We perform automated KYC and AML checks on people, companies & ID documents, to help our clients optimise their business processes, reduce risk and to help ensure compliance
How NorthRow Helps with Compliance?
There has been an increase in compliance regulation in recent years, designed to increase market transparency, and to reduce corruption and terrorist financing.
However, this means companies across the globe have to comply with an increasingly complex regulatory environment which can put a strain on resources, not least because it can be so time consuming.
Many industries have been affected, and governments and regulators are increasing their focus on enforcement, and there has also been an increase in the size of fines imposed for those found to be non-compliant. Regulations change – often frequently – meaning governance, risk management, and compliance requirements can also change. To complicate matters further, multiple regulations may emerge or change in the same time-frame – leading to a complex matrix of impacts to systems, projects, and processes.
By performing KYC and AML checks, along with offering customer onboarding solutions and ID verification services, we help businesses to efficiently protect themselves from financial crime, from failures to comply with related legislation and from other related risks. In doing so, we contribute to reducing the social and economic damage that fraud and financial crime causes.
How We Help?
NorthRow’s comprehensive data and risk scoring platform powers real-time checks on people, companies and ID documents, helping to ensure that regulated firms remain fully compliant when onboarding their customers or employees.
1. NorthRow provides an automated compliance solution for organisations across most industries.
2. We work with wide range of commercial data suppliers and law enforcement agencies, to offer comprehensive online identity verification and AML checks.
3. We also help companies manage the complexity of onboarding and the monitoring of their customers.
4. We offer an unparalleled breadth of rich data, from multiple data sources, through an easily integrated single API.