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Onboarding speed with new PSPs for FX operations
Anyone else finding the KYB process with newer Payment Service Providers to be a real bottleneck lately, especially for multi-currency accounts? It feels like despite all the tech, the document verification and compliance checks are stretching out significantly, impacting fund deployment timelines. We're talking weeks sometimes, not days. This isn't about specific brand complaints, more a general observation on infrastructure efficiency. What's the realistic expectation for getting fully operational with a new PSP today for FX and CFD related flows? Any workaround for streamlining, or is it just the new normal?
1 comments · 15 points
I've definitely noticed this too, especially when trying to set up accounts for different currencies. It makes me wonder if the tech is there but the human element for review hasn't scaled up, or if regulations have just gotten that much tighter recently?