Report : Middle East & Africa Liquidity Asset Liability Management Solutions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services) and Industry (Banks, Broker, Specialty Finance, Wealth Advisors, and Others)
At 6.2% CAGR, the Middle East & Africa Liquidity Asset Liability Management Solutions Market is speculated 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.
- Based on component, the Middle East & Africa liquidity asset liability management solutions market is bifurcated into solutions and services. The solutions segment held 59.3% market share in 2022, amassing US$ 34.36 million. It is projected to garner US$ 50.39 million by 2028 to expand at 6.6% CAGR during 2022–2028.
- Based on industry, the Middle East & Africa liquidity asset liability management solutions market is categorized into banks, broker, specialty finance, wealth advisors, and others. The banks segment held 37.8% market share in 2022, amassing US$ 21.90 million. It is projected to garner US$ 32.29 million by 2028 to expand at 6.7% CAGR during 2022–2028.
- Based on country, the Middle East & Africa liquidity asset liability management solutions market has been categorized into the Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 33.6% market share in 2022. It was assessed at US$ 19.46 million in 2022 and is likely to hit US$ 28.20 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.
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.
- In Jun 2022, Finastra launches embedded consumer lending solution.
- In Jan 2019, Intellect Design Arena has launched Capital Cube.
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