Regulatory Risk has grown exponentially over the past five years. KPMG estimates that expenditure on compliance is growing, currently estimated at more than $70 billion in the US. In interviews with customers, Bain & Co. found that Risk and Compliance can run nearly 40% of the costs in “change the bank” projects.In addition, it found that nearly three-quarters of onboarding requests never reach the final stage of account opening. This is inefficient and can cause uncomfortable situations with customers.