2025-06-27

Download Gartner® Market Guide for KYC Platforms for Banking

Digidentity

Download Gartner® Market Guide for KYC Platforms for Banking

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The shift toward digital KYC (Know Your Customer) in banking is being driven by evolving regulatory requirements, operational efficiencies, and rising customer expectations. Modern KYC platforms have become essential tools for banks seeking to ensure compliance, reduce fraud, and streamline the customer onboarding process.

By automating key aspects of the KYC workflow, solution providers are significantly reducing the need for manual intervention. This not only accelerates onboarding but also lowers the risk of human error. Key benefits include:

-Reduced manual effort through automated data extraction -Faster verification and shorter processing times -Improved accuracy, minimizing the likelihood of errors

One of the most transformative innovations in this space is Decentralized Identity (DCI) —a form of Portable Digital Identity (PDI) —which is reshaping how identity is managed and verified in the banking sector.

Digidentity is recognised as a Representative Vendor in the Market Guide for KYC Platforms for Banking by Gartner®.

Get access to your complementary Gartner report and gain valuable insights on the KYC solutions market for banking.

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner, Market Guide for KYC Platforms for Banking, By Vatsal Sharma, 10 December 2024

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