Strategic Insights: Unraveling the Market Share Puzzle in Watchlist and Sanction Screening

 


Quadrant Knowledge Solutions has disclosed that the Watchlist and Sanctions Screening Market is anticipated to demonstrate a Compound Annual Growth Rate (CAGR) of 16.50% by the year 2027. The screening for sanctions and watchlists is a pivotal aspect of Know Your Customer (KYC) procedures and solutions. This involves financial institutions (FIs) scrutinizing customers against diverse data sources like sanctions lists, Politically Exposed Persons (PEPs), and regulatory watchlists during the onboarding process. This practice not only mitigates the risk of engaging with sanctioned entities but also enhances the efficiency of customer onboarding.

Furthermore, it enables FIs to ensure regulatory compliance and identify potentially harmful entities that could harm their reputation. To navigate the evolving regulatory landscape successfully, FIs must proactively prevent the onboarding of problematic entities by optimizing their global operations with AML (Anti-Money Laundering) risk data sources, thereby maintaining compliance with AML, Counter-Terrorism Financing (CTF), and sanctions enforcement regulations.

Watchlist and sanctions screening software provides comprehensive, ongoing screening capabilities, allowing FIs to screen both customers and real-time transactions throughout the entire customer lifecycle, including payments and trade. Leveraging AML and KYC, this solution supports efficient case investigations. Vendors are actively working towards seamless integration of their screening solutions with global data sources such as sanctions, watchlists, PEPs, and adverse media. This integration enhances customer screening capabilities, ensuring accurate data from diverse AML risk sources and sanction lists.

Download The Sample Report of Market Share: Watchlist and Sanctions Screening Market

The study aims to address key questions:

·       Is the Watchlist and Sanctions screening market witnessing growth?

·       What is the short-term and long-term growth potential of the Watchlist and Sanctions screening market?

·       What are the primary market accelerators and restraints influencing the global Watchlist and Sanctions screening market?

·       Which industries are the major end-users of Watchlist and Sanctions screening solutions, and which ones offer the most growth opportunities during the forecast period?

·       Which global region presents the highest growth opportunities in the Watchlist and Sanctions screening market?

·       Among customer segments, which have the highest adoption of Watchlist and Sanctions screening solutions?

·       What are the various deployment options available for Watchlist and Sanctions screening solutions?

Vendors Covered

Acuant (GBG Plc), ACI Worldwide, AML Partners, Azentio Software, ComplyAdvantage, Clari5, Dow Jones, Eastnets, Featurespace, Feedzai, FICO (IMTF), Fiserv, Fourthline, Kiya.ai, LexisNexis Risk Solutions (Accuity), NICE Actimize, Oracle, Quantexa, SAS, NetReveal, ThetaRay, Verafin

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com

Comments

Post a Comment

Popular posts from this blog

Unlocking Growth Opportunities: Exploring the Potential of PAS-P&C Platforms

Image
  Quadrant Knowledge Solutions characterizes the P&C Core Insurance Platform (PAS-P&C) as a comprehensive solution catering to the operational needs of property and casualty insurers. This platform facilitates the management of essential functions such as policy administration, billing, and claims processing for personal and commercial property, as well as liability coverage.  A fully integrated P&C core suite encompasses a policy management system overseeing the entire policy lifecycle, billing functionalities handling the complete billing and collection process, and claims management facilitating end-to-end processing for all personal and commercial lines of business. As the Insurtech landscape continues to expand, insurance firms are increasingly embracing open-architecture solutions with robust integration capabilities. They are integrating a growing number of Insurtech partners into their workflows, rating systems, and decision-making processes to enhance operations,
Read more

Secure Shields for Online Fortresses: Predictions for the Web Application Firewall Market

Image
  Web Application Firewall (WAF) Solution safeguards an organization's web assets and its customers against web-based attacks and malicious activities. This solution has evolved into a more sophisticated form due to the rise in application layer attacks and dynamic web technologies. It also offers advanced features such as API security, client-side protection, defense against DDoS attacks, bot management, and more. WAF solutions can seamlessly integrate with other security tools like Intrusion Detection and Prevention Systems (IDPs) and Security Information and Event Management (SIEM) systems to establish a comprehensive security framework.   Key Queries Addressed by this Study: ·        What is the current growth rate of the web application firewall market? ·        What are the main drivers and barriers influencing the web application firewall market? ·        Which industries hold the greatest growth potential during the forecast period? ·        Which global region
Read more

Unveiling the Crystal Ball: Insights from the Application Security Testing Market Forecast

Image
  Application Security Testing entails the process of pinpointing and mitigating vulnerabilities within software applications. It encompasses a variety of techniques and tools designed to assess potential security flaws within applications, examining aspects like source code, configuration settings, and runtime behavior. The objective of application security testing is to assist developers and organizations in averting unauthorized access, data breaches, and other cyberattacks that could compromise the confidentiality, integrity, and availability of their applications and data. This research will address the following key inquiries: ·        What is the rate of growth in the application security testing market? ·        What factors are propelling and hindering the application security testing market? ·        Which industries hold the most significant growth prospects in the projected period? ·        Which global region presents the highest growth opportunities in the appl
Read more