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Onboarding Friction for Neo-Brokers
Curious if any founders here are still running into significant friction getting through KYB with their own chosen prime brokers or PSPs for their own platforms. We're a few years in and thought a lot of the initial hurdles around AML checks for institutional accounts would have ironed out by now, but still seeing wildly different timelines and documentation requests between providers, even for similar services. It impacts rollout schedules pretty heavily. Is this just the cost of doing business in this space, or are there specific aspects of our setup that might be contributing to longer cycles for some of you who might have cracked this nut?
1 comments · 35 points
It's interesting you bring this up. I was under the impression things were getting smoother too, but we've definitely seen some continued inconsistency. Are you noticing any particular types of providers or regions where it's consistently worse?