Please Wait.....
Report
Global Fraud Detection Transaction Monitoring Market
Market Report I 2024-09-01 I 525 Pages I Data Bridge Market Research
Global fraud detection transaction monitoring market is expected to reach USD 81.91 billion by 2031 from USD 17.01 billion in 2024, growing with a CAGR of 21.8% in the forecast period of 2024 to 2031.
Market Segmentation:
Global Fraud Detection Transaction Monitoring Market, By Offering (Solution and Services), Function (KYC/Customer Onboarding, Case Management, Watch List Screening, Dashboard & Reporting, and Others), Deployment (On-Premise and Cloud), Organization Size (Large size organizations and Small & Medium Sized Organization), Application (Payment Fraud Detection, Money Laundering Detection, Account Takeover Protection, Identity Theft Prevention, and Others), Vertical (Banking, Financial Services, & Insurance (BFSI), Retail, IT & Telecommunication, Government & Defense, Healthcare, Manufacturing, Energy & Utilities, and Others), Countries (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Norway, Finland, Denmark, Sweden, Poland, rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, U.A.E, Saudi Arabia, South Africa, Egypt, Israel, Bahrain, Oman, Qatar, Kuwait, rest of Middle East and Africa, Brazil, Argentina, and rest of South America) - Industry Trends and Forecast To 2031
Overview of Global Fraud Detection Transaction Monitoring Market Dynamics:
Driver
- Rising need for robust detection systems that can adapt to new threats
Restraint
- High initial investment and ongoing maintenance costs
Opportunity
- Collaborating with fintech companies and technology providers
Market Players:
The key market players operating in the global fraud detection transaction monitoring market are listed below:
- Amazon Web Services, Inc.
- LexisNexis (Subsidiary of Reed Elsevier)
- Mastercard
- TATA Consultancy Services Limited
- Fiserv, Inc.
- SAS Institute Inc.
- ACI Worldwide
- Oracle
- NICE
- FICO
- SymphonyAI
- UBIQUITY
- Verafin Solutions ULC (Subsidiary of Nasdaq Inc.)
- GB Group plc ('GBG')
- INFORM SOFTWARE
- Quantexa
- Sum and Substance Ltd
- DataVisor, Inc.
- Hawk
- Featurespace Limited
- INETCO Systems Ltd.
- Abra Innovations, Inc.
- Seon Technologies Ltd.
- Feedzai
- Sanction Scanner
1 INTRODUCTION 58
1.1 OBJECTIVES OF THE STUDY 58
1.2 MARKET DEFINITION 58
1.3 OVERVIEW OF GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET 58
1.4 CURRENCY AND PRICING 60
1.5 LIMITATIONS 60
1.6 MARKETS COVERED 61
2 MARKET SEGMENTATION 66
2.1 MARKETS COVERED 66
2.2 GEOGRAPHICAL SCOPE 67
2.3 YEARS CONSIDERED FOR THE STUDY 68
2.4 DBMR TRIPOD DATA VALIDATION MODEL 69
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 72
2.6 DBMR MARKET POSITION GRID 73
2.7 VENDOR SHARE ANALYSIS 74
2.8 MULTIVARIATE MODELING 75
2.9 OFFERING TIMELINE CURVE 75
2.10 MARKET APPLICATION COVERAGE GRID 76
2.11 SECONDARY SOURCES 77
2.12 ASSUMPTIONS 77
3 EXECUTIVE SUMMARY 78
4 PREMIUM INSIGHTS 84
4.1 PORTER'S FIVE FORCES 87
4.2 REGULATORY STANDARDS 88
4.3 TECHNOLOGICAL TRENDS 96
4.4 CASE STUDY 100
4.5 PRICING ANALYSIS 103
4.6 VALUE CHAIN FOR GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET 106
5 MARKET OVERVIEW 109
5.1 DRIVERS 111
5.1.1 RISING NEED FOR ROBUST DETECTION SYSTEMS THAT CAN ADAPT TO NEW THREATS 111
5.1.2 INCREASED FOCUS ON IDENTITY VERIFICATION AND AUTHENTICATION 112
5.1.3 GROWING AWARENESS AMONG CONSUMERS ABOUT FRAUD RISKS 113
5.1.4 INCREASING DEMAND FOR REAL-TIME TRANSACTION MONITORING ACROSS BFSI SECTOR 114
5.2 RESTRAINTS 115
5.2.1 HIGH INITIAL INVESTMENT AND ONGOING MAINTENANCE COSTS 115
5.2.2 ENSURING COMPLIANCE WITH CUSTOMER DATA PRIVACY 116
5.3 OPPORTUNITIES 117
5.3.1 UTILIZING AI AND MACHINE LEARNING ALGORITHMS TO ENHANCE ACCURACY 117
5.3.2 COLLABORATING WITH FINTECH COMPANIES AND TECHNOLOGY PROVIDERS 118
5.3.3 STREAMLINING FRAUD DETECTION THROUGH AUTOMATION CAN MINIMIZE LABOR COSTS 119
5.4 CHALLENGES 120
5.4.1 HIGH VOLUME OF TRANSACTIONS INCREASES DETECTION COMPLEXITY 120
5.4.2 DIFFICULTY IN ENSURING REGULATORY ALIGNMENT GLOBALLY 121
6 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY OFFERING 122
6.1 OVERVIEW 123
6.2 SOLUTION 124
6.3 SERVICES 125
6.3.1 PROFESSIONAL SERVICES 125
6.3.1.1 SUPPORT & MAINTENANCE 126
6.3.1.2 INTEGRATION SERVICES 126
6.3.1.3 CONSULTING SERVICES 126
6.3.1.4 TRAINING & EDUCATION 126
7 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY FUNCTION 127
7.1 OVERVIEW 128
7.2 KYC/CUSTOMER ONBOARDING 129
7.3 CASE MANAGEMENT 130
7.4 WATCH LIST SCREENING 130
7.5 DASHBOARD & REPORTING 131
7.6 OTHERS 131
8 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY DEPLOYMENT MODE 132
8.1 OVERVIEW 133
8.2 CLOUD 134
8.3 ON-PREMISE 135
9 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY ORGANIZATION SIZE 136
9.1 OVERVIEW 137
9.2 LARGE SIZE ORGANIZATIONS 138
9.2.1 CLOUD 139
9.2.2 ON-PREMISE 139
9.3 SMALL AND MEDIUM SIZED ORGANIZATIONS 139
9.3.1 CLOUD 140
9.3.2 ON-PREMISE 140
10 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY APPLICATION 141
10.1 OVERVIEW 142
10.2 PAYMENT FRAUD DETECTION 143
10.3 MONEY LAUNDERING DETECTION 144
10.4 ACCOUNT TAKEOVER PROTECTION 144
10.5 IDENTITY THEFT PREVENTION 145
10.6 OTHERS 145
11 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY VERTICAL 146
11.1 OVERVIEW 147
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 149
11.2.1 SOLUTION 149
11.2.2 SERVICES 149
11.3 RETAIL 150
11.3.1 SOLUTION 150
11.3.2 SERVICES 150
11.4 IT & TELECOMMUNICATION 151
11.4.1 SOLUTION 151
11.4.2 SERVICES 151
11.5 GOVERNMENT & DEFENSE 152
11.5.1 SOLUTION 152
11.5.2 SERVICES 152
11.6 HEALTHCARE 153
11.6.1 SOLUTION 153
11.6.2 SERVICES 153
11.7 MANUFACTURING 154
11.7.1 SOLUTION 154
11.7.2 SERVICES 154
11.8 ENERGY & UTILITIES 155
11.8.1 SOLUTION 155
11.8.2 SERVICES 155
11.9 OTHERS 156
11.9.1 SOLUTION 156
11.9.2 SERVICES 156
12 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, BY REGION 157
12.1 OVERVIEW 158
12.2 NORTH AMERICA 161
12.2.1 U.S. 167
12.2.2 CANADA 173
12.2.3 MEXICO 179
12.3 EUROPE 185
12.3.1 GERMANY 192
12.3.2 U.K. 198
12.3.3 FRANCE 204
12.3.4 ITALY 210
12.3.5 SPAIN 216
12.3.6 RUSSIA 222
12.3.7 TURKEY 228
12.3.8 NETHERLANDS 234
12.3.9 NORWAY 240
12.3.10 FINLAND 246
12.3.11 DENMARK 252
12.3.12 SWEDEN 258
12.3.13 POLAND 264
12.3.14 SWITZERLAND 270
12.3.15 BELGIUM 276
12.3.16 REST OF EUROPE 282
12.4 ASIA-PACIFIC 283
12.4.1 CHINA 290
12.4.2 JAPAN 296
12.4.3 INDIA 302
12.4.4 SOUTH KOREA 308
12.4.5 AUSTRALIA 314
12.4.6 NEW ZEALAND 320
12.4.7 INDONESIA 326
12.4.8 THAILAND 332
12.4.9 MALAYSIA 338
12.4.10 SINGAPORE 344
12.4.11 PHILIPPINES 350
12.4.12 TAIWAN 356
12.4.13 VIETNAM 362
12.4.14 REST OF ASIA PACIFIC 368
?
12.5 MIDDLE EAST & AFRICA 369
12.5.1 U.A.E. 375
12.5.2 SAUDI ARABIA 381
12.5.3 SOUTH AFRICA 387
12.5.4 EGYPT 393
12.5.5 ISRAEL 399
12.5.6 OMAN 405
12.5.7 BAHRAIN 411
12.5.8 KUWAIT 417
12.5.9 QATAR 423
12.5.10 REST OF MIDDLE EAST AND AFRICA 429
12.6 SOUTH AMERICA 430
12.6.1 BRAZIL 436
12.6.2 ARGENTINA 442
12.6.3 REST OF SOUTH AMERICA 448
13 GLOBAL FRAUD DETECTION TRANSACTION MONITORING MARKET, COMPANY LANDSCAPE 449
13.1 COMPANY SHARE ANALYSIS: GLOBAL 449
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 450
13.3 COMPANY SHARE ANALYSIS: EUROPE 451
13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 452
14 SWOT ANALYSIS 453
15 COMPANY PROFILE 454
15.1 AMAZON WEB SERVICES, INC. 454
15.1.1 COMPANY SNAPSHOT 454
15.1.2 REVENUE ANALYSIS 455
15.1.3 COMPANY SHARE ANALYSIS 455
15.1.4 SERVICE PORTFOLIO 456
15.1.5 RECENT DEVELOPMENTS 457
15.2 LEXISNEXIS (SUBSIDIARY OF REED ELSEVIER) 458
15.2.1 COMPANY SNAPSHOT 458
15.2.2 COMPANY SHARE ANALYSIS 458
15.2.3 SOLUTION PORTFOLIO 459
15.2.4 RECENT DEVELOPMENTS 460
15.3 MASTERCARD 461
15.3.1 COMPANY SNAPSHOT 461
15.3.2 REVENUE ANALYSIS 461
15.3.3 COMPANY SHARE ANALYSIS 462
15.3.4 SOLUTION PORTFOLIO 462
15.3.5 RECENT DEVELOPMENTS 463
15.4 TATA CONSULTANCY SERVICES LIMITED 464
15.4.1 COMPANY SNAPSHOT 464
15.4.2 REVENUE ANALYSIS 464
15.4.3 COMPANY SHARE ANALYSIS 465
15.4.4 SOLUTION PORTFOLIO 465
15.4.5 RECENT DEVELOPMENTS 466
15.5 FISERV, INC. 467
15.5.1 COMPANY SNAPSHOT 467
15.5.2 REVENUE ANALYSIS 468
15.5.3 COMPANY SHARE ANALYSIS 468
15.5.4 SOLUTION PORTFOLIO 469
15.5.5 RECENT DEVELOPMENTS 469
15.6 ABRA INNOVATIONS, INC 471
15.6.1 COMPANY SNAPSHOT 471
15.6.2 PRODUCT PORTFOLIO 471
15.6.3 RECENT DEVELOPMENTS 472
15.7 ACI WORLDWIDE 473
15.7.1 COMPANY SNAPSHOT 473
15.7.2 REVENUE ANALYSIS 474
15.7.3 SOLUTION PORTFOLIO 474
15.7.4 RECENT DEVELOPMENTS 475
15.8 DATAVISOR, INC. 477
15.8.1 COMPANY SNAPSHOT 477
15.8.2 SOLUTION PORTFOLIO 477
15.8.3 RECENT DEVELOPMENTS 478
15.9 FEATURESPACE LIMITED 481
15.9.1 COMPANY SNAPSHOT 481
15.9.2 SOLUTION PORTFOLIO 481
15.9.3 RECENT DEVELOPMENTS 482
15.10 FEEDZAI 484
15.10.1 COMPANY SNAPSHOT 484
15.10.2 SOLUTION PORTFOLIO 484
15.10.3 RECENT DEVELOPMENTS 485
15.11 FICO 487
15.11.1 COMPANY SNAPSHOT 487
15.11.2 REVENUE ANALYSIS 487
15.11.3 SOLUTION PORTFOLIO 488
15.11.4 RECENT DEVELOPMENT 488
15.12 GB GROUP PLC ('GBG') 489
15.12.1 COMPANY SNAPSHOT 489
15.12.2 REVENUE ANALYSIS 489
15.12.3 PRODUCT PORTFOLIO 490
15.12.4 RECENT DEVELOPMENTS 491
15.13 HAWK 494
15.13.1 COMPANY SNAPSHOT 494
15.13.2 PRODUCT PORTFOLIO 494
15.13.3 RECENT DEVELOPMENTS 495
15.14 INETCO SYSTEMS LTD. 496
15.14.1 COMPANY SNAPSHOT 496
15.14.2 PRODUCT PORTFOLIO 496
15.14.3 RECENT DEVELOPMENTS 497
15.15 INFORM SOFTWARE 498
15.15.1 COMPANY SNAPSHOT 498
15.15.2 SOLUTION PORTFOLIO 498
15.15.3 RECENT DEVELOPMENTS 499
15.16 NICE 500
15.16.1 COMPANY SNAPSHOT 500
15.16.2 SOLUTION PORTFOLIO 500
15.16.3 RECENT DEVELOPMENTS 501
15.17 ORACLE 502
15.17.1 COMPANY SNAPSHOT 502
15.17.2 REVENUE ANALYSIS 502
15.17.3 SERVICE CATEGORY 503
15.17.4 RECENT DEVELOPMENTS 503
15.18 QUANTEXA 505
15.18.1 COMPANY SNAPSHOT 505
15.18.2 SOLUTION PORTFOLIO 505
15.18.3 RECENT DEVELOPMENTS 506
15.19 SANCTION SCANNER 507
15.19.1 COMPANY SNAPSHOT 507
15.19.2 PRODUCT PORTFOLIO 507
15.19.3 RECENT DEVELOPMENTS 508
15.20 SAS INSTITUTE INC 509
15.20.1 COMPANY SNAPSHOT 509
15.20.2 SOLUTION PORTFOLIO 509
15.20.3 RECENT DEVELOPMENT 510
?
15.21 SEON TECHNOLOGIES LTD. 511
15.21.1 COMPANY SNAPSHOT 511
15.21.2 PRODUCT PORTFOLIO 511
15.21.3 RECENT DEVELOPMENTS 512
15.22 SUM AND SUBSTANCE LTD (UK) 513
15.22.1 COMPANY SNAPSHOT 513
15.22.2 SOLUTION PORTFOLIO 513
15.22.3 RECENT DEVELOPMENTS 514
15.23 SYMPHONYAI 515
15.23.1 COMPANY SNAPSHOT 515
15.23.2 SOLUTION PORTFOLIO 515
15.23.3 RECENT DEVELOPMENTS 516
15.24 UBIQUITY 517
15.24.1 COMPANY SNAPSHOT 517
15.24.2 REVENUE ANALYSIS 517
15.24.3 SOLUTION PORTFOLIO 518
15.24.4 RECENT DEVELOPMENT 518
15.25 VERAFIN SOLUTIONS ULC (SUBSIDIARY OF NASDAQ INC.) 519
15.25.1 COMPANY SNAPSHOT 519
15.25.2 SOLUTION PORTFOLIO 519
15.25.3 RECENT DEVELOPMENTS 521
16 QUESTIONNAIRE 522
17 RELATED REPORTS 525
15.19.3 RECENT DEVELOPMENTS 508
15.20 SAS INSTITUTE INC 509
15.20.1 COMPANY SNAPSHOT 509
15.20.2 SOLUTION PORTFOLIO 509
15.20.3 RECENT DEVELOPMENT 510
?
15.21 SEON TECHNOLOGIES LTD. 511
15.21.1 COMPANY SNAPSHOT 511
15.21.2 PRODUCT PORTFOLIO 511
15.21.3 RECENT DEVELOPMENTS 512
15.22 SUM AND SUBSTANCE LTD (UK) 513
15.22.1 COMPANY SNAPSHOT 513
15.22.2 SOLUTION PORTFOLIO 513
15.22.3 RECENT DEVELOPMENTS 514
15.23 SYMPHONYAI 515
15.23.1 COMPANY SNAPSHOT 515
15.23.2 SOLUTION PORTFOLIO 515
15.23.3 RECENT DEVELOPMENTS 516
15.24 UBIQUITY 517
15.24.1 COMPANY SNAPSHOT 517
15.24.2 REVENUE ANALYSIS 517
15.24.3 SOLUTION PORTFOLIO 518
15.24.4 RECENT DEVELOPMENT 518
15.25 VERAFIN SOLUTIONS ULC (SUBSIDIARY OF NASDAQ INC.) 519
15.25.1 COMPANY SNAPSHOT 519
15.25.2 SOLUTION PORTFOLIO 519
15.25.3 RECENT DEVELOPMENTS 521
16 QUESTIONNAIRE 522
17 RELATED REPORTS 525
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security