iProov’s online biometric identity verification technology to be used by NorthRow for onboarding and compliance.
Press Release LONDON-11tth June —iProov, the world leader in spoof-resistant biometric authentication technology, today announced its partnership with RegTech specialists, NorthRow. The move sees iProov expand its growing partner network and extend its services into the property, professional services and FinTech sectors.
NorthRow’s deployment of iProov’s technology will enable a broad range of regulated organisations to comply with strict anti-money laundering regulations while onboarding customers and processing transactions remotely. iProov’s strong customer authentication technology simplifies this process while strengthening protection against sophisticated criminal attacks.
iProov’s Flashmark facial verification technology has been integrated into NorthRow’s flagship RemoteVerify solution, providing a Genuine Presence Assurance check for a fast, robust and compliant customer onboarding experience.
NorthRow’s growing customer base, which includes building societies, FinTechs, world-leading estate agents and employee onboarding providers, uses the platform to comply with KYC and other regulations to eliminate financial crime, to accelerate onboarding processes, and to reduce costs.
Andrew Bud, Founder and CEO, iProov said: “iProov and NorthRow share the same mission – to make it effortless for individuals and businesses to comply with complex regulations. The pandemic has proved beyond doubt that being able to verify customer identity online is not an optional extra or nice-to-have – it’s essential. The key is to make it simple and secure.”
“By adding Genuine Presence Assurance to its platform, NorthRow further enhances its great user experience and enables regulated businesses to know that each individual is the right person, a real person and that they are genuinely present right now. As online criminal activity and large-scale spoof attacks threaten organisations such as accountants, estate agents, and solicitors, they will need this more than ever.
Adrian Black, CEO, NorthRow said: “NorthRow is delighted to be collaborating with iProov, adding market-leading Flashmark facial verification technology to our RemoteVerify solution. The NorthRow-iProov partnership is a powerful combination that allows us to deliver the world’s best remote onboarding solution.”
NorthRow was founded in 2010 to accelerate the digital transformation of regulated organisations whilst preventing financial crime. Its technology solutions create friction-free client onboarding and monitoring experiences, whilst ensuring regulatory obligations are met. NorthRow’s mission is to be the partner of choice for digital transformation projects.
iProov is the world leader in online facial biometric authentication, working with governments, banks and other enterprises to remotely verify customer identity. Used for onboarding and authentication, customers include the Home Office, NHS, Rabobank, and ING. iProov’s unique patented technology provides Genuine Presence Assurance, ensuring an online customer is the right person, a real person, and authenticating right now.
Original Press Release in bobsguide 11th June 2020: iProov partners with NorthRow to improve customer due diligence in property, professional services, and financial service sectors (last accessed 11th June 2020).