Onboarding Friction for Multi-Jurisdictional PSPs and Liquidity Providers
Curious if anyone else is regularly running into significant KYC/AML friction when attempting to onboard new PSPs or liquidity providers, especially those with operations spanning multiple major regulatory jurisdictions. We've seen a noticeable uptick in the length and complexity of due diligence processes over the last 12-18 months. It seems like the compliance teams are constantly re-evaluating risk profiles, which is understandable, but it's now often delaying integration timelines by weeks, sometimes months. Are others finding it equally challenging to get through initial onboarding, or are there specific providers out there who've streamlined this without compromising their own internal checks? Trying to gauge if this is a universal industry trend or if we just keep hitting the more conservative players. The impact on time-to-market for new payment rails is becoming a real drag.
Absolutely, we've experienced the same. It feels like the regulatory landscape is shifting under our feet, with each jurisdiction adding new layers, making the multi-jurisdictional onboarding a real bottleneck. I wonder if this trend will continue to accelerate or eventually stabilize as frameworks mature.