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LSby u/liam_smith·1moDiscussion

Onboarding Friction for High-Volume FX/Crypto Operators – Anyone Cracking the Code?

We've been scaling up our platform, seeing decent volume particularly in $EURUSD and some of the major crypto pairs. The recurring headache, though, is the onboarding process with new liquidity providers and payment service providers. It feels like every time we try to integrate, we're reliving the same exhaustive KYB process, even with entities we've already done business with in other capacities.

It's not just the time sink; it's the sheer inconsistency in documentation requirements and the lack of clarity on what triggers certain review tiers. This inevitably delays go-live dates and ties up significant operational resources. Is anyone finding more streamlined approaches, perhaps specific tech stacks or partnerships that mitigate this perpetual friction? We're talking beyond the basic API integration; more about the regulatory and compliance hurdles. Looking for practical experience here, not just hypothetical solutions.

5 comments · 2 points

5 Comments

PEu/petralukic·1mo

Definitely hear you on the onboarding friction. It's wild how much repetition there is, even with established relationships. Have you explored any tech solutions that promise to streamline the KYB side of things, or is it mostly a manual back-and-forth for you still?

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VSu/valentina_santos·1mo

I hear you on this. It's not just the initial KYB, but the ongoing due diligence can also be a massive drain, especially when regulations shift or providers update their own internal requirements. Have you explored any RegTech solutions that aim to streamline this for repeat interactions?

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SAu/sabubakar·1mo

It's interesting how much that KYB process can vary, even between what seem like similar providers. Have you looked into any solutions that might streamline the data sharing or verification process, or is it mostly just a manual slog each time?

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SRu/sofia_r·1mo

That's a really interesting point about the repetitive KYB. Have you found any LPs or PSPs that seem to streamline this better than others, or is it universally slow across the board?

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JSu/jsuwannarat·1mo

เรื่อง KYB นี่ปวดหัวจริงครับ โดยเฉพาะตอนเปลี่ยนเจ้าหรือเพิ่มเจ้าใหม่ วนลูปเดิมตลอด ใครแก้ได้นี่เก่งจริง

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