Single-solution KYB platforms can streamline compliance processes for payments firms by integrating multiple data sources, reducing manual checks, and enhancing operational efficiency. By centralising data and automating verifications, these systems improve onboarding speed and accuracy, ensuring complete AML compliance.
Digital Transformation
How compliance software can support your growth strategy
In this article, we explore how integrating software into your AML compliance processes can support your growth strategy. … Read More
Infographic: How technology is shaping the compliance landscape
In this infographic, we explore how technology is shaping the face of the AML compliance landscape. … Read More
From compliance to confidence: Building digital trust in AML programmes
This article provides insights on how AML programmes can help financial services firms to effectively navigate the digital landscape and instil trust in their compliance processes. … Read More
What is digital transformation and how can it impact compliance?
Digital transformation is the process of using technology to establish new — or improve existing — processes, culture, and customer experiences to meet ever-changing business and market demands. According to McKinsey & Company, a ‘well-executed, end-to-end risk-function digital transformation can … Read More
Compliance Cost of Amber Management
A world of binary results of either pass or fail, (Green or Red) would be nirvana; but that just isn’t realistic. There will always be cases that require further due diligence before you safely commit to onboard, or continue to interact with the customer, or not. Ambers are those cases that fall between the ‘accept’ or ‘decline and cause your business a challenge. … Read More
Building Societies Digital Transformation
Digital transformation projects have been fast-tracked for Building Societies Learn more now. … Read More
Why is ultimate beneficial ownership verification important?
Ultimate Beneficial Ownership (UBO) is vital for compliance and financial crime prevention. NorthRow’s tool simplifies UBO verification, enhancing accuracy and efficiency. … Read More
Remote Identity Verification
The challenge for regulated firms is to provide remote and seamlessly onboarding experiences for their clients, without compromising their security and compliance obligations. Does there need to be a trade-off between delivering compliance with speed and convenience? In this article we summaries a discussion between Adrian Black, NorthRow’s CEO, and Andrew Bud (CBE), iProov’s CEO, as they delve into this topic. … Read More
Client lifecycle KYC management: Taking a holistic approach
Client lifecycle KYC management streamlines onboarding, verification, monitoring, and remediation processes, ensuring compliance, efficiency, and enhanced due diligence, while automating tasks to improve accuracy and reduce operational costs. … Read More