6
KYB Friction with Smaller PSPs for FX
Anyone else finding that smaller or newer Payment Service Providers, particularly those catering to FX desks, are increasingly bogged down in KYC/KYB? The onboarding process has become a major choke point, often taking weeks longer than initially quoted, even for well-established operations with clean records. It's making it harder to diversify payout routes and seems to be a general industry trend rather than isolated incidents.