Gartner Research

Assessing Vendors in the Anti-Money-Laundering Application Market

Published: 18 August 2011

ID: G00215763

Analyst(s): Douglas McKibben

Summary

Increased regulatory pressures, and the limitations and rising cost of high-volume transaction scanning, are driving financial services firms to overhaul their anti-money-laundering systems. This scan analyzes the functional requirements and challenges to consider when evaluating AML applications.

Table Of Contents
  • Overview

Analysis

  • Functional Overview
    • KYC and CDD
    • List Filtering
    • Transaction and Account Monitoring
    • Workflow and Case Management
    • Risk Scoring
    • Management and Regulatory Reporting
  • AML Pain Points and Cautions for Vendor Assessment
  • Market Scan of AML Software Vendors for Financial Services
  • Recommendations

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