About the KYC savings calculator
How much does KYC automation actually save?
Fenergo's 2023 KYC Trends survey of 1,164 compliance officers found average KYC review time fell from 117 to 82 days year-over-year as automation adoption rose, roughly a 30% reduction. This calculator uses a 25 to 35% range bracketing that documented figure. The exact figure depends on check volume, current review time per case, and reviewer cost, which is why this calculator asks for your own numbers rather than quoting a single average.
What does this calculator actually calculate?
It estimates your current annual cost of manual KYC review (checks per month × minutes per review × reviewer hourly cost, annualised), then applies a 25-35% reduction range, based on Fenergo's 2023 KYC Trends survey, to show estimated annual savings and hours freed per month if that review were automated. It is an estimate for planning purposes, not a quote — actual savings depend on document complexity and current process maturity.
What hourly rate does the calculator use by default?
The default is £30 per hour, a fully-loaded estimate based on the average UK KYC analyst base salary (approximately £46,700/year per 2026 Glassdoor and Reed data) plus typical employer National Insurance, pension, and overhead costs. You can edit this field to match your own organisation's actual reviewer cost.
Is this KYC savings calculator free?
Yes. The calculation itself is instant and free with no registration required. You can optionally provide your email to receive a copy of your results — a member of the Kelriva AI team will follow up within one business day if you would like to discuss the numbers.
What is the difference between this and a full KYC automation project?
This calculator gives a planning estimate based on your inputs. Kelriva AI's IDP Proof of Concept (£8,500, 3 to 5 weeks) builds a working KYC extraction pipeline on your actual documents and benchmarks real accuracy — turning an estimate into a measured result before any larger commitment.