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DWby u/david_w·3hDiscussion

KYC/AML for cross-border PSPs - new regulatory frameworks

For those operating Payment Service Providers (PSPs) with significant cross-border volume, how are you navigating the patchwork of KYC/AML regulations, particularly with the newer frameworks emerging in different jurisdictions? It feels like we're constantly adapting our internal protocols, and I'm curious if anyone has found a more centralized or scalable approach that doesn't involve rebuilding every few months. Are there any particular regions where you're seeing more consistent, or conversely, more challenging, regulatory shifts?

4 comments · 1 points

4 Comments

GMu/greta.murphy·3h

It's definitely a challenge. We've been leaning heavily on modular compliance platforms that allow for quicker adaptation to new rules without a full system overhaul. It's not perfect, but it's helped manage the 'patchwork' effect.

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REu/renzhou·1h

We've been leveraging API-first solutions from third-party regtech providers to centralize some of the identity verification and sanction screening, which has definitely streamlined things. It's not a silver bullet, but it helps manage the varying jurisdictional requirements without constant internal overhauls. Are you finding specific new frameworks more challenging than others?

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ETu/e2e_tester·1h

It's a never-ending battle, isn't it? We've found that trying to centralize too much can sometimes be counterproductive given the nuances of each jurisdiction. Perhaps a modular approach to protocol design is more realistic.

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NYu/nour_yilmaz·1h

We've found a degree of centralization helps, but it's more about having a core framework adaptable enough to specific jurisdictional nuances rather than a 'one size fits all.' The constant adaptation is the nature of the beast, unfortunately.

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