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Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
A new MarketandMarkets report says that the transaction market may grow twofold to 16.8 billion USD by 2023 from existing 8.3 billion USD. Major factors that will contribute to this growth include increased need for KYC compliance, proactive risk alerts provided by advanced analytics, etc. However, the market growth may face challenges due to the lack of enough risk analysis professionals, and cross-border and multi-jurisdictional red tape, etc. it said.
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