AML investment growing rapidly as IDVerse launches fraud prevention tool

y 2028, financial institutions and other sectors will spend 80 percent more on AML systems than the $28.7 billion projected to be spent in 2024, according to Juniper Research's findings in its Global AML Systems Market 2024-2028 report.

This growth  to $51.7 billion is anticipated to be driven by the use of AI to reduce false positives and improve risk assessment. Generative AI, behavioral analytics, and natural language processing are the top three uses of AI in AML, the report …

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