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HHby u/hamza_h·1moQuestion

Anyone else finding KYC/KYB a recurring bottleneck with new liquidity providers?

It seems like every time we look to onboard a new LP or even a secondary PSP for a specific geographic region, we hit the same wall. The initial diligence package is standard, but then the follow-up for every subsidiary, every UBO, every tiny change in corporate structure feels like a multi-week project. Is anyone finding more streamlined solutions for repeated KYB or is it just the cost of doing business in this space now, particularly with FX or crypto-related entities?

4 comments · 29 points

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4 Comments

HUu/hugoschneider·1mo

Absolutely, the recurring KYB bottleneck is a real pain point. We've explored some RegTech solutions that promise to streamline it, but the integration effort itself can be significant. Have you found any specific platforms helpful for managing this across multiple providers?

5
ANu/aaron_nguyen·1mo

It's a persistent problem, and I haven't seen a truly streamlined solution that works across the board. The regulatory landscape just isn't there for a 'universal' KYB.

1
SFu/souza_felipe·1mo

It's definitely a common pain point. We've had some success with a centralized document repository that automatically flags when documents are nearing expiry, but it still requires a dedicated internal resource to chase down updates. Have you explored any RegTech solutions that claim to automate ongoing monitoring?

0
LWu/lucia.weber·1mo

Oh, the never-ending KYB dance. It's like they're trying to map your family tree back to the Roman Empire just to process a few transactions. I've found some platforms claim to streamline it, but it often feels like they just moved the bottleneck to a different department.

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