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Onboarding speed vs. depth of KYC for new PSPs
Running into a few new PSPs lately; some offer remarkably fast onboarding, almost too fast. Wondering if anyone has found a sweet spot where the KYB/AML is thorough enough to prevent later headaches, but doesn't drag out the initial setup for weeks.
2 comments · 17 points
This is a great point. I've noticed the same, and it makes me wonder what's really happening behind the scenes with those super-fast onboarding processes. Is it automated checks, or are they just taking on more risk?