Frequently Asked Questions
Electronic Know Your Business solutions are automated platforms that verify the identity, legitimacy, ultimate beneficial owners, sanctions exposure, and risk profile of corporate entities using digital registries, watchlists, and AI analytics.
Tighter global AML/CTF regulations, explosion of digital corporate onboarding, AI accuracy improvements, cloud adoption, and expansion of fintech/crypto ecosystems in emerging markets.
The market is forecast to grow from approximately USD 0.44 billion in 2026 to USD 1.65 billion by 2035.
The market is projected to register a CAGR of 15.8%.
North America will remain the largest contributor, followed by Europe; Asia Pacific will show the highest growth rate.
Trulioo, LexisNexis Risk Solutions, Moody’s Analytics, Jumio, Shufti Pro, GBG, and Oracle are among the leading innovators.
Comprehensive analysis of size, segmentation, drivers, competitive landscape, regional outlook, trends, and strategic recommendations.
Data providers/registries → Platform vendors → System integrators → Managed service providers → End-user compliance teams.
Shift from point-in-time to continuous monitoring, demand for single API covering both KYC and KYB, and preference for risk-based rather than rule-based verification depth.
FinCEN beneficial ownership rule, EU AML package, FATF virtual asset travel rule, and national data residency laws are the primary catalysts and constraints.