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Latest News
The globalpost-COVID-19 AML Solution market size is forecasted to grow from USD 2.2billion in 2020 to USD 4.5billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6%
Reportlinker.com announces the release of the report “Anti-money Laundering Market by Component, Solution, Deployment Mode, End User And Region – Global Forecast to 2025”
Transaction Screening and Monitoring Solution to grow at the highest rate during the forecast period
The transaction screening and monitoring solution is developed to meet AML and Counter Terrorism Financing (CTF) requirements, file Suspicious Activity Reports (SARs), and fulfill other reporting obligations resulting into providing organizations with an in-depth analysis of customers’ profile and risk levels and predict future activities. Additionally, the solution prepares comprehensive reports and alerts financial organizations about suspicious activities. Hence, transaction Screening and Monitoring Solution to grow at the highest rate during the forecast period
Large enterprises segment to hold a larger market size during the forecast period
Large enterprises are the early adopters of AML solutions, as they use many business applications that are susceptible to fraudulent attacks.As these enterprises are large, with different types of IT infrastructure, they face the difficult task of effectively managing the security of their applications.
Unlike SMEs, large enterprises are well-equipped with technical skills, have higher investment capabilities, and are more exposed to incidents of frauds. This has led to higher awareness levels among large enterprises.
Europe to grow at the highest CAGR during the forecast period
The continuously developing regulatory landscape with new stringent data privacy laws such as AMLD5, GDPR, and PCI DSS and increasing fines due to non-compliance and the increased research on the implementation of technologies such as AI, ML, and big data technologies in AML solutions for the effective automation of AML risk management and reduction of false positive numbers is necessitating the implementation of AML Solution in the European region.
• By Company: Tier I:33%, Tier II: 41%, and Tier III:26%
• By Designation: C-Level:47%, Director35%: and Others:18%
• By Region: North America: 49%, Europe: 29%, APAC: 17%, RoW: 5%
The report includes the study of the key players offering AML Solution solutions and services. It profiles major vendors in the global AML Solution market, including ACI Worldwide (US), BAE Systems (UK), NICE Actimize (US), FICO (US), SAS Institute (US), Oracle (US), Experian (US), LexisNexis Risk Solutions (US), Fiserv (US), FIS (US), Dixtior (Portugal), TransUnion (US), Wolters Kluwer (Netherlands), Temenos (Switzerland), Nelito Systems (India), TCS (India), WorkFusion (US), Napier (US), Quantaverse (UK), ComplyAdvantage (US), Acuant (US), FeatureSpace (UK), FeedZai (US), Finacus Solution (India), CaseWire (Canada) and Comarch SA (Poland).
Research coverage
The report segments the global AML Solutionmarketbycomponent, solutions, services, deployment mode, organization size, end user, and region. The solution segment comprisesKYC/CDD and Watchlist, Transaction Screening and Monitoring, case Management and Regulatory Reporting.The deployment mode segment comprises cloud and on-premises.The organization size segment comprises SMEs and large enterprises. The AML Solutionmarket by end users includes banking and Financials, Insurance Providers and Gaming/Gambling organizations. The report covers the AML Solution market with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America.
The report would help the market leaders and new entrants in the global AML Solution market in the following ways:
1. The report segments the market into various subsegments. Henceit covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are splitfurther across applications and regions.
2. It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
3. It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Read the full report: https://www.reportlinker.com/p05815011/?utm_source=GNW
About Reportlinker:
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
Bragg Gaming Group
Bragg Gaming Enters into Online Casino Content Agreement with Canadian Operator Loto-Québec
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Bragg Gaming Group has announced that it has entered into an online casino content agreement with Canadian operator Loto-Québec, the only 100% legal and local casino site in the province of Québec. The agreement marks the expansion of Bragg into its second Canadian province, following Bragg’s prior entry into Ontario in March 2022.
Pursuant to the agreement, Loto-Québec will benefit from access to exclusive content, including titles from Bragg’s in-house proprietary content development studios, a roster which includes Atomic Slot Lab and Indigo Magic, through Bragg Gaming’s Remote Games Server (RGS) technology, delivered via the Bragg HUB platform.
In addition, Loto-Québec players will also be able to access on lotoquebec.com titles from multiple content partners under the Powered By Bragg program, including King Show Games, Bluberi, Incredible Technologies and Sega Sammy Creation.
All content delivered on the Bragg HUB comes with the company’s Fuze promotional tools as standard which offer player engagement features on games such as free rounds, jackpots, tournaments, and quests.
The agreement with Loto-Québec’s online casino supports Bragg Gaming’s strategic goals by accelerating the growth of utilization of Bragg’s exclusive and proprietary content, and the diversification of revenue through expansion into North American markets.
Garrick Morris, Senior Vice President, Commercial, US and Canada at Bragg Gaming Group said: “It’s fantastic to see Bragg’s content expand into our second Canadian province. Loto-Québec is a strategic partner, and we are excited to see our proprietary games as well as exclusive content from our partners live and available to Loto-Québec players. We look forward to developing our relationship as a key supplier to Loto-Québec as we continue the roll-out with regular new game releases planned.
“We’ve enjoyed strong growth in North America over the past 12 months and I am pleased to further support this momentum with this successful launch in Québec. I would like to thank the Loto-Québec and Bragg teams for making this happen.”
François Hardy, Senior Director of Product and Innovation at Loto-Québec, said: “At Loto-Québec, we are always looking for new and exciting ways to entertain our players. Bragg perfectly aligns with this vision, enabling us to provide a refreshing and dynamic experience to our players.”
The post Bragg Gaming Enters into Online Casino Content Agreement with Canadian Operator Loto-Québec appeared first on Gaming and Gambling Industry in the Americas.
Coalition for Fantasy Sports
Coalition for Fantasy Sports Welcomes Splash Sports as its Newest Member
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The Coalition for Fantasy Sports (CFS) has welcomed Splash Sports as its fifth and newest member, alongside PrizePicks, Underdog Fantasy, Betr, and Dabble. This strategic partnership further solidifies the organization’s position as the premier voice in protecting innovation and consumers in the fantasy sports industry.
By joining forces with the Coalition, Splash Sports reinforces its commitment to promoting a safe, innovative, and enjoyable fantasy sports experience. Together, they will advocate for informed policies, industry-leading responsible gaming practices, and consumer-centric regulations that foster growth and innovation in the industry.
“Fantasy sports continues to evolve, and with the addition of industry leaders like Splash Sports, our coalition is stronger than ever. Together, we will continue to advocate for smart policies that allow fantasy sports to thrive while prioritizing consumer protection and innovation,” said Coalition Executive Director JT Foley.
“Splash Sports is excited to join forces with the Coalition for Fantasy Sports, an organization that shares our passion for responsible and innovative fantasy sports gaming. Together, we will work to protect and grow the fantasy sports industry, ensuring that consumers have access to a safe, enjoyable, and innovative experience,” said Joel Milton, co-founder and CEO of Splash Sports.
The post Coalition for Fantasy Sports Welcomes Splash Sports as its Newest Member appeared first on Gaming and Gambling Industry in the Americas.
Alex Dixon
Resorts World Las Vegas Appoints Carlos Castro as Chief Operating Officer and Chief Financial Officer
Resorts World Las Vegas has appointed Carlos Castro as Chief Operating Officer and Chief Financial Officer. In this role, Carlos will lead the resort’s financial strategy, operational execution, and long-term growth initiatives, ensuring continued success as a premier hospitality and entertainment destination on the Las Vegas Strip.
“Carlos is joining Resorts World Las Vegas at a pivotal time, as we continue to invest in the future of this property and solidify our place as a top-tier destination. His depth of experience in financial leadership and operations will be instrumental as we execute our strategic vision and drive long-term success. We are confident in his ability to help shape the next phase of growth for Resorts World Las Vegas,” said Jim Murren, Chairman of the Board of Directors for Resorts World Las Vegas.
As COO and CFO, Carlos will oversee strategic planning and direction, investment activities, and operational efficiencies, ensuring the resort remains competitive in the industry. Focusing on long-term growth, he will collaborate with the leadership team to expand offerings, enhance guest experiences, and solidify the resort’s standing as a leader in luxury and entertainment.
Carlos has extensive experience in hospitality finance and operations having held senior leadership positions at Hilton Hotels Corporation, Caesars Entertainment, and MGM Resorts International. As Senior Vice President and CFO at Aria Resort and Casino, Carlos led the property to record profitability through innovative operational initiatives, sound capital investments, and effective cost management. His expertise in managing large-scale resort operations and financial growth strategies positions him well to guide Resorts World Las Vegas into its next phase.
“Resorts World Las Vegas is an incredible property, and I am honored to take on this role. I look forward to working with our team to drive financial excellence, enhance our guest experience, and support the continued success of this extraordinary property,” said Castro.
“Carlos brings extensive financial and operational expertise that will be invaluable as we continue to elevate Resorts World Las Vegas. His leadership will play a key role in driving financial performance, enhancing operational efficiencies, and positioning the property for sustained growth and innovation,” Alex Dixon, CEO of Resorts World Las Vegas, said.
The post Resorts World Las Vegas Appoints Carlos Castro as Chief Operating Officer and Chief Financial Officer appeared first on Gaming and Gambling Industry in the Americas.
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