We've been trying to expand our PSP integrations for better geographic coverage and FX options, and the sheer time sink with multi-jurisdictional KYB, even with established providers, is becoming a real drag on our rollout schedule. Curious if this is just our experience or a broader trend impacting others trying to scale.
It's definitely not just you. KYB has become a massive bottleneck, especially when dealing with multiple regions. The compliance burden is crushing and only seems to be getting worse.
It's definitely not just you; we've seen a noticeable slowdown and increased scrutiny on KYB for new PSPs, especially across different regions. The compliance teams seem overwhelmed.
We've definitely hit similar walls. It feels like the compliance overhead for multi-jurisdictional KYB has only intensified, particularly when dealing with newer markets or less common currencies. Have you found any particular providers or strategies that help streamline the process at all?
Definitely not just you. The move towards more robust global AML/CTF frameworks has significantly increased the overhead for corporate onboarding, especially when dealing with multiple jurisdictions and the varying compliance requirements that come with each.