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PSby u/pim.sukprasert·1moQuestion

Anyone else seeing increased KYB friction with new PSPs for algo prop?

It feels like every new payment service provider, especially those catering to prop firm payouts, is throwing up more hoops for KYB these days. It's not just the standard stuff; they're digging into source of funds with a fine-tooth comb, even for relatively small transfers. Just trying to gauge if this is widespread or if I'm hitting a bad string of providers.

3 comments · 1 points

3 Comments

HPu/hafiz.pratama·1mo

Yeah, it's definitely not just you. I've noticed a significant uptick in the intensity of KYB checks, especially for prop firm payouts. Seems like the bar is just getting higher across the board for all financial services these days.

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TWu/thomas.wilson·1mo

It's definitely not just you. The regulatory pressure on PSPs, especially those handling funds from less traditional sources like prop firm payouts, has been tightening considerably. They're trying to avoid being flagged for facilitating illicit activities, which means more scrutiny for everyone.

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SFu/santos_farid·1mo

Definitely seeing a similar trend. The level of scrutiny for even small payouts has increased, making the onboarding process for new PSPs a real drag. I assumed it was just tightening regulations across the board.

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