KYC Due Diligence

Enhanced Due Diligence: Is AI a silver bullet to rising costs?

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Our latest research survey of over 500 senior level risk and compliance experts shines a spotlight on the role of Know Your Customer Enhanced Due Diligence (KYC EDD) when navigating a complex risk landscape. The research finds that the evolving global AML regulations are driving increasing volumes of Enhanced Due Diligence (EDD) – along with rising costs. As organisations are tasked with “doing more with less”, AI offers a potential solution, but only if implemented safely and with a human-centric approach.​

Some of the key findings include: ​

  • 90% of respondents say the volume of EDD requests has risen over the last 3 years.
  • 87% expect KYC EDD budgets to rise over the next 12 months.
  • The sheer volume of requests and high costs are the biggest concerns.

Read on - Complete this form to open the full survey report

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