Anyone else finding the onboarding process for new PSPs becoming increasingly bottlenecked by their KyC/AML departments? It feels like the lead times have doubled recently, even with all documents in order.
It's interesting you bring this up; I've been hearing similar things from colleagues in different sectors. Do you think it's due to new regulations being implemented, or something else entirely?
Yeah, I've definitely noticed that too. I wonder if it's new regulations, or if the PSPs are just swamped with new applications since the market picked up?
I'm still pretty new to this, but I've definitely noticed delays even with seemingly straightforward stuff. Is there anything we can do on our end to speed things up, or is it purely on the PSPs?