B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Recent
67%
67% -- banks losing clients due to slow kyc for Banks (2025)
67% of banks had lost clients specifically due to slow or inefficient KYC processes.
- Surveyed over 450 C-level executives
Attribution:
View source
Lighthouse Research Team
Last verified:
·
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Source verified
Evidence graded
Value
67%
Unit
Percentage
Data Vintage
2025
Entity
Sample Size
450
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
75
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
Fenergo
Primary
Tier B
https://oneid.uk/news-and-events/what-is-bank-verified-identity ↗
Source Article
What Is Bank-Verified Identity? The Age Verification Method Users Actually Complete
Bank-verified identity is an age and identity verification method that confirms a person's details through their existing bank account. Instead of uploading a passport, taking a selfie, or submitting to a facial age estimation scan, the user logs into their bank through a secure Open Banking connect…
Original Research
Fenergo
· Original study ↗
Methodology
Fenergo survey of C-level executives; up 19 percentage points from 2023
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
Banks: 67% banks losing clients due to slow kyc. Source: Fenergo (2025). Via Lighthouse Intelligence -- https://lighthousedata.io/data/kyc-client-loss-banks-67
HTML Embed
<blockquote cite="https://lighthousedata.io/data/kyc-client-loss-banks-67" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>67%</strong> -- banks losing clients due to slow kyc for Banks<br><small>Source: Fenergo (2025) · <a href="https://lighthousedata.io/data/kyc-client-loss-banks-67" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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