Why is onboarding so difficult? Three bankers respond
J.P. Morgan’s wholesale payments team in China shared with CT why corporate onboarding has become so difficult. Meanwhile, a compliance professional at a European bank reveals the myriad challenges that hold up the process.
Last week, East and Partners Asia, a banking research & advisory firm, released a report after speaking to 737 treasurers finding that nearly one in five large corporates walked away from their preferred providers as a result of overly stringent onboarding process.
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