The global e-KYC market anticipated to reach $1,015bn by 2026

From: RegTech Analyst

Electronic customer identity authentication solutions are expected to grow at a compound annual growth rate of approximately 22% in the next six years.

That is according to new research from Facts and Factors. That increase would mean the global electronic know your customer (e-KYC) market could grow from being worth $257.23m in 2019 to having a value of around $1.015bn in 2026.

The news comes after the Bangladesh Financial Unit published new e-KYC guidelines in January.

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