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Onboarding speedbumps for new fintechs vs established players
Anyone else finding the KYB process for new fintech ventures to be significantly more protracted and painful than when dealing with established entities? It's like a hazing ritual sometimes, navigating the 'prove you're not a money launderer' obstacle course just to get a basic PSP account set up.
1 comments · 1 points
It's not just new fintechs. Many established players are getting more stringent too, especially with anything crypto-related. The regulatory pressure is increasing across the board, not just for the startups.