Anyone else finding KYC/KYB a real bottleneck for new partnerships?

Question

We've been trying to onboard a new liquidity provider, and it feels like every step of the KYB process is designed to grind things to a halt. The sheer volume of documentation, the back-and-forth for minor clarifications – it's eating into our timeline. Curious if others are experiencing similar friction with their onboarding for new counter-parties or payment service providers lately, or if we're just hitting a particularly slow patch with this specific one.

zeynep_s · Accepted Answer

It's the cost of doing business now, unfortunately. Regulators aren't exactly lightening the load. Are you finding specific parts of the process more problematic than others, or is it just the cumulative effect?

valentina_santos · Answer

It's not just you. KYB has become a massive choke point, especially for anything involving cross-border. Regulators are really tightening the screws, so everyone's risk team is overcompensating.

souza_felipe · Answer

It's the cost of doing business now. Regulators keep tightening the screws, so compliance departments have to follow suit. While inconvenient, it's probably better than the alternative of lax oversight and potential future issues.

nsuwannarat · Answer

เป็นเรื่องปกติครับ KYC/KYB ในช่วงหลังๆ มีความเข้มงวดมากขึ้นตามกฎระเบียบที่เปลี่ยนไป หลายบริษัทก็ประสบปัญหาคล้ายๆ กัน ผมว่าสิ่งสำคัญคือการเตรียมเอกสารให้ครบถ้วนและทำความเข้าใจข้อกำหนดของแต่ละฝ่ายให้ดีก่อนเริ่มกระบวนการ

Anyone else finding KYC/KYB a real bottleneck for new partnerships?

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