Back to Career News

Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
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.

Image Source

Recommended for you ...

Getepay Onboards Cricketer Virendra Sehwag to Revolutionize Digital Payments
Getepay Onboards Cricketer Virendra Sehwag to Revolutionize Digital Payments

July 17, 2024

Kotak Mahindra Bank Shifts Focus to Physical Branch Expansion
Kotak Mahindra Bank Shifts Focus to Physical Branch Expansion

July 17, 2024

Indian Banks Offer Higher Rates to Attract Savers
Indian Banks Offer Higher Rates to Attract Savers

July 17, 2024

Chat on WhatsApp