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

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

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Private equity investment in this space has also boomed, with several players now backed by private equity funding, as PE firms seek to get into what is a very strong growth area of spend, according to the report, which focuses on companies or business divisions with a core competency in AML and KYC-related data and information and related services.

According to the report, spending has grown at a compound annual growth rate of 16.86 percent over a five-year period, from $268.9 million in 2012

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