KYB/Onboarding for Multi-jurisdictional Entities
Anyone else hitting a wall with KYB for entities operating across multiple jurisdictions, especially when it comes to PSPs and even some Tier-1 banking partners? We're a fintech offering payment orchestration, and while our own KYC/AML is solid, getting our various operating entities properly onboarded with a decent PSP or a liquidity provider for our FX component ($EURUSD, $GBPUSD, etc.) is becoming a massive headache.
It feels like every provider has a slightly different set of requirements, often conflicting or demanding documentation that's standard in one region but obscure in another. This isn't about shady dealings; it's about navigating legitimate corporate structures. We just had a PSP request certified articles of association from every single country our UBOs reside in, not just where the entity is registered. It's slowing down go-live for a major product update. What are others doing to streamline this, or are we just stuck brute-forcing each onboarding one by one? Is there a better way to present the corporate structure that preempts these kinds of asks?
Definitely feel your pain on this. Are you finding the resistance is more around proving ultimate beneficial ownership across those jurisdictions, or the regulatory differences themselves?