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Onboarding for new payment rails – are we ever going to get consistent timelines?
It's 2024 and we're still dealing with wildly unpredictable KYB processes when trying to onboard new payment rails, especially anything in the crypto space. One provider quotes 2-3 weeks, delivers in 5. Another promises 2 days, drags it out to a month because one 'tier 2' document is slightly misaligned. This isn't just an inconvenience; it directly impacts project timelines and revenue projections. Are others seeing any improvement here, or is it still the wild west with due diligence?
1 comments · 2 points
Completely agree. It's particularly frustrating when the goalposts seem to shift mid-process. Have you found any specific KYC/AML providers or services that consistently deliver within their stated timelines, even if they're a bit longer?