Kapronasia Launches New Study Looking at the Future of Anti-Money Laundering Solutions in Asia

Singapore, Singapore, July 19, 2017 --(PR.com)-- Asia is a fast-growing region that has seen financial transaction volumes and international trade boom over the last few decades. Along with the growth of financial services, we have also seen a rise in the level of financial crime, especially money laundering. The move towards digital payments across the region has changed the way money laundering occurs, and it is becoming more difficult to trace it when money is flowing across several jurisdictions in a small period. For financial institutions, the situation is further complicated by the number of anti-money laundering (AML) solution vendors in the market.

Kapronasia's latest report "2017 Asia Pacific Vendor Landscape: AML Solutions" takes a comprehensive look at the important trends and developments in the space as well as the functionality and features of the leading vendors' AML products in the Asia-Pacific.

While each solution is unique in how it deals with the requirements for AML, there are some interesting commonalities: The first is the ability of almost all vendors to offer different types of deployment, including on-site or software as a service (SaaS). Some firms were more sophisticated as they also had a hybrid solution that combined features of different types of deployment for different parts of the same solution. But most firms have shown awareness of the fact that as they reach out to users of all types and sizes, they need to be more flexible in how they deploy the solution.

AML systems are using the some of the latest technology including advanced machine learning, artificial intelligence and natural language processing. In addition to making existing processes faster, it also allows the larger financial firms to deal with rapidly growing transaction volumes. Similarly, other constraints that the financial institutions have include regulatory inspection and increasing cost pressures.

The 2017 Asia Pacific Vendor Landscape: Anti-money Laundering Solutions report is one of the few reports looking the AML landscape in Asia as well as a comprehensive review of the solution providers in the space. It is a must-see report for any financial institutions and market participants.


Contact Information:
Jane Li
+86 21 3983 1823
Contact via Email

Read the full story here: http://www.pr.com/press-release/723835

Press Release Distributed by PR.com

Posted In:

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.