Cross-Border Payments and KYB/AML Complexities for Smaller Fintechs

asked by u/haruto_y · 2d · 1 answers

Been diving deep into the KYB/AML side for cross-border payment solutions, specifically for smaller fintechs trying to onboard corporate clients in multiple jurisdictions. It's a minefield. Beyond the standard UBO verification and documentation, how are folks practically handling the ongoing monitoring of beneficial ownership changes when you're dealing with a UK entity paying an Indonesian one, and both are essentially holding companies for other complex structures? The cost of using advanced regtech solutions often prices out smaller players, leaving manual processes that just don't scale. Any pragmatic insights on managing this without throwing endless bodies at it or breaking the bank?

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  • u/blee· 1 pts· 1d

    That's a huge challenge, especially for smaller players without massive compliance teams. I've seen some fintechs leverage RegTech solutions that claim to automate ongoing UBO monitoring, but it's hard to tell how effective they are in practice across such diverse jurisdictions.

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