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SaaS transforms financial crime prevention
Financial services are embracing software-as-a-service (SaaS) models to drive efficiency and security, with adoption in banking, financial and insurance sectors projected to reach over $130bn by 2027, up from $54bn in 2022. Within financial crime prevention alone, spending on cloud-based solutions is expected to make up 32% of deployment spending, reflecting a sector eager to modernise its compliance defences.
The impact of SaaS on financial crime prevention efficiency
SaaS adoption in the financial and insurance services sectors is projected to grow significantly, reaching more than $130bn by 2027, up from $54bn in 2022.
