$SME

For those operating or expanding into emerging markets, specifically LatAm or parts of Southeast Asia, how are you tackling KYC/KYB? The regulatory landscapes are evolving rapidly, but the on-the-ground reality can be tricky. We've found that strict adherence to a global standard sometimes creates significant friction for legitimate users, leading to high drop-off rates during onboarding. Conversely, trying to localize too much can open doors to AML red flags. Are there specific vendors or strategies you've found effective for balancing stringent compliance with a user-friendly experience in these regions, without incurring astronomical costs? Especially interested in approaches for entities that might not have traditional banking histories but are otherwise legitimate businesses ($SME clients).