Objective and Scope:
The client, a global provider of compliance and payment solutions for the financial services sector, wanted Benori to conduct a market intelligence study to seek information on the following:
- Country-wise market size estimation of anti-money laundering (AML) software, fraud prevention, and payment messaging solutions in Europe
- Competitor analysis of leading firms in the region, their country market share, business model, offerings, product pricing, clients in the financial sector, innovation strategy, and revenue
- Top five market trends in AML, fraud prevention, and payment messaging solutions, by region and by country
Approach:
The study was conducted on three parameters: AML software, fraud detection and prevention, and payment messaging solutions. These were further analyzed at the regional level, covering 12 European countries. A data model was prepared to estimate segment sizes. Competitor analysis was conducted to gain insights into global market shares, product pricing, revenue/business models, and innovation strategies.
Impact:
Our research helped the client in:
- Gaining an understanding of the market size, competitive insights, and regional analysis on AML software, fraud detection and prevention, and payment messaging solutions
- Country-wise insights on the segments and competitive intelligence in target market areas, primarily within AML, financial crime compliance, and payment messaging solution areas
