KYC/KYB Systems Market: 2026-2030

Description

'KYC & KYB Systems Spend Outside Financial Sector to Grow 105% by 2030 Globally, as KYC Moves Beyond Banking'

Overview

Our Know Your Customer/Know Your Business (KYC/KYB) Systems research suite provides in-depth analysis of this evolving market; enabling stakeholders from financial institutions, law enforcement agencies, regulatory bodies and technology vendors to understand future growth, key trends, and the competitive environment.

The suite includes several different options that can be purchased separately, including access to data mapping adoption and future growth of the KYC/KYB systems market. The research is an insightful study uncovering the latest trends and opportunities within the market. It provides extensive analysis of the 22 market leaders in the fight to achieve accountability and trust as platforms scale beyond human oversight. The coverage can also be purchased as a Full Research Suite, containing all of these elements, and including a substantial discount.

Collectively, these documents provide a critical tool for understanding this rapidly emerging market; enabling banks and technology vendors to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and rapidly growing market.

All report content is delivered in the English language.

Key Features

Market Dynamics: insights into key trends and market expansion challenges within the KYC/KYB systems market. The research includes a Country Readiness Index; providing analysis on where the best opportunities lie for KYC/KYB system adoption across 60 plus countries. It also includes analysis of current developments across 10 different segments of the KYC/KYB systems market and an assessment of KYC/KYB regulations across key regions. The report addresses challenges posed by increasingly complex cross-border fragmentation, advanced identity fraud, the potential benefits of increasing regulatory involvement, and an assessment of the next-generation technological approaches to detect the next generation identity abuse.
Key Takeaways & Strategic Recommendations: in-depth analysis of key development opportunities and findings within the KYC/KYB systems market, accompanied by key strategic recommendations for stakeholders.
Benchmark Industry Forecasts: global KYC/KYB adoption assessed across 10 key industries, including five financial services and five non-financial industry segments. It also provides forecasts for total KYC/KYB system spend; split by these 10 industry verticals.
Juniper Research Competitor Leaderboard: key player capability and capacity assessment for 22 KYC/KYB system vendors, via the Juniper Research Competitor Leaderboard.

Market Trends & Strategies

1. Key Takeaways & Strategic Recommendations

1.1 Key Takeaways
1.2 Strategic Recommendations

2. Market Landscape

2.1 Introduction
- 2.1.1 The History of Regulatory Frameworks
  - Figure 2.1: Basel III Framework
- 2.1.2 The Current KYC Regulatory Landscape
  - Figure 2.2: Factors Determining a Customer's Potential Risk Level
  - Figure 2.3: AML Umbrella
  - i. Know Your Customer (KYC)
    - Figure 2.4: Verification Alternatives to KYC
    - Figure 2.5: Know Your Business Requirements
  - iii. Know Your Agent (KYA)
  - iv. Know Your Investor (KYI)
  - v. Know Your Patient (KYP)
  - vi. Know Your Data (KYD)
  - vii. Age Verification
- 2.1.3 Shifting and Emerging Regulatory Landscape
  - i. Anti-Money Laundering Authority (AMLA)
  - ii. The EU AI Act
    - Figure 2.6: Fundamental Aims of the EU's AI Act
  - iii. China's Amended Anti-Money Laundering Law
  - iv. China - Deepfake Legislation
    - Figure 2.7: China's Deepfake Legislation Requirements
  - v. US - Texas House Bill 1181
    - Figure 2.8: Texas House Bill 1181 Key Developments
  - vi. India - Digital KYC
  - vii. UAE
2.2 Key Trends and Drivers
- 2.2.1 Combatting Financial Fraud and Corruption
- 2.2.2 Expansion Beyond Banking
  - Figure 2.9: Scenarios That Utilise KYC Verification Across Various Industries
- 2.2.3 Emergence of Digital Identity & Ecosystem Interoperability
- 2.2.4 Ongoing KYC Process
2.3 Future Outlook
- 2.3.1 Privacy-preserving Identity and Privacy-first Compliance Technologies
- 2.3.2 Regulatory-driven Interoperability and Shared Identity Networks
- 2.3.3 Convergence of KYC/KYB and Financial Crime Infrastructure

3. Market Dynamics & Onboarding Technologies

3.1 Digital Onboarding and Verification Technologies
- 3.1.1 Core Verification Technologies in Digital Onboarding
- 3.1.2 Document-based Verification
- 3.1.3 Biometric Verification Technologies
- 3.1.4 Liveness Detection and Deepfake Resilience
- 3.1.5 Behavioural and Adaptive Verification
3.2 Database and Identity Intelligence Verification
3.3 Market Friction and Constraints on KYC/KYB Adoption
3.4 Shifting Buyer Behaviour and Procurement Dynamics

4. Country Readiness Index

Figure 4.1: Juniper Research Country Readiness Index: Regional Definitions
Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: KYC/KYB Systems
Figure 4.3: Juniper Research Country Readiness Index: KYC/KYB Systems Market
Table 4.4: KYC/KYB Systems Country Readiness Index: Market Segments
4.1 Focus Markets
- 4.1.1 Country-level Assessment: The UK
- 4.1.2 Country-level Assessment: The US
- 4.1.3 AI-driven Fraud & Identity Risk
- 4.1.4 Regulatory Harmonisation
4.2 Growth Markets
4.3 Saturated Markets
4.4 Developing Markets
- Table 4.5: Juniper Research Country Readiness Index Heatmap: North America
- Table 4.6: Juniper Research Country Readiness Index Heatmap: Latin America
- Table 4.7: Juniper Research Country Readiness Index Heatmap: West Europe
- Table 4.8: Juniper Research Country Readiness Index Heatmap: Central & East Europe
- Table 4.9: Juniper Research Country Readiness Index Heatmap: Far East & China
- Table 4.10: Juniper Research Country Readiness Index Heatmap: Indian Subcontinent
- Table 4.11: Juniper Research Country Readiness Index Heatmap: Rest of Asia Pacific
- Figure 4.12: Juniper Research Country Readiness Index Heatmap: Africa & Middle East

Competitor Leaderboard

1. KYC/KYB Systems - Competitor Leaderboard

1.1.1 Why Read This Report KYC/KYB Systems Market Takeaways
- Table 1.1: Juniper Research Competitor Leaderboard: KYC/KYB Systems Market Vendors & Product Portfolio
- Figure 1.2: Juniper Research Competitor Leaderboard: KYC/KYB System Vendors
- Table 1.3: Juniper Research Competitor Leaderboard Vendors and Positioning
- Table 1.4: Juniper Research Competitor Leaderboard for KYC/KYB Systems: Heatmap (Pg 1 of 2)
- Table 1.4: Juniper Research Competitor Leaderboard for KYC/KYB Systems: Heatmap (Pg 2 of 2)
1.2 Vendor Profiles
- 1.2.1 AU10TIX
  - i. Corporate
    - Table 1.5: AU10TIX Investment Rounds ($m), 2019-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.2 ComplyAdvantage
  - Table 1.6: ComplyAdvantage Investment Rounds ($m), 2016-2021
- 1.2.3 Data Zoo
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.4 Dow Jones
  - i. Corporate
    - Table 1.7: News Corp Dow Jones Reported Revenue, ($m), 2023-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.5 Encompass
  - i. Corporate
    - Table 1.8: Encompass Investment Rounds ($m), 2016-2022
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.6 Entrust
  - i. Corporate
    - Table 1.9: Entrust Financial Snapshot ($m), 2023-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.7 Experian
  - i. Corporate
    - Table 1.10: Experian Financial Snapshot ($m), 2022-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.8 Fenergo
  - i. Corporate
    - Table 1.11: Fenergo Investment Rounds ($m), 2013-2021
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.9 GBG
  - i. Corporate
    - Table 1.12: GBG Financials, ($m), 2023-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.10 Jumio
  - i. Corporate
    - Table 1.13: Jumio Investment Rounds ($m), 2010-2021
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.11Know Your Customer
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.12 LexisNexis Risk Solutions
  - i. Corporate
    - Table 1.14: RELX's Financial Snapshot ($m), 2021-2025
    - Table 1.15: Risk's Financial Snapshot ($m), 2022-2024
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.13 Minerva
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.14 Mitek Systems
  - i. Corporate
    - Table 1.16: Mitek Systems Financial Results, 2023-2025
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.15 Moody's
  - i. Corporate
    - Table 1.17: Moody's Financial Snapshot ($m), 2021-2024
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
    - Figure 1.18: Moody's KYC Ecosystem
    - Figure 1.19: Moody's GRID PEP Risk-rating System
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.16 Persona
  - i. Corporate
    - Table 1.20: Persona Investment Rounds ($m), 2019-2021
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.17 Sardine
  - i. Corporate
    - Table 1.21: Sardine Investment Rounds
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.18 Shufti Pro
  - i. Corporate
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.19 Socure
  - i. Corporate
    - Table 1.22: Socure Investment Rounds ($m), 2015-2023
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.20 Sumsub
  - i. Corporate
    - Table 1.23: Sumsub Investment Rounds ($m), 2017-2022
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.21 Trulioo
  - i. Corporate
    - Table 1.24: Trulioo Investment Rounds, ($m) 2011-2021
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
- 1.2.22 Veriff
  - i. Corporate
    - Table 1.25: Veriff Investment Rounds of Funding ($m), 2018-2022
  - ii. Geographical Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offerings
  - v. Juniper Research's View: Key Strengths & Strategic Development Opportunities
1.3 Juniper Research Leaderboard Assessment Methodology
- 1.3.1 Limitations & Interpretations
  - Table 1.26: Juniper Research Competitor Leaderboard Scoring Criteria: KYC/KYB Systems
1.3 Related Research

Data & Forecasting

1. KYC/KYB Forecast Introduction

1.1.1 Introduction
1.1.2 Methodology & Assumptions
- Figure 1.1: KYC/KYB Systems Forecast Methodology for Financial Businesses (Banks, Fintechs, Insurance, Investment, Lending)
- Figure 1.2: KYC/KYB Systems Forecast Methodology for Professional and Other Businesses (Gambling & Gaming, eCommerce, Telco, Healthcare, and Real Estate)

2. KYC/KYB Systems Market

2.1 KYC/KYB Systems Market
- 2.1.1 Number of Businesses Using Third-party KYC/KYB Systems
  - Figure & Table 2.1: Total Number of Businesses Using Third-party KYC/KYB Systems per annum, (000), Split by 8 Key Regions, 2025-2030
- 2.1.2 Total Spend on Third-party KYC/KYB Systems
  - Figure & Table 2.2: Total Spend on Third-party KYC/KYB Systems per annum ($m), Split by 8 Key Regions, 2025-2030

3. Financial Businesses: KYC/KYB Systems Forecast

3.1.1 Total Number of Financial Businesses Using Third-party KYC/KYB Systems
- Figure & Table 3.1: The Total Number of Financial Businesses using Third-party KYC/KYB Systems, (000), Split by 8 Key Regions, 2025-2030
- Table 3.2: Total Number of Financial Businesses Using Third-party KYC/KYB Systems per annum, Split by Industry 2025-2030
3.1.2 Total Spend on Third-party KYC/KYB Systems by Financial Businesses
- Figure & Table 3.3: Total Spend on Third-party AML Systems by Financial Businesses per annum ($m), Split by 8 Key Regions, 2025-2030
- Table 3.4: Total Spend on Third-party KYC/KYB Systems by Financial Businesses per annum ($m), Split by Industry, 2025-2030
3.1.3 Total Number of Banks Using Third-party KYC/KYB Systems
- Figure & Table 3.5: Total Number of Banks Using Third-party KYC/KYB Systems per annum, Split by 8 Key Regions, 2025-2030
3.1.4 Total Spend on Third-party KYC/KYB Systems in the Banking Industry
- Figure & Table 3.6: Total Spend on Third-party KYC/KYB Systems the Banking Industry per annum ($m), Split by 8 Key Regions, 2025-2030
3.1.5 Total Number of Fintechs Using Third-party KYC/KYB Systems
- Figure & Table 3.7: Total Number of Fintechs Using Third-party KYC/KYB Systems per annum, Split by 8 Key Regions. 2025-2030
3.1.6 Total Spend on Third-party KYC/KYB Systems in the Fintech Industry
- Figure & Table 3.8: Total Spend on Third-party KYC/KYB Systems in the Fintech Industry per annum ($m), Split by 8 Key Regions, 2025-2030
3.1.7 Total Number of Insurance Companies Using Third-party KYC/KYB Systems
- Figure & Table 3.9: Total Number of Insurance Companies Using Third-party KYC/KYB Systems per annum, Split by 8 Key Regions, 2026-2030
3.1.8 Total Spend on Third-party KYC/KYB Systems in the Insurance Industry
- Figure & Table 3.10: Total Spend on Third-party KYC/KYB Systems in the Insurance Industry per annum ($m), Split by 8 Key Regions, 2025-2030
3.1.9 Number of Investment Companies Using Third-party KYC/KYB Systems
- Figure & Table 3.11: Total Number of Investment Companies Using Third-party KYC/KYB Systems per annum, Split by 8 Key Regions, 2025-2030
3.1.10 Spend on Third-party KYC/KYB Systems in the Investment Industry
- Figure & Table 3.12: Total Spend on Third-party KYC/KYB Systems in the Investment Industry per annum ($m), Split by 8 Key Regions, 2025-2030
3.1.11 Number of Lending Companies Using Third-party KYC/KYB Systems
- Figure & Table 3.13: Total Number of Lending Companies Using Third-party KYC/KYB Systems, Split by 8 Key Regions, 2025-2030
3.1.12 Total Spend on Third-party KYC/KYB Systems in the Lending Industry
- Figure & Table 3.14: Total Spending on Third-party KYC/KYB Systems in the Lending Industry per annum ($m), Split by 8 Key Regions, 2025-2030

4. Professional and Other Businesses: Global KYC/KYB Systems Forecast

4.1.1 Total Number of Professional and Other Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.1: Total Number of Professional and Other Businesses Using Third-party KYC/KYB Systems, (000s), Split by 8 Key Regions, 2026-2030
- Figure 4.2: Total Number of Professional and Other Businesses Using Thirdparty KYC/KYB Systems, (000s), Split by Industry, 2025-2030
4.1.2 Total Spend on Third-party KYC/KYB Systems by Professional and Other Businesses
- Figure & Table 4.3: Total Spend on Third-party KYC/KYB Systems by Professional and Other Businesses ($m), Split by 8 Key Regions, 2025-2030
- Figure 4.4: Total Spend on Third-party KYC/KYB Systems by Professional and Other Businesses, ($m), Split by 8 Key Regions, 2025-2030
4.1.3 Total Number of Gaming & Gambling Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.5: Total Number of Gaming & Gambling Businesses Using Third-party KYC/KYB Systems (m), Split by 8 Key Regions, 2025-2030
4.1.4 Total Spend on Third-party KYC/KYB Systems in the Gaming & Gambling Industry
- Figure & Table 4.6: Total Spend on Third-party KYC/KYB Systems in the Gaming Gambling Industry ($m), Split by 8 Key Regions, 2025-2030
4.1.5 Total Number of eCommerce Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.7: Total Number of eCommerce Businesses Using Third-party KYC/KYB Systems, Split by 8 Key Regions, 2025-2030
4.1.6 Total Spend on Third-party KYC/KYB Systems in the eCommerce Industry
- Figure & Table 4.8: Total Spend on Third-party KYC/KYB Systems in the eCommerce Industry ($m), Split by 8 Key Regions, 2025-2030
4.1.7 Total Number of Telecoms Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.9: Total Number of Telecoms Businesses Using Third-party KYC/KYB Systems, Split by 8 Key Regions, 2025-2030
4.1.8 Total Spend on Third-party KYC/KYB Systems in the Telecoms Industry
- Figure & Table 4.10: Total Spend on Third-party KYC/KYB Systems in the Telecoms Industry ($m), Split by 8 Key Regions, 2025-2030
4.1.9 Number of Healthcare Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.11: Number of Healthcare Businesses Using Third-party KYC/KYB Systems, Split by 8 Key Regions, 2025-2030
4.1.10 Total Spend on Third-party KYC/KYB Systems in the Healthcare Industry
- Figure & Table 4.12: Total Spend on Third-party KYC/KYB Systems in the Healthcare Industry ($m), Split by 8 Key Regions, 2025-2030
4.1.11 Total Number of Real Estate Businesses Using Third-party KYC/KYB Systems
- Figure & Table 4.13: Total Number of Real Estate Businesses Using Third-party KYC/KYB Systems, (2000s), Split by 8 Key Regions, 2025-2030
4.1.12 Total Spend on Third-party KYC/KYB Systems in the Real Estate Industry
- Figure & Table 4.14: Total Spend on Third-party KYC/KYB Systems in the Real Estate Industry ($m), Split by 8 Key Regions, 2025-2030