Quadrant Knowledge Solutions has disclosed that the Watchlist and Sanctions Screening Market is anticipated to demonstrate a Compound Annual Growth Rate (CAGR) of 16.50% by the year 2027. The screening for sanctions and watchlists is a pivotal aspect of Know Your Customer (KYC) procedures and solutions. This involves financial institutions (FIs) scrutinizing customers against diverse data sources like sanctions lists, Politically Exposed Persons (PEPs), and regulatory watchlists during the onboarding process. This practice not only mitigates the risk of engaging with sanctioned entities but also enhances the efficiency of customer onboarding.

Furthermore, it enables FIs to ensure regulatory compliance and identify potentially harmful entities that could harm their reputation. To navigate the evolving regulatory landscape successfully, FIs must proactively prevent the onboarding of problematic entities by optimizing their global operations with AML (Anti-Money Laundering) risk data sources, thereby maintaining compliance with AML, Counter-Terrorism Financing (CTF), and sanctions enforcement regulations.

Watchlist and sanctions screening software provides comprehensive, ongoing screening capabilities, allowing FIs to screen both customers and real-time transactions throughout the entire customer lifecycle, including payments and trade. Leveraging AML and KYC, this solution supports efficient case investigations. Vendors are actively working towards seamless integration of their screening solutions with global data sources such as sanctions, watchlists, PEPs, and adverse media. This integration enhances customer screening capabilities, ensuring accurate data from diverse AML risk sources and sanction lists.

Download The Sample Report of Market Share: Watchlist and Sanctions Screening Market

The study aims to address key questions:

• Is the Watchlist and Sanctions screening market witnessing growth?
• What is the short-term and long-term growth potential of the Watchlist and Sanctions screening market?
• What are the primary market accelerators and restraints influencing the global Watchlist and Sanctions screening market?
• Which industries are the major end-users of Watchlist and Sanctions screening solutions, and which ones offer the most growth opportunities during the forecast period?
• Which global region presents the highest growth opportunities in the Watchlist and Sanctions screening market?
• Among customer segments, which have the highest adoption of Watchlist and Sanctions screening solutions?
• What are the various deployment options available for Watchlist and Sanctions screening solutions?

Vendors Covered

Acuant (GBG Plc), ACI Worldwide, AML Partners, Azentio Software, ComplyAdvantage, Clari5, Dow Jones, Eastnets, Featurespace, Feedzai, FICO (IMTF), Fiserv, Fourthline, Kiya.ai, LexisNexis Risk Solutions (Accuity), NICE Actimize, Oracle, Quantexa, SAS, NetReveal, ThetaRay, Verafin

About Us: Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business, and Growth Advisory Services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner.

Phone: (+1) 978-605-1066

Contact: ajinkya@quadrant-solutions.com