r/deal-flow

Hey everyone, wanted to open up a discussion here. We've been looking to integrate a few new payment service providers (PSPs) for our merchant-side crypto payments, specifically for stables and a few other larger cap coins. The KYC/KYB process for these guys, particularly if you're trying to bridge traditional finance with crypto, has become an absolute nightmare. It feels like every time we think we're clear, there's another hoop to jump through or a new document requested that wasn't on the initial checklist. It's not just the time sink, but the opportunity cost of delayed launches.

Anyone else experiencing this heightened level of scrutiny and friction lately, especially when dealing with entities that handle both fiat and crypto? It feels like the regulatory landscape is making them super risk-averse, which is understandable, but it's really slowing down legitimate businesses. Would be curious to hear about your experiences, any strategies you've found to streamline things, or if you've seen particular PSPs that handle this cross-asset class onboarding more efficiently.

Anyone else finding KYC/KYB on some of these newer prop firms, particularly those processing payouts via more regional European banks, to be an absolute minefield? It's not just the document requests, which are standard enough, but the back-and-forth, the inconsistent messaging on required formats, and the delays that stretch weeks. It's impacting our ability to move capital efficiently. Is there a more streamlined solution out there, or are we stuck with this until more robust, industry-wide standards emerge for these smaller outfits? The larger players, admittedly, have this down, but their terms aren't always favorable for our specific needs.

We're setting up a new fund focused on emerging market FX, mostly spot and some forwards. We've got the regulatory side mostly sorted, but running into unexpected friction with payment processors and prime brokers for smaller ticket sizes and specific currency pairs. It feels like we're constantly justifying our flow and structure, even with a solid track record from previous ventures. Specifically, any insights on navigating KYC/B for a newly formed entity trying to access reasonable spreads for $ZAR or $BRL without getting hit with retail-level pricing? The onboarding timelines alone are becoming a significant operational drag, let alone the ongoing fee structures for low-latency access. Looking for any shared experiences or strategies.

Starting to look at new prop firms after some frustrating experiences with traditional brokerages on large block orders. Curious what others have seen regarding onboarding friction, especially KYB. Does it significantly differ in terms of documentation requirements and turnaround times compared to, say, a top-tier institutional broker? Specifically interested in any unique hurdles or streamlined processes encountered by those who've made the jump.

Anyone else hitting consistent walls with KYC/AML when trying to onboard non-US entities to US-based liquidity providers or prime brokers? The due diligence seems disproportionate to the actual trade size initially, delaying activation for weeks. It's not just the docs themselves, but the back-and-forth on interpretation and additional asks. Is there a better way to navigate this from the non-US entity side, or are certain jurisdictions just inherently more problematic for US providers to vet efficiently?

Curious if others are seeing increasing friction with KYB processes when trying to onboard with smaller, but well-capitalized, EU-based FX brokers. Specifically, the requests for UBO documentation and proof of funds seem to be getting more intrusive, often requiring multiple rounds of submissions for what should be straightforward corporate accounts. It adds significant delays to getting active and deploying capital, making me wonder if the regulatory burden is now disproportionately impacting client acquisition for these firms, or if I'm just hitting a bad run.

Anyone else finding the KYB process with some of the newer, mid-tier prop firms particularly cumbersome, especially when dealing with entities incorporated outside of standard jurisdictions? We've hit a few walls recently trying to diversify our trading infrastructure, specifically around establishing reliable payout channels and confirming the true depth of their claimed liquidity. The spreads are competitive on paper, but the actual execution against a larger order block often reveals slippage that eats into what's advertised. Curious if others have found workarounds or if it's just the current state of affairs for firms not dealing directly with Tier 1 banks.

Curious what others are seeing for turnarounds these days when engaging new LPs for specific niche pairs; some of the KYC/KYB backlogs are making initial integration testing an exercise in patience.

Hey everyone, I've been running into some unexpected hurdles lately with payment service providers (PSPs), specifically when trying to onboard for higher-volume FX transactions, especially in some less common crosses. The initial applications always seem straightforward enough, but then we hit this brick wall during the enhanced due diligence phase. It often feels like the documentation requirements keep shifting, or there's a lack of clarity on what exactly they need to see regarding the source of funds for the volume we're looking to push through.

I'm curious if others here have experienced similar friction. Is this just the new normal with AML/KYC tightening, or am I missing something fundamental in how we're presenting our operational flow? It's not just about getting approved; it's about the time sink and the opportunity cost when these processes drag on for weeks. Any insights on navigating this, or perhaps red flags to watch out for with certain PSPs during initial talks that might indicate a difficult onboarding later on?

Curious if others in the Deal Flow section are consistently seeing the same friction points I am when trying to onboard new entities, especially those dealing in what might be considered non-traditional or emerging asset classes. I'm not talking about regulatory hurdles specifically, but more the operational side with payment service providers (PSPs) and even some banking partners. It feels like many of the established institutions, even those touting 'fintech solutions,' still struggle to understand or properly risk-assess these businesses, leading to unnecessarily lengthy KYB processes, restrictive account features, or outright rejections.

We've had situations where initial conversations go well, all the necessary documentation is submitted, and then it just bogs down. Sometimes it's a lack of clarity on what information is actually needed, other times it's a clear disconnect between the sales/relationship manager and the underwriting/compliance teams. This inevitably impacts liquidity flow and ultimately the ability to execute on deals efficiently. Are others finding specific types of PSPs or banking solutions more adaptable, or is it still largely a case of brute-forcing through a fragmented and often resistant system for anything outside the very traditional asset classes?

Anyone else finding the KYC/KYB process for an EU-registered entity, particularly when dealing with brokers domiciled outside the EU, increasingly cumbersome? We've recently been trying to diversify our prime brokerage relationships, and the amount of redundant documentation, along with the varying interpretations of UBO structures and source of funds, has become a significant bottleneck. It feels like every jurisdiction has its own flavor of 'enhanced due diligence' that adds weeks to what should be a relatively straightforward setup.

We're dealing with entities that have clear regulatory oversight here in Europe, yet the perception from some non-EU providers seems to be one of perpetual suspicion. This isn't just about initial onboarding either; ongoing reviews often trigger similar requests. It starts to erode any potential benefit from competitive spreads or niche liquidity if the operational overhead of simply using the service outweighs it. Interested to hear if others are navigating similar frustrations, or if we're just hitting a particularly slow patch with a few specific institutions.

Curious if anyone else has faced significant hurdles with PSP onboarding lately, particularly for anything beyond standard e-commerce. We're running into a wall with KYC/KYB on volume for FX-related transactions, even with all documents in order. The processing times are killing potential deal flow, and some providers are just ghosting after initial contact. It feels like the compliance burden has ramped up considerably, making it tough to even get to the stage of discussing spreads or liquidity, let alone reliable payout schedules. Any strategies for streamlining this or specific red flags to watch out for with providers that cause these delays?

Starting to wonder if the pendulum on AML/KYC has swung so far it's actively hindering legitimate deal flow. We're trying to onboard with a new PSP for our EU clients, and it feels like every document we submit leads to three more requests for something increasingly obscure. At this rate, the client will have aged out before we can process their first payment. Is anyone else experiencing this level of friction, or do I just need to find a new team to manage our compliance stack?

Running into a familiar wall here and wanted to see if anyone in the 'Deal Flow' room has found genuinely efficient solutions for navigating KYC/KYB across multiple regions, specifically for a B2B prop firm model. We're talking about onboarding both individual traders and smaller institutional groups, each with their own set of domicile requirements and beneficial ownership structures. The usual suspects for PSPs and brokers all offer decent core services, but the friction point always seems to be the initial onboarding. It's not just the document collection, which is tedious enough, but the discrepancies in acceptable proof, the back-and-forth for minor details, and the sheer time lag involved in getting an entity fully greenlit. We're trying to scale and bring on talent globally, but this part of the infrastructure consistently slows our growth.

I'm curious if anyone has integrated third-party identity verification solutions that truly streamline the process, perhaps even leveraging AI in a meaningful way to accelerate compliance checks without compromising rigor. We've explored a few, but they often promise more than they deliver, or they're excellent for one region but fall short in another. It's particularly challenging when dealing with jurisdictions that have less digitized public records. Open to hearing about any strategies or specific platforms that have genuinely moved the needle for your operations in this space. The goal is to reduce the time from initial contact to live trading, improving conversion rates and overall operational efficiency.

Anyone else finding the KYB process with European payment service providers particularly glacial lately, especially for new prop firm entities? The documentation requests feel like a never-ending cycle, even with all due diligence provided upfront, and it's severely impacting our go-live timeline.

Starting to wonder if some of these prop firms are just allergic to paperwork, or maybe they’re just swamped. The onboarding process, particularly the KYC/KYB, for a few of the newer outfits has been excruciatingly slow, sometimes weeks. It makes you question their operational robustness right off the bat, especially when you're looking to deploy capital efficiently. Is this just par for the course with some of the more niche players, or am I hitting a bad patch?

Been seeing a lot of firms touting deep liquidity for exotics, but the onboarding process is an absolute nightmare. Six weeks to get KYC/AML approved, then another two just to integrate APIs. Is anyone else experiencing this drag, or is it just the smaller players I'm looking at? Seems like the legacy brokers have it locked down, but their spreads on anything non-$EURUSD are a joke. Trying to balance the need for tighter pricing with the operational overhead of a new provider. Looking for realistic timelines people are seeing from reputable but perhaps less established names in the FX space, specifically around onboarding efficiency.

It feels like I spend more time on due diligence and integration than on actual deal flow some weeks. The promise of 'seamless' payouts and 'industry-leading' spreads often translates into another six-month saga of KYB documents, API quirks, and then finding out their 'deep liquidity' for exotic pairs is about as deep as a puddle in July. You'd think after all these years, the onboarding process wouldn't still feel like a proctology exam without the benefit of actual medical professionals.

Starting to get seriously frustrated with the hoops for prop firm onboarding. Used to be you could get an account open in a few days; now it's weeks, sometimes over a month, just to get past the Know Your Business part. It's not just one firm either, seems like a systemic issue. Are we all just stuck dealing with this new level of regulatory molasses, or have some of you found ways to streamline the process? Thinking about just consolidating everything to fewer partners just to cut down on the paperwork.

มาคุยกันหน่อยครับ ผมกำลังดู PSPs (Payment Service Providers) เพื่อรองรับวอลุ่มที่เพิ่มขึ้นสำหรับธุรกิจเทรดดิ้งของเรา พอเข้าไปดูเรื่อง KYB (Know Your Business) สำหรับนิติบุคคลเท่านั้นแหละ... บางเจ้าเอกสารเยอะยิ่งกว่าขอวีซ่าไปดาวอังคาร บางเจ้าก็ดูเหมือนจะง่ายเกินไปจนน่าสงสัยว่าข้อมูลลูกค้าจะปลอดภัยจริงเหรอ หรือว่ามาตรฐานมันแตกต่างกันฟ้ากับเหวขนาดนี้เลย? โดยเฉพาะเรื่องการยืนยันตัวตนเจ้าของกิจการตัวจริง หรือ UBO (Ultimate Beneficial Owner) นี่แหละครับ บางทีข้อมูลมันก็เทาๆ ดันมีตัวแทนจากบริษัทนอกประเทศโผล่มาเป็น UBO เสียอีก มีใครเคยเจอเคสที่ต้องใช้เวลากับ KYB นานเป็นเดือนๆ หรือต้องส่งเอกสารซ้ำๆ ซากๆ เพราะระบบห่วยๆ บ้างไหมครับ หรือมีใครเจอ PSP ที่กระบวนการราบรื่น ไม่มีสะดุด แล้วแอบกระซิบให้ผมได้ไหมว่าดูจากอะไร? แค่อยากให้มั่นใจว่าเราไม่ได้กำลังเสียเวลาไปกับสิ่งที่ไร้สาระเกินไป

Anyone here have recent experience with the KYB process for setting up a new prop desk with multiple jurisdictions involved for an FX brokerage? We're finding it surprisingly slow going, particularly with the UBO verification when dealing with nested corporate structures across different regulatory frameworks. Seems like every bank/broker has a slightly different set of hoops.

Are there any best practices or specific providers that are known for a smoother onboarding experience in this context, or is it just the nature of the beast these days? We're looking at a few prime brokers and liquidity providers, and the timeframes quoted for full account activation are varying wildly, which is a concern for deployment timelines.

Curious if anyone else operating at decent volume in the crypto space is still experiencing significant friction with onboarding new brokers or payment service providers. Seems like every time we try to diversify our rails or get better spreads, we run into weeks-long KYC/KYB processes that feel like they're designed for a retail account, not a company doing consistent 8-figure monthly. It's not just the paperwork, it's the back-and-forth, the requests for docs we've already provided, the general lack of understanding from their side on what a legitimate high-frequency setup looks like. We're based in a well-regulated jurisdiction, everything's above board, yet it's still a slog every single time. Is this just the cost of doing business right now, or are there providers out there actually streamlining this for serious players?

Running a small-to-mid size prop operation, we've been trying to expand our liquidity providers and the onboarding process has become a real bottleneck. It's not just the KYC/AML, which is to be expected, but the sheer lack of standardization in data requests and the extended timelines for integration testing. We're talking weeks, sometimes months, to get properly wired in, even with established players. It feels like every new relationship is a bespoke project, consuming significant internal resources.

Are larger firms facing similar issues, or is this primarily a headache for shops our size, perhaps due to lower volume commitments? I'm curious if anyone has found effective strategies or specific providers that offer a genuinely streamlined process for new institutional clients. The drag on deal flow from this friction is becoming non-trivial.

สวัสดีครับทุกท่าน, ผมกำลังมองหา Payment Service Provider (PSP) ใหม่สำหรับธุรกิจอีคอมเมิร์ซที่เน้นตลาดต่างประเทศเป็นหลัก ตอนนี้ที่ใช้อยู่มีปัญหาเรื่องค่าธรรมเนียมที่ค่อนข้างสูงและบางทีก็มีดีเลย์ในการโอนเงินเข้าบัญชีอยู่บ้าง เข้าใจว่าเรื่อง KYC/KYB เป็นเรื่องสำคัญ แต่ถ้ามี PSP ไหนที่กระบวนการไม่ซับซ้อนเกินไปและช่วยให้ onboarding เร็วขึ้นก็จะดีมากครับ

โดยเฉพาะในเรื่องความน่าเชื่อถือของการจ่ายเงินและความเสถียรของระบบ อยากขอคำแนะนำจากประสบการณ์ตรงของทุกท่านครับว่าเคยใช้เจ้าไหนแล้วประทับใจ หรือมีข้อควรระวังอะไรเป็นพิเศษบ้างครับ? Liquidity ของ PSP ก็เป็นอีกปัจจัยที่กังวลครับ เพราะเคยเจอที่กว่าจะได้เงินก็นาน

Curious if others are seeing an increasing disconnect between the KYC/AML hurdles new counterparties are facing, particularly smaller prop firms or those looking to onboard non-traditional liquidity sources, and the actual operational benefits for larger institutions. It feels like the paperwork and verification processes have become so front-loaded and intensive that it's actively stifling new deal flow, especially for firms trying to gain access to more nuanced product offerings or competitive spreads. Are we genuinely improving risk profiles, or just creating a higher barrier to entry that ultimately limits optionality in the market? Would be interested to hear about specific bottlenecks or successful strategies for navigating this without compromising compliance.

Seriously, the hoops some payment service providers make you jump through for basic corporate onboarding are ridiculous. We're a legitimate prop shop, not some fly-by-night operation, yet it feels like pulling teeth every time. It's impacting our deal flow. Is there anyone out there who's found a PSP that actually understands institutional clients and doesn't treat KYB like a state secret?

It's 2024, and I'm still feeling like I'm sending my life story to a black hole every time I try to onboard with a new prop firm, especially those with an international footprint. You'd think with all the tech, this would be a smoother process by now. It's not just the sheer volume of docs, but the constant back-and-forth, the obscure 'we need this specific utility bill from 3 months ago' requests. I get the regulatory burden, completely, but the asymmetry between the slick marketing and the glacial, document-heavy KYB process is just… something else. It feels like they're actively trying to vet out anyone who isn't a digital native or who's moved cities in the last year. Anyone found a firm that's actually streamlined this effectively without compromising on compliance? Or are we all just resigned to the paper chase?

We've been trying to expand our PSP integrations for better geographic coverage and FX options, and the sheer time sink with multi-jurisdictional KYB, even with established providers, is becoming a real drag on our rollout schedule. Curious if this is just our experience or a broader trend impacting others trying to scale.

Curious if anyone else is still banging their head against the wall trying to onboard with various payment service providers for smaller volume operations. It feels like anything under, say, $500k monthly is treated as a suspicious activity report waiting to happen, with KYB processes that demand the blood type of my firstborn. The spreads are one thing, and I get that; risk needs to be priced. But the sheer administrative burden just to get a merchant account up and running, especially for a new venture, often makes me wonder if they even want our business. Are there any hidden gems out there for sub-$1M annual turnover that don't treat you like a high-risk illicit arms dealer, or is that just the price of doing business at this scale these days?

Hey everyone, been running into a recurring headache with some regional payment service providers lately, particularly those operating in less mature markets. The onboarding itself was a slog, but that's almost expected these days. What's becoming a real drag is the inconsistency in payout windows and, frankly, the opaque nature of their liquidity management.

We're dealing with settlement periods that stretch from the advertised T+2 to T+7 or even longer, with minimal communication beyond boilerplate responses. This isn't just an accounting nuisance; it directly impacts our operational liquidity and capacity for new deals. When a significant chunk of our daily volume is tied up, it constrains our ability to redeploy capital efficiently. I'm curious if others have found effective ways to mitigate this, perhaps through more stringent contractual terms, leveraging multiple PSPs to diversify risk, or any red flags to look for during due diligence that might indicate these types of issues down the line. It feels like a constant battle between access to a niche market and reliable infrastructure.