InvestOps Europe is a leading conference that brings Heads Of Investment Operations and COO’s from leading buy-side firms across Europe together to learn about the latest technologies that are transforming the industry.
This year, the conference takes place on 17 – 18 September next, at Victoria Park Plaza, London.
NorthRow will be exhibiting at this year’s event engaging directly with Wealth and Asset Management firms to showcase how we can help them to onboard clients more efficiently while also remaining compliant.
Challenges to Client Onboarding
Due to the increasing amounts of regulation, and the time taken to onboard clients, the area remains a major headache for many Wealth and Asset Management firms. For example, a recent Thomson Reuters study concluded that average client onboarding time is now at 26 days (Source), which means almost a month passes before the client can benefit from the new relationship and before you can cement the sale by proving your worth.
How Can NorthRow Help?
NorthRow offers clients a range of options from automated regulatory compliance checks through to a managed services capability for enhanced client due diligence and on-boarding for buy-side firms.
Our platform delivers a unique combination of automated and managed Identity Verification (IDV) and Know Your Customer (KYC) services, all via a single API, to help make onboarding as frictionless as possible whilst meeting Anti Money Laundering (AML) and other compliance requirements, including MiFID II client suitability and appropriateness checks.
NorthRow’s, single API solution also supports client suitability and appropriateness checks (in conjunction with our partner munimos), enabling automated regulatory compliance checks for enhanced client due diligence and on-boarding for buy-side firms.
The automated Client Suitability & Appropriateness service has eliminated the burden of assessing MiFID II regulation that has hindered financial institutions across the globe from entering new markets, and offering new financial products.
Our platform automates the classification of clients in accordance with MiFID II and instantly determines whether an investment firm can onboard a client to trade with it in a particular service, product, or location.
Financial institutions can secure their continuous regulatory compliance, and within seconds determine whether a client can be onboarded. This significantly reduces the time of commencing a business relationship and opens up new opportunities for financial institutions in their provision of financial services around the world.
NorthRow Reduces Client Onboarding Time to Just 7 Days
One of the key benefits arising from our approach is that time to onboard a new client is reduced significantly to an average of 7 days (in our experience) leading to greater client satisfaction as well as cost savings. If you would like to learn more about how we can improve your client onboarding processes while reducing OPEX costs, visit the NorthRow team at stand 10.