Please Wait.....
Report
North America Fraud Detection Transaction Monitoring Market
Market Report I 2024-09-01 I 253 Pages I Data Bridge Market Research
North America fraud detection transaction monitoring market is expected to reach USD 33.63 billion by 2031 from USD 6.53 billion in 2024, growing with a CAGR of 22.9% in the forecast period of 2024 to 2031.
Market Segmentation:
North America 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, and Mexico) - Industry Trends and Forecast To 2031
Overview of North 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 North America 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
- DataVisor, Inc.
- Hawk
- Featurespace Limited
- INETCO Systems Ltd.
- Abra Innovations, Inc.
- Seon Technologies Ltd.
- Feedzai
1 INTRODUCTION 57
1.1 OBJECTIVES OF THE STUDY 57
1.2 MARKET DEFINITION 57
1.3 OVERVIEW OF NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET 57
1.4 CURRENCY AND PRICING 59
1.5 LIMITATIONS 59
1.6 MARKETS COVERED 60
2 MARKET SEGMENTATION 65
2.1 MARKETS COVERED 65
2.2 GEOGRAPHICAL SCOPE 66
2.3 YEARS CONSIDERED FOR THE STUDY 67
2.4 DBMR TRIPOD DATA VALIDATION MODEL 68
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 71
2.6 DBMR MARKET POSITION GRID 72
2.7 VENDOR SHARE ANALYSIS 73
2.8 MULTIVARIATE MODELING 74
2.9 OFFERING TIMELINE CURVE 74
2.10 MARKET APPLICATION COVERAGE GRID 75
2.11 SECONDARY SOURCES 76
2.12 ASSUMPTIONS 76
3 EXECUTIVE SUMMARY 77
4 PREMIUM INSIGHTS 83
4.1 PORTER'S FIVE FORCES 84
4.2 REGULATORY STANDARDS 85
4.3 TECHNOLOGICAL TRENDS 93
4.4 CASE STUDY 97
4.5 PRICING ANALYSIS 100
4.6 VALUE CHAIN FOR NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET 103
5 MARKET OVERVIEW 106
5.1 DRIVERS 108
5.1.1 RISING NEED FOR ROBUST DETECTION SYSTEMS THAT CAN ADAPT TO NEW THREATS 108
5.1.2 INCREASED FOCUS ON IDENTITY VERIFICATION AND AUTHENTICATION 109
5.1.3 GROWING AWARENESS AMONG CONSUMERS ABOUT FRAUD RISKS 110
5.1.4 INCREASING DEMAND FOR REAL-TIME TRANSACTION MONITORING ACROSS BFSI SECTOR 111
5.2 RESTRAINTS 112
5.2.1 HIGH INITIAL INVESTMENT AND ONGOING MAINTENANCE COSTS 112
5.2.2 ENSURING COMPLIANCE WITH CUSTOMER DATA PRIVACY 113
5.3 OPPORTUNITIES 114
5.3.1 UTILIZING AI AND MACHINE LEARNING ALGORITHMS TO ENHANCE ACCURACY 114
5.3.2 COLLABORATING WITH FINTECH COMPANIES AND TECHNOLOGY PROVIDERS 115
5.3.3 STREAMLINING FRAUD DETECTION THROUGH AUTOMATION CAN MINIMIZE LABOR COSTS 116
5.4 CHALLENGES 117
5.4.1 HIGH VOLUME OF TRANSACTIONS INCREASES DETECTION COMPLEXITY 117
5.4.2 DIFFICULTY IN ENSURING REGULATORY ALIGNMENT NORTH GLOBALLY 118
6 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY OFFERING 119
6.1 OVERVIEW 120
6.2 SOLUTION 121
6.3 SERVICES 122
6.3.1 PROFESSIONAL SERVICES 122
6.3.1.1 SUPPORT & MAINTENANCE 123
6.3.1.2 INTEGRATION SERVICES 123
6.3.1.3 CONSULTING SERVICES 123
6.3.1.4 TRAINING & EDUCATION 123
7 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY FUNCTION 124
7.1 OVERVIEW 125
7.2 KYC/CUSTOMER ONBOARDING 126
7.3 CASE MANAGEMENT 127
7.4 WATCH LIST SCREENING 127
7.5 DASHBOARD & REPORTING 128
7.6 OTHERS 128
8 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY DEPLOYMENT MODE 129
8.1 OVERVIEW 130
8.2 CLOUD 131
8.3 ON-PREMISE 132
9 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY ORGANIZATION SIZE 133
9.1 OVERVIEW 134
9.2 LARGE SIZE ORGANIZATIONS 135
9.2.1 CLOUD 136
9.2.2 ON-PREMISE 136
9.3 SMALL AND MEDIUM SIZED ORGANIZATIONS 136
9.3.1 CLOUD 137
9.3.2 ON-PREMISE 137
10 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY APPLICATION 138
10.1 OVERVIEW 139
10.2 PAYMENT FRAUD DETECTION 140
10.3 MONEY LAUNDERING DETECTION 141
10.4 ACCOUNT TAKEOVER PROTECTION 141
10.5 IDENTITY THEFT PREVENTION 142
10.6 OTHERS 142
11 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY VERTICAL 143
11.1 OVERVIEW 144
11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 146
11.2.1 SOLUTION 146
11.2.2 SERVICES 146
11.3 RETAIL 147
11.3.1 SOLUTION 147
11.3.2 SERVICES 147
11.4 IT & TELECOMMUNICATION 148
11.4.1 SOLUTION 148
11.4.2 SERVICES 148
11.5 GOVERNMENT & DEFENSE 149
11.5.1 SOLUTION 149
11.5.2 SERVICES 149
11.6 HEALTHCARE 150
11.6.1 SOLUTION 150
11.6.2 SERVICES 150
11.7 MANUFACTURING 151
11.7.1 SOLUTION 151
11.7.2 SERVICES 151
11.8 ENERGY & UTILITIES 152
11.8.1 SOLUTION 152
11.8.2 SERVICES 152
11.9 OTHERS 153
11.9.1 SOLUTION 153
11.9.2 SERVICES 153
12 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, BY REGION 154
12.1 NORTH AMERICA 156
12.1.1 U.S. 162
12.1.2 CANADA 168
12.1.3 MEXICO 174
13 NORTH AMERICA FRAUD DETECTION TRANSACTION MONITORING MARKET, COMPANY LANDSCAPE 180
13.1 COMPANY SHARE ANALYSIS: NORTH AMERICA
14 SWOT ANALYSIS 181
15 COMPANY PROFILE 182
15.1 AMAZON WEB SERVICES, INC. 182
15.1.1 COMPANY SNAPSHOT 182
15.1.2 REVENUE ANALYSIS 183
15.1.3 COMPANY SHARE ANALYSIS 183
15.1.4 SERVICE PORTFOLIO 184
15.1.5 RECENT DEVELOPMENTS 185
15.2 LEXISNEXIS (SUBSIDIARY OF REED ELSEVIER) 186
15.2.1 COMPANY SNAPSHOT 186
15.2.2 COMPANY SHARE ANALYSIS 186
15.2.3 SOLUTION PORTFOLIO 187
15.2.4 RECENT DEVELOPMENTS 188
15.3 MASTERCARD 189
15.3.1 COMPANY SNAPSHOT 189
15.3.2 REVENUE ANALYSIS 189
15.3.3 COMPANY SHARE ANALYSIS 190
15.3.4 SOLUTION PORTFOLIO 190
15.3.5 RECENT DEVELOPMENTS 191
15.4 TATA CONSULTANCY SERVICES LIMITED 192
15.4.1 COMPANY SNAPSHOT 192
15.4.2 REVENUE ANALYSIS 192
15.4.3 COMPANY SHARE ANALYSIS 193
15.4.4 SOLUTION PORTFOLIO 193
15.4.5 RECENT DEVELOPMENTS 194
15.5 FISERV, INC. 195
15.5.1 COMPANY SNAPSHOT 195
15.5.2 REVENUE ANALYSIS 196
15.5.3 COMPANY SHARE ANALYSIS 196
15.5.4 SOLUTION PORTFOLIO 197
15.5.5 RECENT DEVELOPMENTS 197
15.6 ABRA INNOVATIONS, INC 199
15.6.1 COMPANY SNAPSHOT 199
15.6.2 PRODUCT PORTFOLIO 199
15.6.3 RECENT DEVELOPMENTS 200
15.7 ACI WORLDWIDE 201
15.7.1 COMPANY SNAPSHOT 201
15.7.2 REVENUE ANALYSIS 202
15.7.3 SOLUTION PORTFOLIO 202
15.7.4 RECENT DEVELOPMENTS 203
15.8 DATAVISOR, INC. 205
15.8.1 COMPANY SNAPSHOT 205
15.8.2 SOLUTION PORTFOLIO 205
15.8.3 RECENT DEVELOPMENTS 206
15.9 FEATURESPACE LIMITED 209
15.9.1 COMPANY SNAPSHOT 209
15.9.2 SOLUTION PORTFOLIO 209
15.9.3 RECENT DEVELOPMENTS 210
15.10 FEEDZAI 212
15.10.1 COMPANY SNAPSHOT 212
15.10.2 SOLUTION PORTFOLIO 212
15.10.3 RECENT DEVELOPMENTS 213
15.11 FICO 215
15.11.1 COMPANY SNAPSHOT 215
15.11.2 REVENUE ANALYSIS 215
15.11.3 SOLUTION PORTFOLIO 216
15.11.4 RECENT DEVELOPMENT 216
15.12 GB GROUP PLC ('GBG') 217
15.12.1 COMPANY SNAPSHOT 217
15.12.2 REVENUE ANALYSIS 217
15.12.3 PRODUCT PORTFOLIO 218
15.12.4 RECENT DEVELOPMENTS 219
15.13 HAWK 222
15.13.1 COMPANY SNAPSHOT 222
15.13.2 PRODUCT PORTFOLIO 222
15.13.3 RECENT DEVELOPMENTS 223
15.14 INETCO SYSTEMS LTD. 224
15.14.1 COMPANY SNAPSHOT 224
15.14.2 PRODUCT PORTFOLIO 224
15.14.3 RECENT DEVELOPMENTS 225
15.15 INFORM SOFTWARE 226
15.15.1 COMPANY SNAPSHOT 226
15.15.2 SOLUTION PORTFOLIO 226
15.15.3 RECENT DEVELOPMENTS 227
15.16 NICE 228
15.16.1 COMPANY SNAPSHOT 228
15.16.2 SOLUTION PORTFOLIO 228
15.16.3 RECENT DEVELOPMENTS 229
15.17 ORACLE 230
15.17.1 COMPANY SNAPSHOT 230
15.17.2 REVENUE ANALYSIS 230
15.17.3 SERVICE CATEGORY 231
15.17.4 RECENT DEVELOPMENTS 231
15.18 QUANTEXA 233
15.18.1 COMPANY SNAPSHOT 233
15.18.2 SOLUTION PORTFOLIO 233
15.18.3 RECENT DEVELOPMENTS 234
15.19 SANCTION SCANNER 235
15.19.1 COMPANY SNAPSHOT 235
15.19.2 PRODUCT PORTFOLIO 235
15.19.3 RECENT DEVELOPMENTS 236
15.20 SAS INSTITUTE INC 237
15.20.1 COMPANY SNAPSHOT 237
15.20.2 SOLUTION PORTFOLIO 237
15.20.3 RECENT DEVELOPMENT 238
15.21 SEON TECHNOLOGIES LTD. 239
15.21.1 COMPANY SNAPSHOT 239
15.21.2 PRODUCT PORTFOLIO 239
15.21.3 RECENT DEVELOPMENTS 240
15.22 SUM AND SUBSTANCE LTD (UK) 241
15.22.1 COMPANY SNAPSHOT 241
15.22.2 SOLUTION PORTFOLIO 241
15.22.3 RECENT DEVELOPMENTS 242
15.23 SYMPHONYAI 243
15.23.1 COMPANY SNAPSHOT 243
15.23.2 SOLUTION PORTFOLIO 243
15.23.3 RECENT DEVELOPMENTS 244
15.24 UBIQUITY 245
15.24.1 COMPANY SNAPSHOT 245
15.24.2 REVENUE ANALYSIS 245
15.24.3 SOLUTION PORTFOLIO 246
15.24.4 RECENT DEVELOPMENT 246
15.25 VERAFIN SOLUTIONS ULC (SUBSIDIARY OF NASDAQ INC.) 247
15.25.1 COMPANY SNAPSHOT 247
15.25.2 SOLUTION PORTFOLIO 247
15.25.3 RECENT DEVELOPMENTS 249
16 QUESTIONNAIRE 250
17 RELATED REPORTS 253
- 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