Customers want the convenience of opening a bank account in minutes from a mobile phone, and firms need to efficiently respond to this increasing customer demand for remote onboarding. These same firms are also beginning to see opportunities arise with the advent of Open Banking and PSD2. NorthRow offers innovative remote onboarding solutions to help financial firms with their complex compliance, identity and security demands, simplifying client onboarding via a single API. Learn more now.
Manual, cumbersome and drawn-out client onboarding processes require multiple communications with the customer to collect and verify different identity documents. The result? Poor client experience, a high attrition rate, lost revenue and dissatisfied customers. In this new digital environment, clients expect a seamless onboarding journey and their patience for the time-consuming nature of traditional onboarding processes is fading fast. Read latest NorthRow blog to learn more.
Innovate Finance Global Summit (IFGS), the world’s biggest FinTech event, is taking place on 29th-30th April next in the historic setting of the Guildhall in London. The conference will bring some of the world’s leading financial services institutions together with start-ups, policymakers and investors to share ideas and potential solutions some of the most pressing challenges facing the sector.
Estate and lettings agents are under increasing pressure to implement risk mitigation strategies to ensure they are compliant with AML and Right to Rent regulations. NorthRow offers leading estate agents in the UK the ability to leverage cutting- edge technology to automate AML, KYC and IDV checks, streamlining the client onboarding journey. Learn more.
The Department for International Trade (DIT) has accepted NorthRow to join their UK trade mission to Amsterdam. NorthRow was selected along with leading UK FinTechs including Currency Cloud, Cube, OakNorth and Clause Match. The mission is taking place from 13th-14th of March and will take place in Amsterdam’s main financial hub, Zuidas. Learn more.
NorthRow, a leading RegTech firm which helps regulated clients with their AML, KYC and KYB requirements, are pleased to announce that it has been selected as one of The REGTECH100’s most innovative companies for the second consecutive year. The REGTECH100 is an exclusive directory of the world’s leading RegTech companies, that have developed innovative technology solutions to help the financial services industry manage the increasingly complex and challenging regulatory environment in which they operate in. Learn More.
NorthRow has recently been acknowledged as a member of the London Mayor’s International Business Programme. This invitation-only network showcases and supports London’s high-growth entrepreneurial businesses, and provides links between them and leaders of global businesses and government organisations. learn more.
Automated KYC checks are part of the single API solution delivered by identity verification companies. They work by using a single point of entry to multiple data sets, allowing you to input your customer data once and thoroughly vet client information in your records without significant manual work.
Increasingly, financial firms are turning to external RegTech providers to supply technology to support client onboarding. Too often, suppliers offer a standardised process which covers only the core, vanilla requirements. NorthRow offers a flexible compliance solutions to clients complex clients onboarding and monitoring. Learn more.
Whether a financial institution is offering investment advice, portfolio management or providing non-advice services such as execution-only services, the relevant suitability and/or appropriateness checks must always be carried out. NorthRow has partnered with muinmos to automate client suitability and appropriateness checks. Learn more.
In today's digital world, online ID verification is a top priority for compliance and security. Trust is paramount for business success in an age where corporations are being hacked every month and some of the world's biggest websites are selling your data to the highest bidder. When working with customers, leads, partners, or employees its important that the right data is readily accessible when needed but also adequately protected. Identification must be proven sufficiently but without it being too much of an obstacle. NorthRow offers a variety of identity verification solutions to help streamline employee and customer onboarding. Learn More.
NorthRow, a leading RegTech firm, will be exhibiting at Invest Ops Europe and attending this year’s event to speak directly with Wealth and Asset Management firms to showcase how we can help them to onboard clients more efficiently while also remaining compliant. 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. Learn More.
Compliance procedures surrounding Know Your Customer (KYC) rules are putting financial firms under an increasing amount of pressure. According to a recent study, the average spend on KYC-related practices for large financial institutions increased to $150m USD last year, up from $142m USD the preceding year. Learn More.
NorthRow (a Contego solutions business), the RegTech and compliance specialist, has been chosen by the UK’s Open Banking Implementation Entity (the ‘OBIE’), to verify its users in the European Union and the rest of the world. The move follows the successful implementation of verification processes for UK users, streamlining services for customers. The new partnership will see NorthRow verify users throughout the EU and the fast-emerging markets in Asia Pacific, including: India, the Philippines and Australia/New Zealand. Read the latest press release to learn more..
NorthRow has partnered with muinmos to offer a complete automated onboarding solution for financial services. The integration enables Financial Institutions to undertake all Know Your Client (KYC) and Anti Money Laundering (AML) checks via a single API, whilst performing complete Suitability and/ or Appropriateness Assessment Checks. Request a demo to learn more..
A Digital Client Passport for financial services is a new initiative for mitigating both the operational risk and time-to-market elements that banks face. NorthRow will be a key player in contributing to the Digital Client Passport, providing a breadth of data enabling real-time intelligence via a single, easily integrated API. Download our Digital Client Passport White Paper to learn more.