Anyone else finding KYC/KYB for payment processors getting tougher lately?

asked by u/sabubakar · 10d · 2 answers

It feels like every other month there's a new layer of scrutiny, even for established entities. Wondering if anyone has any tips for streamlining the process, especially when dealing with multiple providers for different regions or currency flows.

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Top answers

  • u/omar48· 5 pts· 10d

    Absolutely, the regulatory landscape is definitely tightening. We've found that having all our documentation meticulously organized and pre-emptively updated for each entity saves a lot of back-and-forth, even if it feels like overkill initially.

  • u/minh_setiawan· 1 pts· 10d

    Definitely seeing that too. It's becoming less about initial setup and more about continuous monitoring and proof of ongoing compliance, which is a real drain on resources if you don't have a centralized system.