Report: KYC in 2022
This global research report by Fenergo of 1,055 C-suite execs at global corporate banks investigates the direct and opportunity costs of allocating huge resources to KYC functions.
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The global survey of over 1,000 C-suite executives across 100 corporate and institutional banks highlights the direct and opportunity costs of people-driven, manual and laborious KYC processes:
- How much time a firm typically spends on KYC reviews & how much each KYC review costs
- The scale of the continuous/perpetual KYC review challenge
- Opportunities for automation and smarter KYC reviews
- Where firms are currently prioritizing their technology investment
- How automation can support both compliance and operations teams