2023 was a disruptive year in financial services, with 2024 poised for continued evolution. Keeping pace with technology trends, emerging regulations, rising customer expectations, and financial crime risks will continue to present the challenge for FIs as we go into 2024.

Despite great strides being made in digitalization, our 2023 KYC Trends data highlights how the lack of pace to transform is hampering the growth for many FIs. Indicators such as the rising cost of key compliance processes, longer onboarding times, and high client abandonment hint towards stagnating growth for FIs.

Enforcement actions for non-compliance with regulations in 2023 are set to hit their highest levels since 2020, highlighting just how high the stakes are for FIs in the current climate.

Register for our webinar to discover what 2024 will hold for:

• Converging market players, business resiliency and rethinking risk
• Geopolitical uncertainty
• Emerging compliance obligations and regulatory hurdles
• Workforce dynamics and compliance skill gaps

Register now

*To register instead for the live webinar in APAC timezones, click here.