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Global KYC Trends in 2024 for Asset Management
This global research report surveys over 450 C-suite executives from tier 1 asset management firms to examine the state of KYC and onboarding functions in 2024.
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Did you know that 74% of asset management firms have lost a client due to slow, inefficient onboarding? Are you aware of the average cost for a single KYC review for an institutional investor? Would you like to benchmark your firm against your industry peers?
The results are in from Fenergo’s 2024 Know Your Customer (KYC) and Onboarding Trends survey, capturing insights from over 450 C-suite executives at Tier 1 asset management firms with $51bn or more assets under management.
The report explores the key challenges that asset managers in the US, UK and Singapore face in their KYC, onboarding and review processes and offers potential solutions.
The data tells the story of how regulatory pressures, rising compliance costs, operational inefficiencies and investor churn are inhibiting growth and profitability for asset managers.
In this report, Fenergo reveals:
- How much time and money is being spent on KYC
- The key factors causing investors to abandon onboarding
- How prepared asset managers are to respond to regulatory demands
- Where firms are prioritizing their technology investments
- The biggest inhibitors to efficient investor onboarding
Download the report to get access to the data insights!