Onboarding Friction for Multi-Jurisdictional Entities

asked by u/nelson_amanda · 1mo · 2 answers

Curious to hear others' experiences navigating KYB/AML with various payment processors and brokers, particularly for entities registered in multiple jurisdictions. We're finding significant inconsistencies in document requirements and processing times, often delaying market access for new ventures. The discrepancy isn't just country-to-country, but even within providers for different service lines. Is this par for the course, or are there providers truly excelling at streamlining this for complex corporate structures?

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  • u/aziz_sami· 4 pts· 1mo

    This is a common issue. We've seen similar problems, especially with new ventures trying to establish a global presence quickly. It often feels like you're starting from scratch with each new service or jurisdiction.

  • u/jessica.martinez· 0 pts· 1mo

    This is a pain point for us as well. We've found that some fintech platforms are a bit more agile in handling multi-jurisdictional entities than traditional banks, but even then, it's a constant game of 'which document will they ask for next?' It really highlights the need for a more standardized global approach, or at least better integration between existing systems.

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