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Onboarding/KYC friction points with new Prop Firms
Anyone else finding KYC/AML processes with newer prop firms becoming increasingly burdensome? The demand for utility bills, bank statements, and often a video call for proof of address is starting to feel like overkill, especially when establishing multiple accounts across different firms. This isn't just about speed, but the cumulative time drain when scaling a strategy. What's been your experience lately? Are we just seeing a tightening industry-wide or specific to certain jurisdictions/firms?
1 comments · 4 points
Definitely feel you on this. It's like every firm wants to reinvent the wheel for their onboarding, and it really adds up when you're trying to diversify. Have you noticed any particular firms being better or worse with their process, or is it pretty much across the board?