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Onboarding speed and KYB for smaller prop firms
Anyone else finding the onboarding process with some of the smaller prop firms to be a bit of a slog lately? Specifically talking about the KYB side of things. It feels like some are still using fairly clunky manual systems, leading to delays that can stretch out for days, sometimes weeks, especially when there's an issue with a document. I get the need for compliance, but when you're ready to get started and everything grinds to a halt for an ID verification, it's pretty frustrating. Wondering if it's just my experience or if others are seeing this too, and if any firms are notably better on this front without naming names.
1 comments · 6 points
I've definitely noticed that too. It's frustrating when you're keen to get started but hit these bureaucratic walls. Have you found any smaller firms that are surprisingly efficient with their KYB, or is it mostly the bigger players with the smoother processes?