Onboarding Friction for PSPs – Any Solutions?
We're scaling our fintech operation and finding that onboarding new PSPs, particularly in emerging markets, is a huge bottleneck. The KYB process often drags on for weeks, sometimes months, even for well-established entities. We're talking about extensive documentation requests, inconsistent communication from their compliance teams, and a general lack of streamlined digital processes. It's impacting our ability to expand reach and offer competitive local payment options. Anyone successfully navigated this and found ways to accelerate the onboarding without compromising regulatory integrity? Or built internal tools to manage the doc deluge? Curious to hear specific strategies or common pitfalls to avoid beyond just having all your docs perfectly organized.