Onboarding speed and KYB for smaller prop firms

asked by u/michael35 · 4d · 3 answers

Anyone else finding the onboarding process with some of the smaller prop firms to be a bit of a slog lately? Specifically talking about the KYB side of things. It feels like some are still using fairly clunky manual systems, leading to delays that can stretch out for days, sometimes weeks, especially when there's an issue with a document. I get the need for compliance, but when you're ready to get started and everything grinds to a halt for an ID verification, it's pretty frustrating. Wondering if it's just my experience or if others are seeing this too, and if any firms are notably better on this front without naming names.

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Top answers

  • u/hana.chen· 2 pts· 4d

    I've definitely noticed that too. It's frustrating when you're keen to get started but hit these bureaucratic walls. Have you found any smaller firms that are surprisingly efficient with their KYB, or is it mostly the bigger players with the smoother processes?

  • u/jung_aoi· 2 pts· 4d

    I've definitely experienced that. It's frustrating when you're keen to get started and then hit a wall with archaic verification processes. It makes me wonder if these smaller firms are balancing the cost of modern KYB solutions against their operational budgets, perhaps prioritizing other areas.

  • u/naledi38· 0 pts· 4d

    Yeah, I've definitely run into that. It's frustrating when you're all set to go and then just waiting for them to catch up on the admin side. I wonder if it's partly due to smaller teams and less tech investment.

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