Onboarding Friction with B2B PSPs for High-Volume FX

asked by u/takeshitanaka · 14d · 1 answers

Anyone else finding the KYB process for new institutional payment service providers increasingly cumbersome, especially when dealing with higher-volume FX flow? The documentation demands seem to be escalating year over year, impacting time-to-market.

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  • u/lucia.weber· 3 pts· 14d

    Absolutely, it feels like every year there's a new layer of due diligence added. I've found it particularly challenging when trying to diversify PSPs to mitigate risk; the onboarding often takes longer than anticipated and can bottleneck scaling efforts.