Canada’s Financial Transactions And Reports Analysis Center (FINTRAC), in July 2019, put new regulations in place to mitigate money laundering and counterterrorism financing activities.
Moreover, emerging AI-based applications and the growth of the Big Data industry in the region are creating lucrative opportunities for the North America transaction monitoring software market growth. Fiserv Inc provides financial technology solutions and services.
Its payment solutions include card solutions, enterprise payment solutions, electronic billing & payment solutions, payments network, personal payments services, and source capture solutions innovation. In addition, it offers processing services, insight & optimization, customer & channel management, and risk & compliance.
The company serves various industries, such as banks, associations, biller solutions, corporate services, business banking, consumers, credit unions, healthcare, government, insurance, institutional asset management, property management, lending, retail & commerce, thrifts, utilities, telecommunications, and wealth management. The US-based company is headquartered in Brookfield, Wisconsin.
  The top key players in the transaction processing software market include SAS Institute Inc, Oracle, Bottomline Technologies (de) Inc, BAE Systems, Thomson Reuters, Nice Ltd, InfrasoftTech, Software AG, ACI Worldwide Inc, Dow Jones Risk & Compliance, ComplyAdvantage, Experian plc, Fiserv Inc, Fair Isaac Corporation, and FIS. Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making.
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