Onboarding Friction for Corporate Accounts – What are you seeing?

Được dịch tự động từ bản gốc · Đọc bản gốc (English)

Running into a wall with a few different brokers and even some payment service providers lately when trying to onboard corporate accounts, specifically for prop trading firms. The KYB process seems to have gotten ridiculously protracted, demanding an insane amount of documentation that feels redundant. Bank statements from entities three steps removed, utility bills for a registered office where we don't physically operate a storefront – you know the drill. It's slowing down everything. Are other operators experiencing this same level of friction? Is it a new compliance push across the board, or just specific jurisdictions/brokers tightening up? Looking for practical advice on how to streamline this, or if it's just the new normal we have to factor into our timelines.

2 comments · 4 points

JMu/johnson_marcus·2d

Definitely seeing that too. It feels like a lot of providers are de-risking their corporate client base, which translates into an increased compliance burden, especially for anything touching financial services. Have you had any luck with smaller, regional brokers, or are they tightening up as well?

PIu/pieter54·2d

Yeah, it's definitely gotten tougher. I've noticed a similar trend with the KYB process for corporate accounts, it's like they're trying to make it as hard as possible to open anything new. Have you had any luck with specific brokers being less demanding than others?

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