KYC Checks Archives

12 Benefits of Using KYC Software

Posted by Chris Bourne on 26/09/2022 | Featured

Faster, easier and lower-cost digital channels have been adopted by regulated organisations to achieve new business growth. However, current regulatory requirements create a complex landscape, particularly when it comes to delivering the convenience of signing up through digital channels and the business is still using manual processes for Know Your Customer (KYC) identity verification. … Read More

Tags: Client Onboarding, KYC, KYC Checks, RegTech

What Are the 7 Biggest Mistakes Firms Are Making When it Comes to PEPs & Sanctions?

Posted by Lauren Davison on 22/02/2019 | Featured

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. … Read More

Tags: 4MLD, 5MLD, AML Checks, AML Compliance, Client Due Diligence, Client Onboarding, FinTech, KYC Checks, PEPs, PEPs & Sanctions Monitoring, Politically Exposed Persons (PEPs)

All Aboard? Streamlining Your Client Checks Amid Shifting Requirements

Posted by Chris Bourne on 31/01/2019 | Featured

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. … Read More

Tags: AML Checks, API, Brexit, Client Appropriateness, Client Due Diligence, Client Onboarding, Client Suitability and Appropriateness Checks, Complex Compliance, KYC Checks, MiFIDII, MLD5, muinmos

NorthRow to Participate at Finance Magnates, London Summit 2018

Posted by Chris Bourne on 13/11/2018 | Featured

NorthRow will be participating in this year’s event engaging directly with FX firms, banks and Wealth and Asset Managers to explore how we can help them to onboard clients more efficiently while also ensuring they remain compliant. … Read More

Tags: AML Checks, CDD, Client Appropriateness, Client Onboarding, Client Suitability and Appropriateness Checks, Compliane, Finance Magnates, KYC Checks, MiFID II, muinmos

Legal Entity Identifier (LEI) Data Added to NorthRow’s Platform

Posted by Chris Bourne on 09/11/2018 | Featured

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. … Read More

Tags: AML Checks, Client Onboarding, Compliane, Customer Onboarding, KYB Checks, KYC Checks, LEI, MiFID II

Why Do Businesses Need to Do KYC AML Checks?

Posted by Lauren Davison on 14/09/2018 | Featured

To build a strong and robust fraud-prevention system, companies need to incorporate effective anti-money laundering measures into their business processes. To do this, every company needs to know the process of how and when it should do AML and KYC checks. NorthRow works with organisations across multiple sector helping them to automated AML, KYC and IDV checks to streamline client onboarding, while helping to ensure compliance. … Read More

Tags: AML & KYC Checks, Beneficial Owner Monitoring, Complinance, Enhanced Due Diligence, Identity verification, IDV, KYC Checks, PEPs, Sanctions, UBO

NorthRow Selected for the FCA’s Regulatory Sandbox

Posted by Chris Bourne on 03/07/2018 | Featured

NorthRow, a Contego solutions business, has been selected to be part of the fourth cohort of the Financial Conduct Authority’s (FCA) Regulatory Sandbox. The Sandbox allows firms to test innovative products, services or business models in a live market environment, while ensuring that appropriate protections are in place. helps financial services organisations improve their customer onboarding experience by automating Identity Verification (IDV), Anti-Money Laundering (AML) and Know Your Customer (KYC) services was chosen following a rigorous process to meet the FCA’s suitability criteria. … Read More

Tags: AML Checks, Client Suitability and Appropriateness Checks, FCA, FCA Sandbox, FinTech, KYC Checks, MiFID II, NorthRow, RegTech, Regulations

NorthRow to Verify International Users for UK Open Banking

Posted by Chris Bourne on 24/05/2018 | Featured

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 More

Tags: Adrian Black, AML, API, Automating Compliance Checks, Competition & Markets Authority, FCA, Identity verification, KYC Checks, Nigel Spencer, Open banking, Partnership, RegTech, UK’s Open Banking Implementation Entity, Verify Users ID

NorthRow Partners with muinmos to Offer Complete Automated Onboarding Solution

Posted by Chris Bourne on 15/05/2018 | Featured

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. … Read More

Tags: AML, Asset Managers, Automating Compliance Checks, Client Suitability and Appropriateness Checks, Customer Onboarding, Identity verification, KYC Checks, MiFID II, muinmos, RegTech, Single API

5 Key Takeaways from Innovate Finance Global Summit 2018

Posted by Chris Bourne on 23/03/2018 | Featured

Innovate Finance Global Summit (IFGS) brought together over 2000 attendees, including business leaders, investors, start-ups and policymakers to discuss the future of fintech. Highlights included presentations from the likes of Lance Uggla, who told his story of founding Markit then taking the company from being worth zero to $19bn. … Read More

Tags: AML, KYB Checks, KYC Checks