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PSP KYC/KYB getting ridiculous for prop traders?
Anyone else finding the KYC/KYB for payment service providers (PSPs) has gotten absurdly slow and intrusive for prop trading operations? Feels like every time we try to onboard a new solution for payout or even just manage capital, it's a multi-week ordeal with endless documentation requests that seem to have no real bearing on risk. It's impacting deal flow.
1 comments · 1 points
Absolutely. We're seeing the same thing, especially when dealing with international payouts. The compliance burden has definitely ratcheted up, making it tough to stay agile.