The 2025 Sumsub report on the future of Know Your Business (KYB), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) emphasizes that global digital transformation and business intelligence will significantly shape KYB regulations. With digital transactions growing at 12.7% annually and more than 60% of global GDP expected to be digitized by 2025, regulatory frameworks must evolve to handle increased complexity and scale in digital finance. This includes stronger emphasis on real-time monitoring, risk-based compliance, and automated due diligence powered by AI and machine learning. The shift from cash to electronic payments further accelerates this trend, making digital KYB, CDD, and EDD processes critical to managing fraud, regulatory risk, and operational efficiency globally.

Join for free to read