Accountancy
Easy AML & KYC compliance for accountancy firms
Provide a friction-free experience for your clients with digital onboarding, whilst maintaining compliance, allowing you to focus on growing your business.
How NorthRow helps Accountancy firms
End-to-end compliance
Welcome clients faster with reduced friction. Deliver accurate results from ongoing screening for PEPs, sanctions and adverse media monitoring.
Reduced abandonment
Improved customer onboarding to achieve improved satisfaction and friction-free processing to reduce the risk of abandonment.
Automate manual processes
Use automated processes to reduce human error, comply with changing financial regulations and a consistent approach for auditing.
Minimise complex client risk
Reduce the time it takes to screen for UBOs on a global scale and highlight complex cases that require further investigation.
KYC, KYB and due diligence for ACCOUNTANCY FIRMS
Conduct robust KYC remotely
Accountants need to keep up with changing requirements both in terms of regulation, and the way their clients and staff want to work. NorthRow delivers automated KYC from anywhere and reduces time-consuming, inconsistent, resource-heavy manual checking processes.
KYC for accountancy firms
Know your customer identification
Combine your manual processes and disparate systems into one single place. Improve productivity across your KYC compliance team with automation - all from a single view.
KYB for accountancy firms
Know your business verification
Reducing the average onboarding time, from days to hours, will reduce abandonment rates. A frictionless experience from one single solution delivers KYB/C and AML obligations. Screen and identify financial and shareholder information, as well as UBO details for even the most complex of business structures.
Remediation for accountancy firms
Remediation and enhanced due diligence
Remediation projects can be costly in time and resources. Efficiently update your existing customer base with our automated and scalable solution, no matter how complex your KYC remediation project.
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“NorthRow's ability to deliver a bespoke solution that combines automated identity checks with the added security of face-to-face verification made it the obvious choice when deciding which firm to partner with to securely deliver Open Banking.”
Nigel Spencer Head of Support Services
Why NorthRow...
500k+ worldwide users
173 active countries
99.99% uptime
Accountants can boost their confidence in meeting compliance requirements by replacing legacy processes with an automated solution. WorkStation provides digital verification and ongoing monitoring for compliance teams across the accountancy sector.
It speeds up compliance processes with real-time quality results. It reduces the risk of human error, fraud risk and poor results from out-of-date data. All cases are dynamically updated to show a clear audit trail for internal and external audit purposes.
KYC and KYB screening
Facilitate the complexity of compliance and reduce risk when onboarding new clients by verifying their identity and screening against sanctions lists.
Case
management
Manage each individual and company with our simple case management solution, view results and set alerts where action is required to ensure due diligence.
Efficient ID document verification
Simplify ID&V with an easy-to-use case system which allows you to organise, update, and store information securely, and in line with GDPR and data protection regulations.
AML compliance
Keep track of your clients’ risk status using our RAG system and be alerted to any relevant changes, ensuring you meet ongoing AML compliance.
Ongoing monitoring
Automated alerts notify companies and individuals of risk profile changes, so you can keep tabs on political exposure, sanctions or adverse media.
Remediation
Improve efficiency with a risk-based approach to remediation and data collection processes minimising the administrative burden placed on your team.
Ready to get started?
Book your free demo of our comprehensive AML compliance solution for accountancy firms today.