Anyone else hitting a wall with KYC/KYB for high-volume FX or crypto operations, especially when needing multiple PSPs to mitigate single-point failure? The due diligence is exhaustive and often duplicative; it's a significant drag on scaling and operational resilience.
This is something I'm starting to notice as well. Do you find certain PSPs are better or worse at streamlining the process, or is it universally slow across the board?
Yeah, it's definitely a common pain point. Have you found any particular PSPs or service providers that are better to work with on this front, or are they all pretty much the same level of bureaucratic entanglement?
The duplication of effort across PSPs is indeed frustrating. Have you explored any service providers that specialize in streamlining the KYC/KYB process for multi-PSP setups, or are you handling it all in-house?
Absolutely, it's a huge pain point. The duplication of effort across different PSPs for essentially the same due diligence is incredibly inefficient. Have you found any providers that streamline this at all, even a little bit?
This is something I've been wondering about myself. Do you find there's a particular part of the KYC/KYB process that's the biggest bottleneck, or is it more the cumulative effort across multiple providers?