Vneuron ranked as a point solution in the Trade-Based Anti-Money Laundering Chartis Quadrant 2022

Trade-based money laundering (TBML), a massive challenge within the financial services industry, is costing financial firms millions of dollars and is attracting increasing regulatory scrutiny as criminals conceal illegal transactions through goods and commodities.

Due to market immaturity, financial institutions face different challenges in the process of detecting and monitoring the TBML schemas including the lack of the requisite understanding of how TBML works and how it can be detected and the lack of usable trade data which causes incomplete coverage of the different variables.

Having Vneuron in the TBML quadrant among a few Market players in TBML showcases the uniqueness and the vast breadth of capabilities that Reis™ TBML offers to financial institutions that want to cover both trade finance and open-account payments.

Vneuron has a key market presence in Africa and emerging markets, with a modernized technology stack which includes transaction monitoring capabilities, workflow provision, and data processing that has enabled it to displace market-leading incumbents,says Chartis Research Principal Phil Mackenzie

Point solutions providers like Vneuron focus on a specific number of component technology capabilities, meeting a critical need in the risk technology market by solving specific risk management problems with domain-specific software applications and technologies. They offer strong engines for innovation, as their deep focus on a relatively narrow area generates thought leadership and intellectual capital. Vendors in this category have great potential for growth as they utilize integrated data management, analytics and BI capabilities

About Vneuron

Global leader in AML compliance solution helping more than 200 customers in the digitalization and transformation of their compliance processes and systems in more than 55 countries. Its complete Risk and Compliance solution covers name and sanction screening, transaction filtering and monitoring, automated risk assessment and alert generation, and reporting.

About Chartis

Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance, and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Chartis focuses on risk and compliance technology, giving it a significant advantage over generic market analysts. The firm has brought together a leading team of analysts and advisors from the risk management and financial services industries. This team has hands-on experience of developing and implementing risk management systems and programs for Fortune 500 companies and leading consulting firms. Visit www.chartis-research.com for more information.