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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?
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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.