LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028

ICT | Telecom and Internet

LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028

Market By Component, Deployment Mode, Enterprise Size, Application, Industrial Vertical, And Geography | Forecast 2020-2028

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According to Triton, the Latin America market for transaction monitoring software is expected to proliferate with a CAGR of 15.01% during the forecast period of 2020-2028.

The countries scrutinized in this market include:

           Brazil

           Mexico

           Rest of Latin America



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Advanced analytics has become a crucial component of data science and it uses hi-tech methods & tools to predict future trends, events, or behavior. Banks and other financial organizations have been increasingly adopting advanced analytics to monitor high-risk activities, and this has been a key factor driving the market growth. Its adoption in transaction monitoring processes helps in detecting and monitoring specific risks, which are otherwise difficult to detect. Thus, the use of advanced analytics in transaction monitoring is leading to the growth of the market.

Brazil has a dynamic, diverse, and competitive finance sector. There are nearly 168 commercial banks in the country, with total assets amounting to approx. $349 billion and equity of approx. $49 billion. Money laundering is an issue of grave concern in Brazil, owing to which, the national government has set up a comprehensive AML regulatory system in place. The major sources of illegal proceeds are reported to come from crimes taking place against the financial system, tax evasion, and drug trafficking. The implementation of an anti-money laundering regime has helped in driving the country’s financial transaction monitoring market, as it helps financial regulatory bodies to exercise more control over organizations in the BFSI sector and overlook the transactions taking place.

FIS is one of the leading organizations in the FinTech industry, laying its focus on payment solutions, retail & institutional banking, outsourcing, asset & wealth management, and risk & compliance. It serves more than 20,000 clients across 130 countries. It also offers other solutions, such as investment management & servicing and investment banking & brokerage. In January 2020, FIS announced entering into an agreement with Union Bank to deliver a next-gen core banking platform. The company also has a business presence in Latin America, among many other regions.

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Table of Content

1.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET - SUMMARY              

2.    INDUSTRY OUTLOOK            

2.1. MARKET DEFINITION                 

2.2. KEY INSIGHTS                              

2.2.1.   THE CLOUD IS THE FASTEST-GROWING AMONGST DEPLOYMENT MODE      

2.2.2.   BFSI LEADS AMONGST INDUSTRIAL VERTICALS              

2.3. PORTER’S FIVE FORCE ANALYSIS               

2.3.1.   THREAT OF NEW ENTRANTS               

2.3.2.   THREAT OF SUBSTITUTE                       

2.3.3.   BARGAINING POWER OF SUPPLIERS           

2.3.4.   BARGAINING POWER OF BUYERS                 

2.3.5.   THREAT OF COMPETITIVE RIVALRY              

2.4. MARKET ATTRACTIVENESS INDEX              

2.5. VENDOR SCORECARD             

2.6. MARKET DRIVERS                     

2.6.1.   INCREASE IN DIGITALIZED PAYMENT TRANSACTIONS               

2.6.2.   MITIGATION OF MONEY LAUNDERING AND TO MANAGE KYC COMPLIANCE/CTF ACTIVITIES     

2.6.3.   USE OF ADVANCED ANALYTICS TO IDENTIFY HIGH RISK ACTIVITIES               

2.7. MARKET RESTRAINTS              

2.7.1.   LACK OF SKILLED PROFESSIONALS 

2.7.2.   INCREASING RISK OF SECURITY BREACHES                    

2.8. MARKET OPPORTUNITIES                   

2.8.1.   INTEGRATION OF BIG DATA, MACHINE LEARNING AND AI IN TRANSACTION MONITORING 

2.8.2.   INCREASING DEPLOYMENT OF TRANSACTION MONITORING SYSTEMS BY SMES               

2.9. MARKET CHALLENGES            

2.9.1.   DIFFICULTIES IN MANAGING CROSS-BORDER AND MULTI-JURISDICTIONAL AML-COMPLIANCE              

3.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK -  BY COMPONENT   

3.1. SOLUTION             

3.2. SERVICE               

4. LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY DEPLOYMENT MODE            

4.1. ON-PREMISE                    

4.2. CLOUD                   

5.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY ENTERPRISE SIZE     

5.1. LARGE ENTERPRISES              

5.2. SMALL AND MEDIUM ENTERPRISES

6.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY APPLICATION   

6.1. ANTI-MONEY LAUNDERING                

6.2. CUSTOMER IDENTITY MANAGEMENT                     

6.3. FRAUD DETECTION & PREVENTION            

6.4. COMPLIANCE MANAGEMENT             

7.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET OUTLOOK - BY INDUSTRIAL VERTICAL                    

7.1. BFSI            

7.2. GOVERNMENT & DEFENSE                

7.3. RETAIL & ECOMMERCE            

7.4. IT & TELECOM                  

7.5. HEALTHCARE                  

7.6. ENERGY & UTILITIES                 

7.7. MANUFACTURING                      

7.8. OTHERS                 

8.    LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET – REGIONAL OUTLOOK                      

8.1. BRAZIL                   

8.2. MEXICO                  

8.3. REST OF LATIN AMERICA                                            

9.    COMPETITIVE LANDSCAPE            

9.1. ACI WORLDWIDE INC    

9.2. BAE SYSTEMS                 

9.3. FAIR ISAAC CORPORATION                

9.4. FISERV INC                       

9.5. FIS               

9.6. NICE LTD               

9.7. ORACLE                 

9.8. SAS INSTITUTE INC       

9.9. SOFTWARE AG                

9.10. THOMSON REUTERS              

9.11. INFRASOFTTECH                     

9.12. EXPERIAN PLC              

9.13. BOTTOMLINE TECHNOLOGIES (DE) INC               

9.14. COMPLYADVANTAGE             

9.15. DOW JONES RISK & COMPLIANCE             

10. METHODOLOGY & SCOPE              

10.1. RESEARCH SCOPE                 

10.2. RESEARCH SCOPE & DELIVERABLES                                          

10.3. RESEARCH METHODOLOGY

List of table

TABLE 1: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPONENT, 2020-2028 (IN $ MILLION)

TABLE 4: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020-2028 (IN $ MILLION)

TABLE 5: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENTERPRISE SIZE, 2020-2028 (IN $ MILLION)

TABLE 6: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)

TABLE 7: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY INDUSTRIAL VERTICAL, 2020-2028 (IN $ MILLION)

TABLE 8: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

List of Figures

FIGURE 1: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY CLOUD, 2020-2028 (IN $ MILLION)

FIGURE 2: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

FIGURE 3: PORTER’S FIVE FORCE ANALYSIS

FIGURE 4: MARKET ATTRACTIVENESS INDEX

FIGURE 5: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SOLUTION, 2020-2028 (IN $ MILLION)

FIGURE 6: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SERVICE, 2020-2028 (IN $ MILLION)

FIGURE 7: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ON-PREMISE, 2020-2028 (IN $ MILLION)

FIGURE 8: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY CLOUD, 2020-2028 (IN $ MILLION)

FIGURE 9: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY SME, 2020-2028 (IN $ MILLION)

FIGURE 11: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ANTI-MONEY LAUNDERING, 2020-2028 (IN $ MILLION)

FIGURE 12: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY CUSTOMER IDENTITY MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY FRAUD DETECTION & PREVENTION, 2020-2028 (IN $ MILLION)

FIGURE 14: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY COMPLIANCE MANAGEMENT, 2020-2028 (IN $ MILLION)

FIGURE 15: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

FIGURE 16: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY GOVERNMENT & DEFENSE, 2020-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY RETAIL & ECOMMERCE, 2020-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY IT & TELECOM, 2020-2028 (IN $ MILLION)

FIGURE 19: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY HEALTHCARE, 2020-2028 (IN $ MILLION)

FIGURE 20: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY ENERGY & UTILITIES, 2020-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 23: LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 24: BRAZIL TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 25: MEXICO TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

FIGURE 26: REST OF LATIN AMERICA TRANSACTION MONITORING SOFTWARE MARKET 2020-2028 (IN $ MILLION)

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