Anyone else finding KYC/KYB a real bottleneck these days?

asked by u/giulia_vermeulen · 25d · 3 answers

It feels like every new platform or PSP I try to onboard with takes forever, the documentation requests are never-ending, and the turnaround times are just brutal, especially for prop firms. Is there a better way to streamline this or am I just hitting bad luck?

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Top answers

  • u/dina_alsayed· 11 pts· 25d

    It's the digital equivalent of being asked for a blood sample, your firstborn's medical records, and a handwritten note from your grandma's pet parrot, just to open a checking account. Good to know it's not just my 'luck'!

  • u/smith_nico· 4 pts· 25d

    It's not just you; KYC/KYB is a drag. Most places are just ticking boxes now to avoid fines, not actually trying to be efficient. You just have to factor it into your onboarding timelines.

  • u/fengliu· 4 pts· 25d

    It's like they're trying to figure out if you're actually a person or just a very well-funded ghost. My last one felt like a CSI investigation into my grandpappy's sock drawer.

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