Global KYC Trends in 2024

Global KYC & Onboarding Trends in 2024

Fenergo’s latest research on the Know Your Customer (KYC) and onboarding activity of major banks, asset managers, asset servicers and energy and commodities firms operating globally in 2024. The research surveyed 1000+ C-suite executives to uncover:

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How slow onboarding drives away clients
The average cost for a medium-risk KYC review
Which factors are inhibiting effective KYC, and more insights

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Understand Industry Trends

We researched and analyzed the KYC and Onboarding Trends in your industry for 2024. Download the reports now.

バンキング

For the third consecutive year we examine banks’ investment priorities, shifts in cost per KYC review and how regional changes are affecting KYC.

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資産運用

Regulatory pressures, compliance costs, and operational inefficiencies are changing how asset managers approach growth and profitability.

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資産サービスの向けCLM

Discover the latest KYC and onboarding trends shaping the asset servicing industry. Explore investment priorities, evolving compliance challenges, and the impact of regulatory shifts on efficiency and cost.

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Energy & Commodities

For the first time, see the benchmark for technology strategies, onboarding processes, and compliance spending in KYC and Onboarding for your sector.

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KYC Trends at a Glance

Fenergo surveyed 1000+ C-suite executives at banks, asset management, and energy and commodities firms to understand the issues affecting KYC and Onboarding in 2024. Explore our infographic to see a snapshot of the trends.

Effective KYC in a Complex Landscape

KYC spotlights the tension between meeting complex regulatory obligations and creating a positive digital onboarding experience.

Our reports reveal the data behind the KYC and Onboarding experience.

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Insights: KYC in 2024

KYC and Onboarding are time-consuming, resource-intensive, and can delay time to revenue. We benchmark the trends and analyze the challenges affecting them.

Costs: The State of KYC and Onboarding

Costs associated with KYC and Onboarding exist across many metrics. We highlight the price per KYC review, time taken to conduct them, and what's influencing them.

Technology: Impact of Client Experience

Client abandonment is a key issue for KYC and Onboarding Trends, we examine the issues disrupting smooth onboarding journeys across industries.

Accelerate KYC with Fenergo

Marc Murphy, CEO of Fenergo, explains how Fenergo streamlines KYC and compliance processes and provides a centralized dashboard for event processing and decision making for client lifecycle management (CLM). See how Fenergo supports:

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Frictionless management of client interactions
Streamlined onboarding and KYC review processes
Ongoing reviews, transactions, screening hits and due diligence

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Watch the video now.

Other Resources

Share of Banks Losing Clients to Poor KYC Practices Surges to Record High

The news comes amid a continued push by regulators worldwide to address intensifying money laundering.

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KYC Trends in 2023 Tackling KYC Amid Heightened Global Challenges

Discover the data for global investment banks around KYC, onboarding, and risk from 2023.

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KYC and Onboarding Trends Benchmarked for the Energy and Commodities Sector

78% of firms agree that handling counterparty data impacts sanctions compliance.

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