
Published On: Nov 2022
Published On: Nov 2022
At 6.2% CAGR, the Middle East & Africa Liquidity Asset Liability Management Solutions Market is projected to be worth US$ 83.36 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa liquidity asset liability management solutions market was valued at US$ 57.98 million in 2022 and is expected to reach US$ 83.36 million by 2028, registering an annual growth rate of 10.3% from 2022 to 2028. Collective credit risk across financial institutions and expanding numbers of regulations and non-performing assets.
Several countries in MEA are witnessing high growth in digitalization in the banking sector. Government initiatives have also helped increase the importance and awareness of digital payments among consumers. This factor has resulted in the adoption of digital liquidity models among several banks. Furthermore, financial technology (fintech) enables consumers to transact through various platforms, such as laptops and mobile devices. However, the ability to perform financial transactions on laptops and mobile devices is so unified that consumers take it for granted. Based on a report by MasterCard, ~75% of banking customers have used digital payment at least once; however, the surging use of digital payment services is leading to new risks in financial systems. In the past, banks traditionally performed financial assessments of their direct customers, and their transactions and payments. With the emergence of digital payments, intermediaries are functioning as a link between banks and end clients, leaving banks vulnerable to customer malfeasance. Liquidity and asset liability management solutions can minimize these risks by encouraging transparency across transactions. Further, liquidity monitoring is a crucial procedure and key control in anti-money laundering (AML) cased and countering the financing of terrorism (AML/CFT) policies and procedures of financial institutions. These monitoring solutions allow financial institutions to detect and evaluate suspicions associated with transactions when considered against customers' respective profiles. Over the years, financial regulatory bodies have intensified their focus on monitoring AML risks; they have increased the pressure on financial institutes to adopt a suitable transaction monitoring process. This is expected to drive the market during the forecast period.
On the contrary, data confidentiality and security apprehensions hurdles the growth of Middle East & Africa liquidity asset liability management solutions market.
Key players dominating the Middle East & Africa liquidity asset liability management solutions market are Experian Information Solution, Inc.; FIS; Finastra; IBM Corporation; Infosys Ltd.; Intellect Design Arena Ltd; Moody’s Investors Services, Inc.; Oracle Corporation; SAP SE; and Wolters Kluwer N.V. among others.
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