7th March 2023, London, UK – A recent survey undertaken by NorthRow, the leading Know Your Customer/Business (KYC/B) and Identity & Verification (ID&V) platform, has revealed that one in five Know Your Customer onboarding checks takes over 24 hours to … Read More
eKYC stands for electronic Know Your Customer and refers to the digital process of remote, paperless process that minimises the costs and traditional bureaucracy necessary in KYC checks. eKYC uses digital identification processes with the aid of technology such as … Read More
NorthRow is pleased to announce it has received certification under the Department for Culture, Media and Sport (DCMS) UK Digital Identity and Attributes Trust Framework. The business is now approved as an IDSP (Identity Service Provider) for right to work checks. … Read More
Regulatory compliance is a business’s adherence to regulations, laws, guidelines and specifications relevant to its day to day business activities and processes. Failing to comply with these requirements can result in legal fines, loss of reputation, down time and loss of productivity, as well as imprisonment in some cases. … Read More
KYC (Know Your Customer) processes are the fundamental building blocks of any regulated entity’s AML (Anti-Money Laundering) process. Being confident that you know who you are doing business with, from day one of the relationship, is the first step to … Read More
What is a Beneficial Owner of a company? Beneficial ownership is distinguished from legal ownership, though in most cases, the legal and beneficial owners are one and the same. Legally, an ownership can be classified into two; (1) legal and … Read More
A Politically Exposed Person (PEP) is someone who is more susceptible to being involved in bribery and corruption due to their public position or function. These individuals may have been entrusted with a high-position by a community institution, an international … Read More
Each month, we take a look at the latest compliance news and insights to keep you on top of what you need to know from across the industry. In July, momentum continued to gather behind the ‘metaverse’. At Money 20/20 … Read More
Know Your Customer (KYC) is the process of verifying your customer’s identity, usually using compliance solutions and screening software. The goal is to identify the clients that are most at risk of financial crime. Verifying the identity of someone you … Read More
There is less than a week to go until Fintech’s biggest conversation, Money20/20 Europe in Amsterdam. A chance for businesses and like minded individuals to explore innovative ideas and strategies surrounding the money ecosystem, connecting with the industry’s greatest minds … Read More
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