RSS says federal cash will not be long-term answer for workers pay – Salisbury Put up

SALISBURY – Rowan-Salisbury Schools received an unprecedented amount of federal funding over the past year, but funding will only go so far as to keep the district’s staff competitive.

In total, the district raised $ 96.9 million in federal funds. The amount is spread across approximately $ 70.6 million in COVID-19 aid and a federal grant of $ 26.3 million granted in 2020 to advance renewal plans.

The district has some of the least competitive salaries for its employees when compared to comparable school districts. In June, Superintendent Tony Watlington collapsed where the district landed. Teachers, teaching assistants, caretakers and bus drivers are at the bottom of the lists in eight or nine districts.

The employees are roughly divided into certified and classified categories. Certified employees include faculties such as teachers and school principals. The classified employees include bus drivers, nutrition workers, maintenance and teacher assistants.

During the school committee meeting last week, Watlington briefly touched on the subject, noting that the district lags not only behind the more affluent surrounding districts in terms of pay for classified staff, but also behind comparable districts.

A bus driver for RSS starts at $ 12.07 per hour while a starting bus driver for Davidson County starts at $ 16.07 per hour. A salary study for classified employees is ongoing.

RSS chief finance officer Carol Herndon said it is rare for a salary study to return whose results show pay should stay the same. It is likely that the district will need to implement the study in a phased manner rather than implementing its recommendations in a single year, Herndon said.

Chief Operational Officer Anthony Vann said the district is struggling to recruit and hold classified positions under its umbrella. He said there were several reasons. Pay is one. Another is the high level of competition from private companies and other school districts for people with the skills RSS is looking for. The COVID-19 pandemic also contributes to this.

While demand fluctuates, Vann cited the example of around 50 vacancies in a workforce of 200 nutritionists. Central Office nutritionists and other RSS staff work in cafeteria lines in schools, much like staff who stand in as substitute teachers to make up for lengthy teacher absences.

Vann said he has lost several very skilled employees to the surrounding counties and sees companies in the city offering signing rewards.

“It makes it difficult to keep qualified staff unless you can compete with them,” said Vann.

Where the county will find the funding for the raise is still open, but there are a few options.

Why not the federal money?

Some of the federal aid money will go into the pockets of the faculty and staff, but it will not provide the county with a solution to long-term funding goals for the people who work there for two reasons: used to pay staff, and it will run out of money too .

The aid money is divided into three parts based on the primary and secondary school emergency fund. The district received $ 4.7 million from the CARES bill in the early days of the pandemic, which has already been issued. The remaining federal aid came in two installments, a package of $ 20.3 million in the final months of President Trump’s administration and $ 45.6 million under the US bailout plan passed earlier this year.

All three aid packages came with slightly different rules. The last two packages, which make up the bulk of the funding, were not issued. The use of the latter packages must pass a three-step test to either prevent, reduce or respond to COVID-19.

Currently, the district is trying to shift some of its funds to pay grants to employees taking on additional duties due to COVID-19, but the state has consistently declined districts to use the money to largely pay the salaries or bonuses. In the meantime, the $ 20.3 million must be spent by the end of September 2023 and the $ 45.6 million the following year.

Herndon said it was dangerous to try to fund permanent bonuses with volatile cash because the district could not sustain increases after the grants expired.

“Our goal is to find sustainable funding,” said Herndon, adding that the district is in the process of setting a price for the implementation of the wage study.

The district will spend more than $ 30 million in aid on repairing and upgrading HVAC systems in its schools. This will achieve a long-term capital goal by removing this funding from the capital requirement list of more than $ 200 million in the district’s facilities.

These expenses are acceptable as they improve the air quality in the buildings. When all work is complete, every school in the district will have HVAC systems with fresh air exchangers.

The $ 26.3 million grant is different. Its express purpose is to give teachers incentives to advance the work of the district on its special renewal status.

Earlier this year, the district announced its first grant incentive program, which will provide $ 585,000 in signing and retention bonuses at 13 schools. The district management has discussed creating an incentive payment with the subsidy at their schools in need, in order to also attract teachers.

Where does the district find money?

North Carolina is one of the few states that has left the funding of its public schools to the total grace of the state and local governments.

School systems in NC have no authority to collect taxes or generate income of their own accord, except through grants and private donations. The overwhelming majority of the district’s $ 207.6 million budget for this fiscal year comes from a combination of federal, state and local funds awarded directly by these institutions.

Most of the money comes from the state. One possibility is for the state to pass one of the proposed budgets currently circulating in the legislature. The budget could include either a $ 13 or $ 15 minimum wage for civil servants, with the state government assuming the state-funded portion of the increase. But a budget passed by the legislature that could come at the end of this month would also apply nationwide.

The second place to find funding is through the Rowan County Board of Commissioners. That year, the commissioners cut nearly $ 500,000 from current expenses for the district, while the local portion of salary and welfare expenses increased by $ 416,000. Local funding is $ 38.8 million.

“One of the things our county needs to sell to businesses and potential citizens is quality schools,” Herndon said, adding that it requires quality staff and competitive wages.

Herndon said RSS should meet with the commissioners in person to have a conversation so that district officials can understand the district’s needs. Letters sent to district officials each year may lack the emotion and passion behind the district’s work.

The district has introduced itself to commissioners in the past, but the COVID-19 pandemic has made this meeting difficult.

The county also provides almost all of the capital funding for the county. Small purchases of equipment such as furniture could be made, but local money is used to build schools.

The final way to find money is to exercise some financial discretion. Renewal gives the district more government funding flexibility than the average district, making it easier to keep track of the district’s spending.

Herndon cited as an example of buying curriculum materials and analyzing whether that product gives the district what it wants. If not, RSS could test competing products or free up that money for other initiatives.

“If we are serious about offering competitive wages to our employees, we need to look very carefully at what we are currently funding,” said Herndon.

Tookitaki Powers AI-Pushed Anti-Cash Laundering Answer Utilizing HPE GreenLake

Tookitaki, the leading regulatory technology company and HPE technology partner, is using HPE GreenLake to provide financial institutions in Asia Pacific with an enhanced anti-money laundering solution powered by AI and machine learning

Hewlett Packard Enterprise (HPE) today announced an important collaboration with Tookitaki, a leading provider of compliance solutions for the financial services industry, has launched a new offering for banks and financial institutions in the Asia-Pacific region. The new offer offers Tookitaki’s artificial intelligence (AI) anti-money laundering solution (AML) in a secure and flexible consumption model as a service HPE GreenLake for Big Data.

With the new solution, financial institutions can create a central big data platform that can perform AML data analysis and enable AI AML solutions. Delivering the solution as a service through HPE GreenLake gives banks the flexibility, flexibility and scalability of a cloud experience while providing more control, cost-effectiveness and governance when deploying AI-optimized infrastructure platforms and solutions on-site. UOB, a leading bank in Asia, is the first financial institution in the world to choose Tookitaki’s AML solution for HPE GreenLake to enhance the bank’s AML system through AI. UOB has adapted Tookitaki’s AI solution to the needs of the bank.

By working with Tookitaki and HPE, UOB was able to develop an AI-enhanced AML system that simultaneously applies two dimensions of AML risk – transaction monitoring and name verification. UOB uses the technology to review 60,000 account names each month to determine if they belong to the people or organizations on global watch lists. UOB’s AI-enhanced AML system can now pinpoint higher priority cases based on the more than 5,700 average monthly alerts of suspicious transactions that are flagged1. This enables the bank to deploy the resources required to investigate potential money laundering attempts in a more targeted and faster manner. The models used for name screening and transaction monitoring achieved a prediction accuracy of 96% in the “high priority” category.

The story goes on

“Moving from a successful pilot to implementing with UOB is a testament to our collaboration with HPE to optimize financial institution anti-money laundering solutions based on machine learning,” concluded Abhishek Chatterjee, Co-Founder and CEO of Tookitaki with HPE, our systems have a deep understanding of Big Data as a Service and solution design development for rapidly designing and deploying AI solutions.They use a combination of distributed data-parallel architecture and machine learning to increase scalability across layers Ensure across technologies and systems You can benefit from this collaboration by implementing systems with high module accuracy to ensure they stay compliant at a time when organizational growth and business continuity are critical to success. ”

After this successful collaboration with UOB, HPE and Tookitaki are ready to assist other Asia Pacific banks and financial institutions seeking the business benefits of an enhanced AML solution delivered with the flexibility of an as-a-service model.

“By complementing Tookitaki’s regulatory compliance expertise with our data analytics platform and HPE GreenLake as-a-service offering, we can seamlessly deliver real-world AI solutions that deliver business results to our clients of financial institutions across the region can.” said Khai Peng Loh, general manager, Asia-Pacific solution sales for Hewlett Packard Enterprise. “We look forward to helping our customers better manage regulatory risk.”

HPE GreenLake Cloud Services provides customers with a powerful foundation to drive digital transformation through an elastic as-a-service platform that can run on-premise, on the edge, or at a colocation facility. HPE GreenLake combines the simplicity and agility of the cloud with the governance, compliance, and visibility that hybrid IT brings. HPE GreenLake offers a range of cloud services that accelerate innovation, including cloud services for computing, container management, data protection, HPC, machine learning, networking, SAP HANA, storage, VDI and VMs. The HPE GreenLake Cloud Services business is growing rapidly, with a total order value of over $ 4.2 billion and more than 700 partners selling HPE GreenLake. Today, HPE GreenLake has more than 1,000 customers in 50 countries of all industries and sizes, including Fortune 500 companies, government and public organizations, and small and medium-sized businesses. For more information on HPE GreenLake, visit:

About Tookitaki Holding Pte. GmbH.

Tookitaki Holding Pte. Ltd. offers corporate software solutions in the field of anti-money laundering (AML) and reconciliation. Headquartered in Singapore, the startup innovates the $ 100 billion range for regulatory compliance by delivering machine learning solutions that are actionable, scalable, and explainable. In 2020, the company won the Regulation Asia Awards for Excellence, the WITSA Global ICT Excellence Award and the G20TechSprint Accelerator. In 2019, the company was selected as a technology pioneer by the World Economic Forum to recognize its ability to shape the AML industry and the region in new and exciting ways. Tookitaki is backed by institutional investors such as Viola, SIG, Illuminate Financial, Jungle Ventures and Spring Seeds, an investment arm of the Singapore government. visit

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in the Asia-Pacific region, Europe and North America. Since its inception in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is one of the world’s leading banks: Aa1 from Moody’s Investors Service and AA- from S & P Global Ratings and Fitch Ratings. In Asia, UOB has its headquarters in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam as well as branches and representative offices throughout the region.

In more than eight decades, generations of UOB employees have implemented the entrepreneurial spirit, the focus on long-term value creation and the unwavering commitment to do the right thing for our customers and colleagues.

We believe in being a responsible financial services company and we are committed to improving the lives of our stakeholders and the communities in which we operate. Just as we are committed to helping our clients manage their finances wisely and grow their business, UOB supports social development, especially in the arts, children and education. visit

About HPE

Hewlett Packard Enterprise is the global edge-to-cloud platform-as-a-service company that helps companies accelerate their results by unlocking the value of all their data, everywhere. HPE is based on decades of reshaping the future and innovating to power our lives and work. It offers unique, open and intelligent technology solutions with a consistent experience across all clouds and edges to help customers develop new business models and break new ground and increase operational performance. For more information visit:

1 A suspicious transaction alert can identify a single transaction or a series of related transactions. UOB processes around 30 million transactions in total every month.

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Editorial contact:
Teljya Oka-Pregel, HPE

Anti-Cash Laundering Answer Market is Rising at 16.2% CAGR of throughout 2019–2027

Pune, India, February 17, 2021 (GLOBE NEWSWIRE) – Loud The Insight partners new research study on “the Anti-Money Laundering Solutions Market was valued at $ 1,503.99 million in 2019 and is expected to reach $ 5,866.51 million by 2027; The increasing focus of FinTech companies on the implementation of automated money laundering systems is driving market growth. However, the increasing focus on controlling the risks associated with digital payment methods is hindering market growth.

Europe dominated the anti-money laundering solutions market, with a share of more than 25% in 2019. In 2018, the European provinces were exposed to several cases of money laundering. For example, research found that up to $ 30 billion in ex-Soviet and Russian money flowed through the Estonian branch of Danske Bank, Denmark’s largest bank. In addition, the Dutch bank ING paid a fine of US $ 948.58 million (EUR 775 million) for allowing money laundering through its accounts as part of the “structural violation” of the Dutch Money Laundering and Terrorist Financing Act. In order to keep an eye on such events, in July 2018 the European Commission enforced the 5th Anti-Money Laundering Directive, which focuses on the establishment of central and publicly registered companies. The disclosure of corporate ownership to corporations seeks to mitigate the use of shell corporations that exist solely on paper to turn the profits of crime into seemingly legitimate assets. In addition, according to the Directive, the data in these registers must undergo a comprehensive review to ensure that the registers cannot be tampered with.

Anti-Money Laundering Solutions Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by component (software and services), deployment type (on-premises and cloud), product (transaction monitoring, compliance management, currency transaction reporting and customer identity management), industry (healthcare, BFSI, retail, IT and telecommunications, government), and others ), “

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(Anti-Money Laundering Solutions Market Segmented By Region / Country: North America, Europe, Asia-Pacific, Middle East and Africa, and Central and South America)

Technological advances lead to an increasing number of cyber criminals. FinTech companies have the potential to help banks around the world stay competitive in the global marketplace. Whether it’s tracking digital currencies, doing machine learning, or connecting data, more robust systems combined with technological advances have proactively led the fight against money laundering. Due to the increasing consumer acceptance of digital transactions and the subsequent volume of transactions in competitive FinTech companies in 2019, many companies opted for automated methods to combat money laundering. The automated money laundering systems offer a negligible amount of false positives compared to conventional data and technologies.

Due to the growing connection between FinTech and AML solutions, the Association of Certified Anti-Money Laundering Specialists announced in December 2020 the start of a new certification program for FinTech companies that want to meet regulatory standards. In collaboration with FINTRAIL, the association developed the Certified AML FinTech Compliance Associate program. The program is designed to expand the compliance toolkit of FinTech employees involved in entry-level financial crime prevention. The increasing focus of FinTech companies on the implementation of AML solutions is therefore driving market growth.

Anti-Money Laundering Solutions Market: Segment Overview
Among the common deployment types, local deployment offers a huge advantage for companies because they can keep all business processes and current internal systems such as authentication and access rights within their physical boundaries. In addition, companies can implement their own data security standards and control all processes included in their restriction. They also have the option to easily leverage existing hardware investments and offer their employees a cloud-like experience. On the other hand, the cloud delivery type is a model where the data is stored in a third party cloud provider. Customers have no control over the location of the infrastructure. This means that if a vendor’s data center is breached, the company has no control over the duration of the outage or the data that may be admitted. All clients in clouds use the same infrastructure pool with tight security, configuration, and accessibility variances.

On the basis of components, the Anti-Money Laundering Solutions market is divided into Software and Services. The software segment is expected to grow by more than 14% in the forecast period. There is a wide variety of Anti-Money Laundering (AML) software available to suit the needs of end users. The majority of companies differentiate their money laundering needs based on their approach. Rule-based approach software, risk-based approach software, behavior-based approach software, and intelligent software are some of the widely used AML software solutions. The rules-based approach software compares transaction data and compares it with certain scenarios in order to imitate malicious activities. While this software is easy to use, the software often raises concerns about false positives. With risk-based approach software, the solution focuses more on identifying risks associated with suspicious activity, including intelligence, rules, behavior, or a combination of these approaches.

Anti-Money Laundering Solutions Market: Competitive Landscape and Key Developments
BAE Systems Applied Intelligence announced a new offering being created on Amazon Web Services (AWS) to provide comprehensive anti-money laundering compliance solutions.
In 2020, BEC and SAS Institute teamed up for a new cloud platform for money laundering and terrorist financing. A. A DKK 1 million investment confirms BEC banks’ access to world-leading crime-fighting technology.

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The Insight Partners is a one-stop industry researcher for actionable information. We help our clients find solutions to their research needs through our syndicated and consultative research services. We specialize in industries such as semiconductors and electronics, aerospace and defense, automotive and transportation, biotechnology, healthcare IT, manufacturing and construction, medical devices, technology, media and telecommunications, chemicals and materials.

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Greece’s Eurobank Detects Cash Laundering Makes an attempt Throughout Financial institution with FICO Answer

One of Greece’s four systemic banks complies with new regulations with an advanced solution and has been recognized with the FICO Decisions Award 2021 for compliance

LONDON, February 16, 2021 / PRNewswire / –

FICO company logo. (PRNewsFoto / FICO)


  • Eurobank, one of the four systemic banks in Greecehas responded to new European regulations and expanded the use of FICO compliance solutions to all phases of the customer journey through various channels

  • The bank processed AML / KYC checks in real time to meet European AML4D & 5D guidelines

  • Eurobank won the FICO® Decisions Award 2021 for compliance with legal regulations

Eurobank, one of the four Greek system banks, has responded to new European regulations and expanded the use of FICO compliance solutions to all phases of the customer journey via various channels. The bank is now conducting real-time AML (anti-money laundering) and KYC (know your customer) checks, with automation leading to significant efficiency improvements. For its services, Eurobank won the FICO® Decisions Award 2021 for compliance with legal regulations.

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“Our roadmap for regulatory compliance with the FICO Siron solution meets the existing regulatory requirements and enables us to adapt quickly to new regulations,” said Marina Skalistiri, Head of Planning and Reporting for Compliance Risk Assessment at Eurobank Greece. “This is a first class result of our project.”

New regulatory requirements
Eurobank SA, part of the Eurobank Group, which operates in six countries, has been using FICO® Siron® Anti-Financial Crime Solutions for many years. New regulatory requirements for the European AML4D & 5D directives in connection with the increasing acceptance of remote channels by customers required AML / KYC checks in real-time processes such as digital onboarding. However, more warnings on the customer journey would also mean an increase in false positives. Thorough fine-tuning would be required to achieve a manageable number of alerts.

The story goes on

Cooperation with FICO and its partner PrintecEurobank took this opportunity to establish more comprehensive KYC and AML processes and to reduce the risks associated with correspondent banking.

“Correspondent banking relationships increase the risk of money laundering and terrorist financing,” said Skalistiri. “The domestic bank performing the transaction must rely on the foreign bank to identify the customer, determine the real owners, and monitor such transactions for risk. The foreign bank has AML compliance systems in place for its local Country of deployment can do so. ” does not capture all information and risks that the local regulatory system needs. It’s easy to see how things can get very complex. “

FICO® Siron® Anti-Financial Crime Solutions can address these challenges by monitoring high-risk, unusual, or suspicious activities and changes in behavior. It also performs automated identification and monitoring of all customers / counterparties involved in a transaction and updates their profiles accordingly.

The bank’s improvements to AML and KYC include:

  • Centralize decision-making for transaction monitoring for more efficient case management. “We have created a central competence center for alarm and case management, which consists of a team of specialists who know the AML risks exactly and thus reduce the burden on the branches from false alarms,” ​​said Skalistiri.

  • Enrichment of the parameterization of the transaction monitoring system for a more comprehensive and more targeted alerting. This enabled better coverage of AML typologies by improving the risk criteria that are monitored under the risk-based approach.

  • Improvement of KYC processes through real-time screening and consolidation of alarm distribution.

  • Make FICO Siron the automated system for monitoring suspicious activity in transactions related to correspondent banking services.

  • Decision to use FICO Siron solutions to reduce the risk of bribery and corruption.

Further improvements are planned for 2021.

“By using more FICO Siron capabilities, we now have a better understanding of customer structure and implied risk, better risk mitigation and the ability to cover regulatory requirements more comprehensively and efficiently,” said Skalistiri. “We have seen a significant improvement in the quality of alerts by eliminating repetitive simple alerts and freeing up staff to investigate more complicated transactions. Consolidating our AML systems has increased productivity and automation has increased the risk of human error decreased. “

“The rapid change in regulatory requirements to prevent terrorism and other financial crimes is a challenge for all banks,” he said Nikhil Behl, Chief Marketing Officer at FICO. “Eurobank Greece has built on a solid foundation and added new functions to our compliance system. This is a great example of how banks can do more to combat financial crime.”

“Compliance is an ever-evolving and challenging area for banks,” said Marcel Le Gouais, managing editor at Credit Strategy. “This project demonstrated the importance of improving efficiency through centralization. It also demonstrated the power of pattern recognition through the advanced analytics used by Eurobank. The judges were really impressed with the banks’ ability to manage their AML -Optimize the process. “

About the FICO® Decisions Awards
The FICO Decisions Awards recognize organizations that have achieved remarkable success with FICO solutions. A jury of independent judges with extensive industry expertise evaluates nominations based on measurable improvements in the most important key figures. demonstrated use of best practices; Project scope, depth and breadth; and innovative uses of technology. The judges of 2021 are:

  • Prasanna Dhoré, Chief Data & Analytics and Innovation Officer, Equifax

  • David Dittmann, Vice President, Data & Analytics, P&G (Winner 2019)

  • René Javier Guzmán, Director of Market and Liquidity Risk at Banreservas (2019 winner)

  • Tomas Klinger, Director of Decision Science and Data at Home Credit (2019 Winner)

  • Marcel Le Gouais, Managing Editor at Credit Strategy

  • Tiffani Montez, Bank analyst at Aite

  • Lisa Morgan, Journalist and analyst at InformationWeek

  • Ignazio Provinzano, Head of Risk Operations at Swisscard (2019 winner)

The winners of the FICO Decisions Awards will be in the spotlight and win tickets to FICO® World 2021, the decision conference. November 2021 in the Orlando Florida.

About FICO
FICO (NYSE: FICO) supports decisions that make people and businesses around the world successful. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 U.S. and foreign patents covering technologies that drive profitability, customer satisfaction, and growth for businesses in the financial services, manufacturing, telecommunications, healthcare, retail, and many other industries. With FICO solutions, companies in more than 120 countries can protect 2.6 billion payment cards from fraud, help people get credit, and ensure millions of planes and rental cars are in the right place at the right time.

Learn more at

FICO and Siron are registered trademarks of Fair Isaac Corporation in the US and other countries.


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Candy Launches Broad-Scale NFT Answer for Main Leisure and Shopper Manufacturers in Partnership With

Sweet, in partnership with, introduces a comprehensive NFT solution for leading entertainment and consumer brands

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$5.86 BillionAnti-Cash Laundering Resolution Markets, 2027

Dublin, Jan. 28, 2021 (GLOBE NEWSWIRE) – The “Market Forecast for Anti-Money Laundering Solutions to 2027 – Effects of COVID-19 and Global Analysis by Component, Type of Use, Product, Industry” Report was added Offer.

The market was valued at $ 1,503.99 million in 2019 and is expected to reach $ 5,866.51 million by 2027. Growth of 16.2% is expected from 2020 to 2027.

Several regions around the world are seeing strong growth in digitization in the banking sector. Government initiatives on digitization have increased the importance of digital payments to consumers. This factor has led to the emergence of several digital payment folders that offer banks stiff competition.

Currently, financial technology is enabling consumers to conduct transactions through a variety of platforms such as laptops and mobile devices. The ability to conduct financial transactions on laptops and mobile devices is so uniform that consumers take it for granted.

Recent surveys found that ~ 75% of people have paid digitally at least once. However, the growing digital payment services pose new risks in the financial system. In recent years, banks have traditionally carried out a financial assessment of their direct customers, as well as their transactions and payments. With the advent of digital payments, intermediaries are the link between the bank and the end customer, making banks vulnerable to customer misconduct.

Currently, the regulatory focus is on limiting the risk of money laundering in connection with digital payment methods such as e-payment and mobile wallets. In addition, combating cybercrime and limiting the risk of money laundering is a top priority. Regulators focus on financial crime and cybersecurity risks in digital payments.

For example, Singapore has passed a law that ranks intermediaries according to their level of risk and assigns tiered capital requirements and AML responsibilities. Hence, the great focus of financial institutions on limiting the problems of digital payments is expected to drive market growth.

Impact of COVID-19 on Anti-Money Laundering Solutions Market

North America is one of the most important regions for the introduction and development of new technologies due to favorable government policies promoting innovation, a huge industrial base and high purchasing power, especially in developed countries like the USA and Canada. Therefore, any impact on industrial growth is expected to negatively impact the region’s economic growth. Currently, the US is the hardest hit country in the world due to the COVID-19 outbreak, with 17,515,091 confirmed cases and 313,748 deaths, according to WHO data.

The US is a significant market for anti-money laundering solutions. Criminals in the area have used the disruption caused by the global pandemic to generate profits from a wide range of crimes including electronic fraud, counterfeit product sales and cybercrime.

To prevent such threats, money laundering communities are taking steps to identify challenges. International cooperation against the financing of terrorism and money laundering does not seem to be negatively affected by the global pandemic.

Main topics covered:

1 Introduction
1.1 Scope of study
1.2 Guide to reports
1.3 Market segmentation

2. Key takeaways

3. Research methodology

4. Market landscape for anti-money laundering solutions
4.1 Market overview
4.2 Pest analysis
4.3 Ecosystem Analysis
4.4 Reports

5. Anti Money Laundering Solutions Market – Important Market Dynamics
5.1 Market drivers
5.1.1 FinTech’s increasing focus on the implementation of automated anti-money laundering systems
5.1.2 Growing demand for sophisticated transaction monitoring solutions
5.1.3 Increasing focus on limiting risks associated with digital payment methods
5.2 Market Restrictions
5.2.1 Increasingly complicating the structure and technology of anti-money laundering solutions
5.3 Market Opportunities
5.3.1 Increasing introduction of cryptocurrency
5.3.2 Accelerate the introduction of advanced analytics
5.4 Future trends
5.4.1 Exchange of information between banks and other financial institutions
5.5 Impact analysis of drivers and restraint systems

6. Anti-Money Laundering Solutions Market – Global Analysis
6.1 Global View of Anti Money Laundering Solutions Market
6.2 Anti-Money Laundering Solutions Market – Revenue and Forecast to 2027 (in Million USD)
6.3 Global market positioning – five main players

7. Money Laundering Solutions Market Analysis – By Deployment Type
7.1 Overview
7.2 Anti-Money Laundering Solutions Market by Deployment Type (2019-2027)
7.3 On site
7.4 cloud

8. Market Analysis for Anti-Money Laundering Solutions – By Components
8.1 Overview
8.2 Anti-Money Laundering Solutions Market Breakdown by Component (2019 and 2027)
8.3 software
8.4 Services

9. Anti-Money Laundering Solutions Market Analysis – By Product
9.1 Overview
9.2 Anti-Money Laundering Solutions Market Breakdown by Product (2019 and 2027)
9.3 Transaction Monitoring
9.4 Compliance management
9.5 Reporting on Currency Transactions
9.6 Customer Identity Management

10. Market Analysis for Anti-Money Laundering Solutions – By Industry
10.1 Overview
10.2 Anti-Money Laundering Solutions Market Breakdown by Industry (2019 and 2027)
10.3 Healthcare
10.4 BFSI
10.5 Retail
10.6 IT and Telecommunications
10.7 government

11. Anti Money Laundering Solutions Market – Geographical Analysis
11.1 Overview

12. Impact of the COVID-19 Pandemic on the Anti-Money Laundering Solutions Market
12.1 Overview

13. Global Anti-Money Laundering Market Solution
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New development

14. Company profiles

  • Accenture
  • BAE Systems plc
  • LexisNexis Risk Solutions Group
  • Nasdaq Inc.
  • NICE Ltd.
  • Open the Text Corporation
  • Oracle Corporation
  • SAS Institute Inc.

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Research and Markets also offers Custom research Services that provide focused, comprehensive and tailored research.

CONTACT: Laura Wood, Senior Press Manager For EST office hours, call 1-917-300-0470. For toll-free US / CAN calls, call 1-800-526-8630. 1-416-8900