Connect with us

Technology

Global Transaction Monitoring Market Outlook Report to 2028: A Forecasted $36.35 Billion Market by 2028, with CAGR of 16%

Published

2 years ago

on

DUBLIN, March 6, 2024 /PRNewswire/ — The “Global Transaction Monitoring Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis” report has been added to  ResearchAndMarkets.com’s offering.

The Global Transaction Monitoring Market estimated at USD 17.25 Billion in 2023, is expected to reach USD 36.35 Billion by 2028 growing at a CAGR of 16.07%.

Transaction monitoring is the management, inspection, and analysis of a completed transaction on a business application or information system. Businesses employ transaction monitoring to manage a variety of client interactions successfully and efficiently. To comply with various AML and counter-terrorist funding (CTF) requirements, transaction monitoring data is largely utilized to submit Suspicious Activity Reports (SARs) and other reporting obligations. The world’s financial regulators are starting to make transaction monitoring a requirement under the law. Large amounts of transactional data must be analyzed in real-time or very soon after they are collected using cutting-edge technology and analytical tools.

The market is being driven by the increase in demand for data protection laws and the dearth of expensive security solutions for payment network integration. The demand that businesses manage their money laundering and counter-terrorist financing (CTF) operations as well as KYC compliance will support the market’s upward expansion.

Lack of technological know-how, lack of awareness, and a lack of expert knowledge will restrain the market. This is especially true in underdeveloped economies. Payment monitoring systems can be very beneficial for businesses, but these systems require knowledgeable, skilled staff who have relevant experience in logical and analytical thinking as well as financial domain knowledge. Currently, there is a shortage of experts in solution development, including statisticians, ethical hackers, data analysts, and data scientists. The biggest challenge that companies in the transaction monitoring market industry face is the development of more sophisticated technologies that are easier for users who aren’t IT or business analytics experts to use. Making a less complex system might lead to issues because an effective system requires that the end users have a solid understanding of the product.

However, the market has an opportunity due to integration of advance technology such AI, machine learning and big data. Machine learning and artificial intelligence will ultimately be beneficial for the market. Such cutting-edge technologies provide a higher level of security and protect the user’s sensitive information. Advanced analytics provides protection and safety against preventative hazards; as a result, this will boost the reputation of transaction monitoring technology internationally. Processes for transaction monitoring and screening perform better because of technological advancements.

Market Segmentations

The Global Transaction Monitoring Market is segmented based on Component, Deployment Mode, Organization Size, Function, Application, Industry, and Geography.

By Component, the market is classified into Solution and Services. The Service Segment is anticipated to grow at fastest CAGR the market. The segment is further categorized into two categories namely, Professional Services and Managed Services. The growth is due to the increasing demand for outsourcing transaction monitoring activities.By Deployment Mode, the market is classified into On-Premises and Cloud Based. The cloud deployment model is the one that is expanding at the fastest rate in the Transaction Monitoring Industry. Small and medium-sized businesses (SMEs) have embraced the cloud deployment strategy since it allows them to focus on their core competencies rather than incurring costs for network infrastructure. Businesses can save money by using a cloud-based transaction monitoring service instead of purchasing hardware, software, storage, and technical staff. Because thieves commonly target financial transactions, their security is of the utmost importance.By Organization Size, the market is classified into Large Enterprises and Small & medium enterprises (SMEs). The SMEs category is anticipated to grow at a higher CAGR during the projected period due to the expanding data protection regulations and lack of expensive security solutions inside the payment network infrastructure. Despite their small size, SMEs service a vast array of customers worldwide. Small and medium-sized businesses (SMEs) rarely invest in a strong and all-encompassing transaction monitoring system.By Function, the market is classified into Case Management, KYC/Customer Onboarding, Dashboard & Reporting, and Watch List Screening. The KYC/Customer Onboarding segment is expected to hold a significant share of the market. The increasing need for compliance with regulatory requirements and the rise in fraudulent activities have led to the adoption of KYC/Customer Onboarding solutions, which has fueled the growth of this segment.By Application, the market is classified into Anti-Money Laundering, Customer Identity Management, and Fraud Detection and Prevention. The Fraud Detection and Prevention holds the largest market share and as the highest CAGR. By spotting and preventing fraudulent transactions before they are processed, it helps to lower financial losses. It increases consumer confidence and aids businesses in identifying new dangers and patterns of fraud. Businesses may keep ahead of potential fraudsters and modify their prevention efforts as needed by studying transaction data and spotting patterns.By Industry, the market is classified into BFSI, Government & Defense, Retail, IT & Telecom, Healthcare, Energy & utilities, Manufacturing, and Others.The BFSI sector is likely to account for a considerable portion of the global transaction monitoring market share. To maintain compliance with legal requirements relating to anti-money laundering (AML) and counter-terrorist financing, it is one of the industries that significantly rely on transaction monitoring (CTF). Higher-risk transactions are given priority for review in BFSI institutions that monitor transactions using a risk-based methodology. This entails determining the risk levels of a consumer based on details about their business, geography, previous transactions, and the products or services they use. It adheres to legislative regulations.By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.Americas is flourishing its dominance in the global transaction monitoring market due to factors such as the government’s increased attention on maintaining and repairing civil infrastructure, the ageing infrastructure, and the growing requirement to manage KYC compliance. Also, there is a large-scale implementation of advanced analytics to protect the safety and security of important documents against proactive hazards. This is because the majority of international e-commerce transactions currently take place in the United States and the rest of the American region. The United States of America, which currently accounts for the majority of global e-commerce transactions, is the reason for this since it is in the Americans region.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies’ recent development and competitive scenario. Some of the companies covered in this report are ACI Worldwide, ACTICO, BAE Systems, Beam Solutions, Experian, Fair Isaac Fidelity National Information Services, Fiserv, etc

Report Highlights:

A complete analysis of the market, including the parent industryImportant market dynamics and trendsImpact Analysis – a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.Market segmentationCompetitive Analysis: Comparative analysis of competitorHistorical, current, and projected size of the market based on value and volumeMarket size of the US statesMarket shares and strategies of key playersRecommendations to companies for strengthening their foothold in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook

4 Market Dynamics
4.1 Impact Analysis
4.2 Drivers
4.2.1 Need to Mitigate Money Laundering, Managing KYC Compliance and CTF Activities
4.2.2 Increasing Need for Organizations to Comply with Stringent Regulatory Agreements
4.2.3 Utilization of Advance Analytics to Provide Proactive Risk Alerts
4.2.4 Growing Integration of Advance Technology such AI, Machine Learning and Big Data
4.3 Restraints
4.3.1 Lack of Risk Analysis Professional
4.4 Opportunities
4.4.1 Increase in the Deployment of Digital Transactions
4.4.2 Increasing Demand from Non-Banking Financial Institutions
4.4.3 Increasing Digitalization in Payment Transaction Process
4.5 Challenges
4.5.1 Complications in Managing Cross-Border and Multi-Jurisdictional AML Compliance

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 PESTEL Analysis
5.4 Impact of Covid-19
5.5 Ansoff Matrix Analysis

6 Global Transaction Monitoring Market, By Component
6.1 Introduction
6.2 Solution
6.3 Services
6.3.1 Professional Services
6.3.2 Managed Services

7 Global Transaction Monitoring Market, By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.3 Cloud Based

8 Global Transaction Monitoring Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small & Medium Enterprises (SMEs)

9 Global Transaction Monitoring Market, By Function
9.1 Introduction
9.2 Case Management
9.3 KYC/Customer Onboarding
9.4 Dashboard & Reporting
9.5 Watch List Screening

10 Global Transaction Monitoring Market, By Application
10.1 Introduction
10.2 Anti-Money Laundering
10.3 Customer Identity Management
10.4 Fraud Detection and Prevention
10.5 Compliance Management

11 Global Transaction Monitoring Market, By Industry Vertical
11.1 Introduction
11.2 BFSI
11.3 Government & Defense
11.4 Retail
11.5 IT & Telecom
11.6 Healthcare
11.7 Energy & Utilities
11.8 Manufacturing
11.9 Others

12 Americas’ Transaction Monitoring Market

13 Europe’s Transaction Monitoring Market

14 Middle East and Africa’s Transaction Monitoring Market

15 APAC’s Transaction Monitoring Market

16 Competitive Landscape

17 Company Profiles

ACI WorldwideACTICOBAE SystemsBeam Solutions, Inc.Bottomline TechnologiesCaseware International, Inc.ComplianceWiseEastnetsExperian PLCFair Isaac Corp.Fidelity National Information ServicesFiserv, Inc.IdentityMind GlobalInfrasoft Technologies Ltd.Nice Ltd.Oracle Corp.Refinitiv Ltd.SAS Institute, Inc.Software AgThomson Reuters

For more information about this report visit https://www.researchandmarkets.com/r/uobmyq

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-transaction-monitoring-market-outlook-report-to-2028-a-forecasted-36-35-billion-market-by-2028–with-cagr-of-16-302081930.html

SOURCE Research and Markets

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

IdentityIQ Expands Access to Identity Protection and Financial Wellness Tools with New Spanish-Language Experience

Published

6 minutes ago

on

September 1, 2026

By

New Spanish-language version brings identity protection, credit monitoring and financial health resources to more than 41 million Spanish-dominant speakers in the U.S.

TEMECULA, Calif., Sept. 1, 2026 /PRNewswire/ — IdentityIQ, a leading provider of identity theft protection, credit monitoring and financial wellness solutions, today announced the launch of new plans now in Spanish, expanding access to comprehensive identity and credit protection to more than 41 million Spanish-dominant speakers in the United States.

The new Spanish-language experience gives consumers the ability to enroll, access their member dashboard and manage their financial health entirely in Spanish. The launch also supports B2B partners serving Spanish-speaking customers with a localized partner experience.

“Financial protection shouldn’t depend on language,” said Rick Eggleton, chief revenue officer for IDIQ, which operates the IdentityIQ brand. “Our Spanish-language offering gives millions of consumers greater access to the tools they need to protect their identity, credit and financial health.”

The Spanish-language plans include IdentityIQ’s most comprehensive suite of identity protection and financial wellness tools, including credit monitoring, dark web monitoring, identity theft alerts, credit score tracking, optional rent and utility payment reporting, credit education and other financial health resources.

The launch addresses a significant gap in the financial services marketplace, where language barriers can limit access to tools that help consumers monitor their credit, detect potential identity theft and build stronger financial profiles.

“This is more than translating a product,” Eggleton said. “It’s about making identity protection and financial wellness easier to understand, easier to access and more relevant to Spanish-speaking consumers.”

The launch reflects IdentityIQ’s broader commitment to making identity protection and financial wellness more accessible to underserved communities. By offering its core services in Spanish, IdentityIQ is helping remove language barriers that can make it more difficult for consumers to understand and actively manage their credit and financial health.

The Spanish-language launch also expands opportunities for IdentityIQ’s B2B partners to provide identity protection and financial wellness benefits to Spanish-speaking customers and employees.

“Everyone should have the opportunity to understand and take control of their financial wellness,” Eggleton said. “Expanding our premium plan in Spanish is an important step toward making that possible for millions of consumers.”

For more information on IdentityIQ’s Spanish-language plans and its comprehensive identity protection, credit monitoring and financial wellness solutions, visit https://www.identityiq.com.

About IdentityIQ

IdentityIQ®, offered by IDIQ®, is a leading provider of identity theft protection, credit monitoring and financial wellness solutions. IdentityIQ helps consumers monitor and protect their identities, credit and personal information through comprehensive monitoring, alerts and recovery support services.

View original content:https://www.prnewswire.com/news-releases/identityiq-expands-access-to-identity-protection-and-financial-wellness-tools-with-new-spanish-language-experience-302866626.html

SOURCE IDIQ

Continue Reading

Technology

BKF Appoints Andrew Esposito Chief Financial Officer

Published

6 minutes ago

on

September 1, 2026

By

People-focused AEC industry veteran appointed to support strategic growth

OAKLAND, Calif., Sept. 1, 2026 /PRNewswire/ — BKF, the premier AEC firm in the Western United States, today announced the appointment of Andrew Esposito as Chief Financial Officer, a strategic addition to its executive leadership team as the firm continues to invest in growth, expand its market presence, and pursue new opportunities across the region.

A proven financial and operational leader, Esposito brings extensive experience guiding organizations through periods of expansion while maintaining a strong focus on culture, performance, and long-term value creation. As CFO, Esposito will lead BKF’s financial strategy and operations, helping position the firm for its next chapter of growth while supporting the company’s commitment to employees, clients, and strategic partners.

“Andrew brings a rare combination of financial acumen, operational insight, and people-centered leadership to BKF,” said CEO Darren Riegler. “He understands that the most successful organizations are built on a foundation of trust, shared values, and disciplined growth. His experience and perspective will help us continue expanding our impact, strengthening our partnerships, and creating long-term value for our people and our partners.”

Most recently, Esposito served as CFO at WSP USA, where he had end-to-end responsibility for the finance operations of an approximately $8 billion business. During his tenure, he helped scale the finance organization through a threefold increase in revenue and headcount. He also played a senior role in more than a dozen acquisitions and carve-outs totaling approximately $5 billion in transaction value.

“Strong financial performance and strong organizations are built together,” said Esposito. “From the beginning, I was drawn to BKF’s culture, energy, and strong sense of purpose, as well as its reputation for innovation, client focus, and sustained growth. I’m excited to work alongside the leadership team to build on that momentum, support the firm’s long-term success, and help advance our shared vision of becoming the preeminent infrastructure firm in the Western U.S.”

The appointment comes as BKF continues to execute its growth strategy, building on the successful merger with MNS and acquisition of Lotus Water to expand its capabilities and deliver greater value across the full project lifecycle.

About BKF

For more than 110 years, BKF has partnered with public and private clients to plan, design, and deliver infrastructure projects that strengthens communities throughout the Western United States. With more than 800 people across 20 offices, BKF provides planning, engineering, surveying, program and construction management, and consulting services for transportation, water, government, and land development projects.

Our mission is simple: Do great work, grow a thriving business, and delight our clients. We believe great infrastructure starts with strong relationships, collaboration, and a shared vision for building a better future. Together with our clients, BKF tackles the region’s most complex challenges and creates lasting impact in the communities where we work.

For more information, visit bkf.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/bkf-appoints-andrew-esposito-chief-financial-officer-302866631.html

SOURCE BKF

Continue Reading

Technology

The World Is Invited: Edison Awards Opens Nominations for Its 40th Anniversary Year

Published

6 minutes ago

on

September 1, 2026

By

A Global Icon of Innovation Marks Four Decades — And Calls On Innovators Everywhere to Step Forward

FORT MYERS, Fla., Sept. 1, 2026 /PRNewswire-PRWeb/ — Forty years ago, a handful of bold ideas changed how the world lives, works, and moves. Today, the Edison Awards, one of the world’s most recognized names in innovation, throws open its doors for its landmark 40th anniversary, inviting innovators, entrepreneurs, and enterprises on every continent to put their breakthroughs on the world stage.

“We are seeing extraordinary innovation emerge from every region of the world, and our 40th year is a chance to recognize just how far this global community of innovators has brought us and how much further we’ll go together,” said Frank Bonafilia, CEO of the Edison Awards.

Starting September 1, 2026, nominations open for the 2027 Edison Best New Product Awards™. Whether it’s a five-person startup team working out of a garage or a Fortune 500 R&D powerhouse, the invitation is the same: bring the innovation you’re proudest of and let the world see it. Nominations close December 15, 2026, with winners revealed in March 2027.

“Forty years ago, the Edison Awards set out to celebrate the innovators bold enough to reimagine what’s possible and that mission has only grown more urgent, and more global, with every passing year,” said Frank Bonafilia, CEO of the Edison Awards. “This anniversary year is shaping up to be our most exciting yet. We are seeing extraordinary innovation emerge from every region of the world, and our 40th year is a chance to recognize just how far this global community of innovators has brought us and how much further we’ll go together.”

Four Decades of Naming What’s Next

Since 1987, the Edison Awards has celebrated the products and ideas that went on to define entire industries in health, sustainability, mobility, and technology. Forty years in, the program isn’t slowing down: it’s expanding, honoring nominees from startups to global enterprises, from every corner of the map.

Two New Awards Built for a Global Stage

Two new honors join the program: The Global Excellence Award, for the best innovation across five regions North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific and The Innovation at Scale Award, honoring standout innovation from Startup/Emerging (under 10 employees) to Global Enterprise (5,000+ employees).

2027 Award Categories

Commercial Technology, Consumer Solutions, Critical Human Infrastructure, Cultural Impact & Education, Energy & Climate Resiliency, Engineering & Robotics, Health, Medical & Biotech, Lifestyle, Entertainment & Design, Manufacturing & Logistics, Materials Science, Public Safety, Security & Digital Integrity, Software Solutions, Transportation, Aerospace & Flight, and Water, Food & Agriculture.

The Call Is Open — Here’s How to Answer It

Early Bird: September 1 – October 15, 2026. General: October 16 – December 15, 2026.

Eligible products launched January 2025–January 2027, judged on Concept, Value, and Impact.

Be counted among them. Submit your nomination at www.edisonawards.com.

About The Edison Awards: Established in 1987, the Edison Best New Product Awards™ honor excellence in product and service innovation transforming how we live, work, and play. Inspired by Thomas Edison’s legacy, the program recognizes game-changing solutions worldwide, offering global recognition, credibility, and connections that drive growth.

Media Contact

Frank Bonafilia, Edison Awards, 1 7732305744, fbonafilia@edisonawards.com, https://edisonawards.com/

View original content:https://www.prweb.com/releases/the-world-is-invited-edison-awards-opens-nominations-for-its-40th-anniversary-year-302864733.html

SOURCE Edison Awards

Continue Reading

Trending