07 Nov 2017 Burton-Taylor: KYC/AML Spending Soars, Vendors Expect Further Boost

 

Burton-Taylor International Consulting LLC report shows spending on AML and KYC Data Solutions tops nearly $500 million as firms continue to invest in and adjust their KYC programs.

Spending on data to support regulation-related functions has boomed over the last five years, according to the first report on the Anti-Money Laundering and Know Your Customer landscape by Burton-Taylor International Consulting—part of interdealer broker TP Icap’s Data & Analytics division—as firms increasingly turn to external suppliers of AML and KYC data and information to help them beef up cybersecurity and meet legal
obligations.

Read the full story here:  https://www.waterstechnology.com/industry-issues-initiatives/3443176/burton-taylor-kycaml-spending-soars-vendors-expect-further-boost