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시장보고서
AML Update: Moving Toward The ＂Total Mix＂
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Abstract
Mercator Advisory Group is pleased to announce that its update on anti-money
laundering (AML) activity as it affects FI' s and vendors is now available.
This report examines the growing FI-wide approach to AML as well as trends in
compliance enforcement, suspicious activity reporting for 2006 and AML vendor
consolidation. The report focuses in particular on the markets for and
vendors of AML technologies addressing the small and mid-market banking
segments.
AML vendors are divided into three groups: AML Specialists, Product Line
Extenders and PE-backed firms. AML Specialists are pureplay AML providers,
generally small companies who have focused exclusively on serving the
financial crimes market. Product Line Extenders are vendors taking core
expertise and applying it to the AML marketplace. Private Equity backed firms
have used funding ability to acquire both AML components and marketshare.
A dozen vendors are described in the report including ACI, Actimize,
Choicepoint, Experian, Fortent, LexisNexis, Mantas, Metavante, NetEconomy,
Norkom Technologies, SAS and Wolters Kluwer Financial Services.
Highlights of the report include:
- Growth outlook for AML solution vendors is mixed. At the high end of the
market, spending is expected to be in the 5% range over the next three years.
AML spending will increase sharply in the small FI segment with most vendors
forecasting double digit annual growth exceeding 20% through 2010.
- ALM activity and enforcement actions include over $22M in enforcement
fines in 2006 and continued rapid rise in SAR filings of over 21%.
- The AML market is in an active vendor consolidation phase.
- A description of some dozen players in the AML vendor community and how
they position their services is included.
- A look ahead at changes to come including evolution of AML system
functions, the regulatory environment and the impact of vendor consolidation
trends on FI' s and the vendors themselves.
"The continued double digit growth of SAR filings is evidence of AML
initiatives are increasingly successful. Driven by strong regulatory
pressure, AML technologies are getting ready for broader deployment within the
FI and are already moving more deeply into the small FI segment," comments
George Peabody, Research Manager of Mercator Advisory Group' s Debit Advisory
Service. "The market is in an active consolidation phase with implementations
for FI customers, investors and, of course, the companies themselves."
Table of Contents
- Introduction
- Compliance Challenges
- The Total Mix
- AML Fundamentals
- The Briefest History of AML
- The Compliance Hammer
- It Isn' t Going Away
- AML and the Financial Institution
- AML' s Unique Role
- Beyond the Compliance Hammer
- Three Pillars of AML
- Policies and Procedures
- AML Staff
- AML Systems
- AML Performance Metrics
- List Checking and Watch List Management
- The Alphabet Soup of KYC, CDD and EDD
- Transaction Monitoring
- Running a Rules Engine
- Neural Networks
- Case Management
- Market Segmentation
- Vendor Segmentation
- Current AML Market Trends
- Consolidation in the AML space
- Retiring the First Generation
- ASP Delivery
- Whither WLM?
- Adding Business Value through Compliance: The Upside of a Bad Situation
- Vendor Descriptions
- ACI 23
- Actimize
- Choicepoint
- Experian
- Fortent
- LexisNexis
- Mantas
- Metavante
- NetEconomy
- Norkom Technologies
- SAS
- Wolters Kluwer Financial Services
- Looking Ahead
- Growth Forecast
- Consolidation Cycle Continues
- Consolidation Risks
- Bank Consolidation Will Shift the AML Market, too
- Organizational Integration
- Technical Integration: the AML 1.0 to AML 2.0 Transition
- Core Processors as AML Providers
- International Lists at Issue
- Evolving Business Model
- Whither Regulation?
Table of Figures
- Figure 1: SAR Filing Volume for FIs and Money Service BusinessesFigure 2:
SAR Filing Mix
- Figure 2: SAR Filing Mix
- Figure 3: AML' s Role in the FI OrganizationalFigure 4: AML Efficiency is a
Cost and Risk-based Equation
- Figure 4: AML Efficiency is a Cost and Risk-based Equation
- Figure 5: AML System Elements
- Figure 6: AML Market Segmentation by FI Size and Vendor Capabilities
- Figure 7: Vendor Positioning by Market and Service Focus
- Figure 8: Market Consolidation Potential
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