07 Nov 2017 Financial Crime and Compliance Data Market Booming – Burton-Taylor Report

Spending Leaps on AML and KYC Data Solutions

Spending is soaring on data and information to help organizations tackle financial crime and compliance needs, according to a new report published today by Burton-Taylor International Consulting (part of TP ICAP’s Data & Analytics division).

The bespoke analysis is based on independent Burton-Taylor research and in-depth interviews with leading and emerging suppliers of data and information services to support anti-money laundering (AML) and know-your-customer (KYC) needs.

“There have been sustained increases in spending in this area,” says report author Chris Porter, Director at Porter Walford Consulting and an associate at Burton-Taylor.  “Our research shows that financial services firms and other companies in high-risk sectors are increasingly turning to external suppliers of AML and KYC data and information to help them crack down on financial crime and meet their legal obligations”.

The report finds that spending on external suppliers of AML/KYC data and information reached almost USD500 million in 2016, more than double the level five years earlier.

“There are some big names in financial crime and compliance data including Thomson Reuters, LexisNexis Risk Solutions and Dow Jones Risk and Compliance”, said Douglas B. Taylor, Founder & Managing Director of Burton-Taylor.

“However, we are also seeing plenty of challenger companies tackling these needs, with providers such as RDC, Bureau van Dijk, info4c, Arachnys, C6 Intelligence and others all jockeying for position”.

The 155-page Burton-Taylor AML/KYC Market Landscape Study 2017 includes detailed profiles of leading providers. It examines their AML/KYC databases, risk screening solutions, due diligence reports and related services and is of interest both to users and suppliers of such solutions.

Buyers and users can improve their strategic buying decisions by understanding which suppliers are best positioned to meet their current and future needs. Suppliers can better target new growth opportunities and improve understanding of their competitive positioning.

The report may be purchased by visiting https://burton-taylor.com/product/public-relations-needs-and-media-intelligence-solutions-south-east-asia-market-study-2017/ or by contacting orders@burton-taylor.com, +1 646 201-4152.

Burton-Taylor also publishes the industry benchmark-standard guide to global market size, share and growth in Financial Market Data and Analysis.

Media Contacts

Douglas B Taylor, questions@burton-taylor.com+1 646 201-4152

About Burton-Taylor International Consulting LLC

Burton-Taylor International Consulting, part of TP ICAP group, is the recognised leader in information industry market research, strategy and business consulting.  Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR and Market Data share figures are seen as industry benchmark standard globally. Burton-Taylor clients command an estimated 80% share of global revenue in the Market Data space and include the world’s largest information companies and exchange groups, key government organisations and regulatory bodies on multiple continents, the largest advisory firms serving the industry and more than 30 of the most active private equity and investment companies around the world.    

About TP ICAP

TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see www.tpicap.com.