Chartis named PwC a Category Leader for AML Transaction Monitoring Solutions

Chartis Research, a leading provider of research and analysis on the global market for risk technology has named PwC as a Category Leader in the 2024 RiskTech Quadrant® for AML Transaction Monitoring Solutions.

According to Chartis, ‘A global leader in anti-money laundering (AML) transaction monitoring, PwC boasts many strengths in this area, which stem from its deep expertise in financial crime risk management and its robust suite of innovative solutions. PwC is known for having a deep understanding of complex regulatory landscapes and evolving financial crime threats that enables it to tailor solutions to specific client needs. The firm’s global reach and extensive network of professionals facilitate tailored support, collaboration and knowledge sharing across a variety of industries, ensuring that clients meet the highest standards of regulatory compliance and best practice. PwC’s innovative use of technology, including advanced analytics and generative artificial intelligence (GenAI), enhances the efficiency and effectiveness of institutions’ transaction monitoring processes. Additionally, PwC’s commitment to ongoing research and development keeps it at the forefront of AML advances, allowing it to provide cutting-edge solutions to it.’

Nick Vitchev, Chartis Research shares, “PwC’s capabilities, heritage and FinCrime experience give it a vital role in the AML ecosystem, especially in transaction monitoring, with a modular risk management approach that fits perfectly with the evolution of FinCrime into a more complex and interwoven ecosystem. Its coverage across typologies and product channels enables firms to conduct deep risk assessments across broad and diversified portfolios, while the Model Edge platform delivers the level of flexibility and customization the industry requires, at vast scale and speed.”

“We are incredibly proud to be recognized by Chartis as a category leader in the 2024 for AML Transaction Monitoring Solutions Quadrant. This achievement underscores our commitment to leveraging advanced technologies like AI, GenAI, ML, and data analytics to provide highly effective and scalable solutions. Our deep expertise in financial crime risk management, combined with our innovative approach and end-to-end service offering, positions us uniquely to help financial institutions navigate the complex AML landscape and stay ahead of emerging risks. This recognition is a testament to our dedication to continuous improvement and delivering tangible results for our clients across diverse industries.” - Amanda Cox, Financial Crimes Practice Leader, Partner, PwC US

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