In today’s fast-paced business environment, HR and hiring managers increasingly rely on technology to streamline their processes and improve overall efficiency. With digital right to work software, the entire recruitment and onboarding process can be dramatically improved, meaning your employees … Read More
IDV
What are the Consequences of Inadequate Right to Work Checks?
Every UK employer has a legal obligation to carry out Right to Work checks on prospective employees to prevent illegal working in the UK. Guidance issued by the Home Office expects employers to carefully and systematically verify each employee’s identity … Read More
Why Should you Automate Identity and Verification for Customer Onboarding?
ID verification is a non-negotiable element when onboarding new customers. It’s an essential part of the Know Your Business (KYB), Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. When done well, it supports the business in creating long-term customer … Read More
New! Insights from NorthRow
Knowing Your Customer is no longer sufficient. You need to be able to understand your customer in order to safeguard the business from risk exposure. … 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
Continuous Compliance: Why KYC Isn’t Enough
For a moment, let’s imagine we have achieved the Nirvana state of functional, continuous KYC. Where does that get us? Because KYC files, of themselves, are useless. They always have been. … Read More
Building Societies Digital Transformation
Digital transformation projects have been fast-tracked for Building Societies Learn more now. … Read More
NorthRow Joins Newly launched Fintech Innovation Network
Press Release -7th April – FinTech Innovation Network (FIN) has launched with over 300 featured solutions. Initially focused within the financial crime space, the platform includes profiles from organisations such as Arachnys, Dow Jones, iProov and Pegasystems. FIN provides detailed … Read More
Threat of Organised Crime Biggest Compliance Fear
Beneficial ownership verification and ongoing monitoring is now an essential component of the KYC onboarding and anti-financial crime procedures. However, peeling back the complex legal structures designed to conceal Ultimate Beneficial Ownership (UBO) represents a significant challenge. In this blog, we explore the confusion over multiple beneficial ownerships, the complexity share structures, understanding Trusts and how you minimise risk exposure when onboarding and monitoring UBOs. … Read More
Why Ultimate Beneficial Owner Verification is Important?
Ultimate Beneficial ownership verification and ongoing monitoring is now an essential component of the KYC onboarding and anti-financial crime procedures. However, peeling back the complex legal structures designed to conceal Ultimate Beneficial Ownership (UBO) represents a significant challenge. In this blog, we explore the confusion over multiple beneficial ownerships, the complexity share structures, understanding Trusts and how you minimise risk exposure when onboarding and monitoring UBOs. … Read More