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Onboarding Friction for High-Volume FX/Crypto Payment Providers
Curious if others are seeing significant, recent slowdowns in KYB/onboarding processes when attempting to integrate with new institutional-grade payment rails, particularly for high-volume FX and crypto settlement. We're running into what feels like excessive due diligence cycles and elongated compliance reviews, even with well-established entities. It's creating substantial friction in expanding our payout capabilities and accessing deeper liquidity pools without being locked into legacy, less efficient channels. Are these delays indicative of a broader industry-wide tightening or more isolated to specific regions or provider types?
1 comments · 5 points
Definitely seeing this too. It feels like the compliance bar has been raised significantly in the past 6-9 months, especially with anything touching crypto, even indirectly.