r/deal-flow

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?

Anyone else finding the Know Your Business (KYB) process with newer Payment Service Providers (PSPs) increasingly cumbersome, especially when trying to onboard for higher volume or less conventional business models? We've been looking at a few alternatives to our current setup for processing $EURUSD and $GBPUSD flows, primarily to optimize for tighter spreads and faster settlement, but the compliance hurdles feel like they're designed for startups with zero transaction history, not established SMEs with years of audited financials. It's a significant time sink for the finance team.

Anyone else feeling like the onboarding process with some of these 'modern' brokers and payment service providers is just an exercise in bureaucratic torture? I get it, KYC/AML is essential, we're all playing by the rules, trying to keep the bad actors out of the sandbox. But seriously, the hoops some outfits make you jump through, it's enough to make you question if they actually want your business.

I'm talking about submitting the same document three times because 'the system glitched,' waiting weeks for verification only to be told an obscure utility bill from a decade ago isn't sufficient, or the classic 'send a selfie holding your passport and today's newspaper, but make sure the newspaper is from an approved list and the lighting is just so.' It's like they're actively trying to identify who has the most patience, not who has the clean funds. Makes me wonder sometimes if the actual deal flow we're trying to generate is worth the upfront administrative headache. Any war stories or surprisingly smooth experiences out there? Always curious to hear how others navigate this particular brand of fun.

Anyone else finding the KYB process particularly drawn out and cumbersome with some of the newer, smaller payment service providers trying to integrate crypto payouts? The due diligence seems disproportionate to the transaction size we're discussing.

Anyone else finding that the promised onboarding times for new payment service providers are increasingly diverging from reality? We're consistently seeing 4-6 weeks for full KYB and integration, even with all documents ready and clear communication, which really bottlenecks expansion plans. Is this just the new normal, or are some firms still able to deliver a faster turnaround without sacrificing compliance rigor?

Anyone else finding KYC/AML processes particularly drawn out when trying to onboard with prop firms lately? Seems like a few of the larger ones are taking weeks just to clear initial documentation, holding up potential capital deployment. Wondering if it's new regulatory pressure or just increased demand bogging down their back office.

Curious if others in the 'Deal Flow' room are experiencing similar issues. We're a mid-cap prop firm, active in several spot and derivatives markets, and have been looking to expand our crypto liquidity venues. The actual deal terms once we get to that stage are usually fair, but the pre-onboarding KYC/KYB and technical integration process has become a real bottleneck. We've had several instances where we're stuck in weeks of back-and-forth for what should be straightforward documentation, or the tech teams on the exchange/prime broker side are incredibly slow to respond regarding API access and testing. It's especially frustrating when trying to establish multiple redundant pathways. Is this just the new normal, or are there specific strategies or types of providers that seem to smooth this process more effectively? We're talking established names, not fly-by-nights, but the internal processes seem cumbersome even for them.

Anyone else hitting major friction points with institutional-grade crypto liquidity providers lately? Seems like KYC/KYB for anything beyond basic spot trading on a major exchange is a multi-week ordeal, even with a clean corporate structure and established track record. We're looking at moving some decent size in $BTC and $ETH, and the process just feels overly protracted for the volume. Are the compliance teams genuinely swamped, or is this just the new baseline for onboarding larger accounts? Wondering if there are specific providers that are genuinely streamlined for mid-cap firms without sacrificing security or reasonable spreads, or if this is just the cost of doing business right now.

Anyone dealing with the onboarding headaches when setting up a new fund or a SPV that needs to accept payments from a bunch of different, sometimes obscure, payment rails? We're finding it a real slog to get through KYB with some of the larger PSPs who just aren't set up for anything outside the major card networks or typical bank transfers, especially for smaller initial ticket sizes that scale up. Curious how others are navigating this without building out their own bespoke infrastructure from scratch.

Anyone else finding a noticeable bifurcation in prop firm offerings lately? Seems like you either get lightning-fast onboarding/KYB but then pay for it with slightly wider spreads on your core pairs ($EURUSD, $XAUUSD particularly), or you're stuck in a multi-week grind for compliance only to land on tighter pricing. Is the market segmenting this aggressively, or am I just hitting a string of extremes? The opportunity cost of waiting feels higher than the spread difference sometimes, especially with current volatility. Thoughts on how you weigh those two factors when evaluating new liquidity providers or prop opportunities?

Curious if others are experiencing similar headaches. We've been noticing a definite slowdown and more scrutiny on payout requests from a few of our primary brokers and PSPs over the last quarter. It's not a volume issue, more like new layers of verification popping up. Wondering if this is industry-wide tightening or just a specific set of providers. It's starting to impact our operational liquidity planning.

We're currently navigating some persistent issues with our FX liquidity providers, specifically around payout reliability and inconsistent spread during volatile periods. The onboarding process was a beast, as expected, but it feels like we're constantly fighting for better execution or clarity on settlement. For those running larger volumes, are there specific infrastructure setups or criteria you've found to be a game-changer when vetting new partners beyond just the quoted fees? I'm curious if we're missing an angle in our due diligence that could smooth out these operational kinks down the line, especially with $EURUSD and $GBPUSD pairs. Any insights on how to push past the initial 'sales pitch' and get to the real performance metrics would be incredibly helpful.

Curious if others here have encountered increasing friction with onboarding to prop trading firms, particularly those based in Europe or outside the US, when operating from the States? I'm finding the KYB process is becoming a significant hurdle, with more stringent requirements around proof of address, source of funds, and general identity verification. It's not just the amount of documentation, but the back-and-forth, often with non-standard requests that bog things down for weeks.

Is this simply a sign of the times, with increased regulatory scrutiny across the board, or are some firms just better equipped to handle international clients? What specific issues are you running into, and have any of you found a smoother path or best practices for navigating this effectively?

ช่วงนี้กำลังมองหา Payment Gateway เจ้าใหม่มาเสริมระบบน่ะครับ มีใครพอจะแชร์ประสบการณ์เรื่องความสม่ำเสมอในการจ่ายเงิน หรือเรื่องขั้นตอน KYC/KYB ที่ไม่ซับซ้อนมากนักบ้างไหมครับ เจ้าปัจจุบันมีปัญหาดีเลย์บ่อยจนเริ่มไม่ไหว

Starting to onboard a new entity for some specific market access and finding the KYB process more cumbersome than usual. It's a prime broker relationship, so I expect a certain level of diligence, but the back-and-forth on documentation, particularly around UBOs and source of wealth, seems to be dragging on for weeks. We've got everything pristine on our end, yet each submission seems to generate a new set of questions, often with what feels like redundant requests.

Anyone else experiencing a particularly slow or friction-filled onboarding with major prime brokers or payment service providers lately? Is this just the new normal with increased regulatory scrutiny, or are some institutions simply less efficient than others in their compliance departments? It impacts our ability to capitalize on immediate market opportunities, and frankly, the opportunity cost is starting to add up. Curious about others' recent experiences or any tips on streamlining these processes from the client side.

It feels like every new payments partner we onboard takes weeks just to get through basic compliance checks, even with all documents in order. The back-and-forth is draining.

ช่วงนี้กำลังพิจารณา Prop Firm ที่เน้นตลาด FX กับ Indices เป็นหลัก พวกที่มีสเปรดต่ำ และให้ Leverage ที่ค่อนข้างสมเหตุสมผล ดูอยู่หลายที่ส่วนใหญ่ก็จดทะเบียนในยุโรปหรือ UK ปัญหาที่เจอคือขั้นตอน KYB มันยิบย่อยมาก บางที่ขอเอกสารซ้ำซ้อน แถม Process ช้ามาก ยิ่งกว่าตอนเปิดบัญชีธนาคารอีก ไม่แน่ใจว่าคนอื่นๆ ที่เคยมีประสบการณ์กับ Prop Firm เหล่านี้ เจอปัญหาคล้ายกันไหม หรือมี Firm ไหนที่กระบวนการราบรื่นกว่าปกติบ้าง แชร์ประสบการณ์หน่อยครับ

It feels like every new prime broker or PSP onboard now wants your grandmother's maiden name, your first pet's blood type, and a signed affidavit from a unicorn. The compliance overhead just to get a new liquidity pipe open is becoming absurd, eating up weeks.

Anyone else finding the Know Your Business (KYB) process with payment service providers (PSPs) for larger FX flows increasingly cumbersome? Seems like every year the documentation requirements escalate, especially around UBOs and source of funds, even for established entities with clean records. It's creating significant delays in getting new merchant accounts stood up, directly impacting time-to-market for new strategies. Curious if others are experiencing similar friction and if any workarounds or specific PSPs are proving more efficient for high-volume, low-margin FX operations.

Curious to hear about others' experiences lately regarding the onboarding timeline and the sheer volume of KYC/AML documentation requested when setting up new institutional accounts, particularly for anything involving significant liquidity like prime brokerage or dedicated payment channels. It feels like the goalposts are constantly shifting, with a new requirement surfacing just as you think you're clear. We recently went through a process with a new PSP that took over six weeks, largely due to back-and-forth on source of funds for corporate capital. Any strategies people have found effective in streamlining this, especially with counterparties that aren't inherently tech-forward?

We've been scaling up our fund's allocation towards a few emerging market strategies, specifically in LATAM and APAC, which has led to a significant increase in offshore limited partners. The KYB and AML checks, particularly for entities in less 'transparent' jurisdictions, have become a major bottleneck. Our current PSP seems to be struggling with the nuances, leading to extended onboarding times and, frankly, some frustrated LPs. I'm curious if others dealing with a similar LP profile have found specific payment gateways or intermediary banks that are more adept at handling complex international KYB/AML without causing a several-week delay, or if there are any specific practices that have streamlined this process for you. We're talking about meaningful capital here, and the friction is starting to impact deal flow.

We're scaling our crypto on/off-ramp and running into some significant friction with PSPs on the KYB side, especially with volume limits and extended hold times for larger transfers. Seems like every solution we explore has a different interpretation of beneficial ownership for trusts or series LLCs, and the compliance review cycles are killing our velocity. Has anyone found a sweet spot with a PSP that truly understands crypto businesses and can handle high-volume fiat rails without constant back-and-forth on basic entity structures?

Been going through the motions with a new prime broker for some enhanced liquidity access, and honestly, the KYB process feels like an audition for a spy thriller. Documents requested three times, then slightly different versions requested again. AML checks that make me wonder if they think my granny's pension fund is actually a front for drug money. It's not just this one; seems like every time you try to onboard with a new counterparty, you add another three weeks to the timeline and a new gray hair to your collection. Is anyone actually having a smooth, quick experience with new partnerships, or is this just the new normal for serious deal flow these days? Feels like the friction is starting to outweigh the perceived benefits on some of these smaller plays. Would love to hear if others are navigating this bureaucratic labyrinth with more grace than I am.

Anyone else hitting major walls trying to onboard new entities across different regulatory landscapes for basic payment processing or brokerage access? It feels like every new jurisdiction adds another 3-4 weeks to the KYC/KYB dance, even with a clean corporate structure and no suspicious activity. We’re talking about basic merchant accounts, not opening a nuclear power plant. The documentation requests are often redundant between providers, and the back-and-forth for minor clarification is painful. Is there a trick I'm missing, or is this just the price of doing business globally now? Seems like a bottleneck that everyone claims to be solving with 'AI' but still takes an eternity in practice.

Anyone else hitting a wall with KYB processes lately when trying to get set up with a new prop trading outfit? It feels like the paperwork is getting more dense than an SEC filing, even for relatively standard setups.

Anyone else hitting major headwinds lately with onboarding new corporate entities, especially those with multi-jurisdictional ownership structures, for prime brokerage or even basic merchant services? The KYB requirements seem to be getting exponentially more complex, with some providers essentially demanding full transparency on UBOs several layers deep, even for regulated funds. It's slowing down deal flow significantly, and I'm curious if this is an industry-wide trend or if some regions/providers are managing this more efficiently.

It's 2024, and yet some of these financial institutions still manage to make the onboarding process feel like I'm applying for top-secret clearance. The amount of back-and-forth for basic KYB documents is truly something to behold, often requiring obscure documents that seem to exist purely to frustrate. Anyone else feel like they're building a legal brief just to open a simple trading account?

Anyone else finding KYC/KYB for an EU-registered trading entity to be an absolute minefield when trying to onboard with non-EU based liquidity providers? The documentation requirements seem to multiply, leading to weeks of back-and-forth and significantly delaying market access.

Anyone else hitting major friction getting institutional-grade KYB/AML sorted for larger OTC block trades, especially with newer altcoin exposure? It feels like every new counterparty has a completely different document request list, and the process drags for weeks. Curious if anyone's found a streamlined approach or a particular type of firm that excels here.

Curious if others are seeing increased friction and extended KYB timelines when onboarding new institutional FX prime brokerage or clearing relationships, particularly those catering to prop firms. The compliance burden feels like it's doubled in the last year.