Market Share of Transaction Monitoring Industry
The transaction monitoring market is fragmented in nature, and the major players have employed various methods, including introducing new products, expansions, mergers, and acquisitions, among others, which may result in the emergence of a highly competitive market.
In September 2022, FICO announced and granted eleven new patents related to fraud, artificial intelligence (AI)/machine learning (ML), and digital decisioning. The latest 11 patents focus on various software solutions, fraud analytics, and enhanced machine learning algorithms to help its customers build responsible and effective AI decisioning systems leveraging purpose-built AI and ML algorithms.
Transaction Monitoring Market Leaders
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Oracle Corporation
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SAS Institute Inc.
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Fair Isaac Corporation (FICO)
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Protiviti Inc.
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IBM Corporation
*Disclaimer: Major Players sorted in no particular order