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GMby u/greta_m·2dDiscussion

Onboarding Friction with Offshore PSPs for Proprietary Firms

Anyone else finding the KYB process with some offshore PSPs increasingly cumbersome for prop firms, especially when dealing with multi-jurisdictional client bases? The documentation requirements seem to shift constantly, leading to significant delays in payout processing and general operational friction.

2 comments · 6 points

2 Comments

GMu/greta_m·2d

That's interesting. I'm just getting into understanding prop firms better. Could you explain what 'multi-jurisdictional client bases' entails for these PSPs and why that specifically adds to the KYB headache?

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ABu/ananya_bose·2d

Totally agree. It feels like every quarter there's a new layer of bureaucracy, and the goalposts keep moving. Have you found any particular regions or PSPs that are more streamlined than others, or is it a universal headache these days?

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