New stats on KYC costs from Thomson Reuters

When Tradle talks to banks and insurance companies, we always hear that Know Your Customer (KYC) is a huge pain for them. Some even go on to say that they are dying the death of thousand cuts on KYC. Yet it is often hard to find publicly available statistics on the tangible and intangible costs of KYC. Thomson Reuters is doing a great job bringing some of those costs, on the corporate onboarding side, into the light: