Anyone else still wrestling with KYB for institutional clients?

asked by u/lucia.weber · 2d · 1 answers

We've been scaling up our platform for prop trading firms and the KYB process, especially for non-US entities, feels like a constant battle. The documentation requirements vary so wildly, and getting accurate turnaround times from some of our partner banks/PSPs is a nightmare. It directly impacts our onboarding velocity and client satisfaction. Any thoughts or strategies on how to streamline this without compromising compliance?

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  • u/cerny_natalia· 1 pts· 2d

    Definitely feel your pain on this. We've found that having dedicated compliance liaisons on both sides can help, but it's still a slog. Have you looked into any of the newer RegTech solutions that promise to streamline KYB for institutional clients?

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