Aite Matrix: Achieving AML Excellence Through Third-Party AML Data Providers

Third-party AML data providers are expected to deliver accurate, complete, and up-to-date risk-relevant information.

Boston, November 25, 2020Data has long been recognized as an essential element of building robust risk management structures. For many organizations, effective use of data sets can be key to unlocking the potential in financial crime controls. While firms have much internal data, a significant amount of third-party and publicly available external data are available, which, if used appropriately, can significantly enhance controls of anti-money laundering programs while delivering operational efficiency.

This Impact Report explores the key trends impacting the third-party AML data solution market and discusses how various vendors are bringing enhanced data and other products and services to address market needs and tackle operational challenges. Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this Impact Report evaluates the overall competitive position of eight vendors, focusing on vendor stability, client strength, product features, and client services. This report profiles Accuity, ComplyAdvantage, Dow Jones Risk & Compliance, KYC2020, LexisNexis Risk Solutions, Moody’s Analytics, Refinitiv, and Socure.

This 107-page Impact Report contains 15 figures and 26 tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.

This report also mentions Equifax, Kharon, and Merlon.

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