Money laundering is particularly prevalent in the fast-growing Asia-Pacific region. Cybercrime, especially crime related to terrorism, has forced governments to focus on financial transaction processes in order to ensure the safety and legitimacy of the financial services industry.
Kapronasia found increasing sophistication of AML requirements in large economies such as China and India, which are trying to ensure that they have the right frameworks in place with regard to financial crime and specifically AML amidst rapid economic growth and rise in security threats including cybercrime.
Systems also are moving to be more 'holistic' in order to allow firms to deal with all these areas of concern through one platform, as much as possible. The study reviewed the offerings from:
•    ACI Proactive Risk Manager (PRM) for AML
•    BAE Systems NetReveal
•    FICO Siron
•    Fiserv
•    Intellect Design Arena AML
•    LexisNexis Bridger Insight XG
•    NICE Actimize
•    Oracle Financial Services Anti-Money Laundering
•    TCS BaNCS
•    Temenos.
Report can be purchased from Kapronasia.com