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.
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.
There is still a great deal of confusion surrounding the client due diligence process.One area that causes the greatest confusion relates to the 4MLD approach to Politically Exposed Persons (PEPs) and Sanctions checks on individuals and entities. The following represent 7 main misconceptions relating to PEPS and Sanctions Compliance. Learn More.
KYC/IDV checks for onboarding clients cover a lot of ground. Firms need to assess against requirements for anti-money laundering, categorisation, suitability and appropriateness across a multiplicity of countries with different laws and regulatory regimes. NorthRow can simplify and streamline your client onboarding amid shifting requirements. Learn More.
We have recently added Legal Entity Identifier (LEI) data to the NorthRow platform. All investment and trading firms subject to MiFID II will now be able to access LEI data through NorthRow's Single API as part of a Know Your Business check (KYB), helping regulated firms to streamline client and entity onboarding.
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.
At NorthRow we have added new functionality to help improve and simplify international company monitoring for our clients. We have increased our international data coverage and the company status/events or changes that we can now track, monitor and alert you of to help ensure your business remains AML compliant. Request more information demo.