New Report: Streamlining KYC to Unlock the Benefits of Digital Trade

As digital trade accelerates, outdated know-your-customer (KYC) processes are holding UK businesses back, especially SMEs. This new report from the Trade Digitalisation Taskforce sets out a clear solution: a UK-based KYC utility housed within Companies House, underpinned by the Legal Entity Identifier (LEI). By cutting duplication and enabling faster, safer onboarding, the report offers a practical pathway to reduce compliance burdens, boost access to finance, and align the UK with global best practice.

Download the full report here.