Global spending on Anti-Money Laundering (AML) and Know-Your-Customer (KYC) data and services is expected to surge to $2.9bn in 2025, according to new research from Burton Taylor Consulting.
According to Finextra, the report highlights a growing industry response to evolving financial crime risks, fuelled by digital transformation, stricter regulations, and increasing use of AI-powered compliance tools.
As financial institutions adapt to a more digitised business environment, many are deepening their reliance on artificial intelligence and machine learning technologies. These tools are enabling firms to detect suspicious activity in real time, significantly improving threat detection accuracy and speed. However, the shift to digital has also introduced new challenges, particularly for firms with siloed processes and fragmented oversight frameworks.
A key area of focus is the emergence of perpetual KYC, which requires continuous monitoring of transactions rather than periodic checks. This shift demands a much higher volume of accurate, real-time market data to identify suspicious behaviour quickly. Collaborative AI platforms are also becoming increasingly important, as global financial institutions share intelligence and insights to build a more robust collective defence against financial crime.
The report also underscores the growing regulatory scrutiny of cryptocurrencies. As digital assets become more mainstream in business transactions, regulators are tightening rules and expanding surveillance to address the broader threat landscape, placing additional demands on compliance teams.
Burton Taylor’s latest Anti-Money Laundering/Know Your Customer Data & Services Global Market Share 2025 report benchmarks the size of the AML/KYC industry, analyses market trends, and profiles leading vendors based on their strengths in data coverage, risk screening, and due diligence capabilities.
Burton Taylor senior analyst and report author Hadley Weinberger said, “In today’s digital landscape, online outlets rapidly intensify reputational damage from compliance failures. This heightened exposure has magnified the demand for comprehensive, real-time data solutions. Organizations now recognize that reputations built over decades can be devastated by a single compliance incident that goes viral.”
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