Detecting fraud becomes difficult because, on average, 99.85% of credit card transactions handled each day are legitimate. The amount of anomalies found by KYT is maximised, and it can identify fraudulent credit card transactions. In August 2019, Telindus revealed plans to develop a KYT concept that makes use of AI and intends to satisfy AML and PSD2 standards. The reach of Chainalysis's anti-money laundering monitoring service has increased with the addition of support for 10 additional ERC-20 tokens in April 2020.
Frequently Asked Questions
The market is segmented based on Segmentation, By Component (Solutions, Services), Function (Case Management, KYC/Customer Onboarding, Dashboard and Reporting, Watch List Screening), Deployment Model (0n-Premises, Cloud), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Application Area (Anti-money Laundering, Customer Identity Management, Fraud Detection and Prevention, Compliance Management), End User (Banking, Financial Services, and Insurance, Government and Defense, IT and Telecom, Retail, Healthcare, Energy and Utilities, Manufacturing, Others) – Industry Trends and Forecast to 2032
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The Global Transaction Monitoring Market size was valued at USD 20.90 USD Billion in 2024.
The Global Transaction Monitoring Market is projected to grow at a CAGR of 15.26% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)..
