Accelerating Client Onboarding for Scaling FinTechs
Burgeoning FinTech firms with a customer onboarding function, for example peer-to-peer lending or payment firms, need to be confident that they are fully compliant with the AML regulatory checks as they attempt to secure an FCA licence. As soon as they are regulated, they need a flexible, effective and efficient approach to due diligence and compliance to place them in a strong position to onboard customers and grow. By putting the correct, automated process in place from the very start, firms can avoid future headaches when they begin to scale.
Allowing FinTechs to Scale
Growing FinTech companies need a fast, reliable and flexible technology partner that can help ensure compliance requirements are being met.
NorthRow single API solutions gives FinTechs instant access to a world of international corporate entity and personal data to help facilitate more efficient client onboarding, improve compliance and reduce operational costs.
International Data Coverage
We offer an unparalleled breadth of rich data and the flexibility to incorporate data feeds from as many sources as necessary. In addition to our partnerships with leading commercial data providers, NorthRow is one of the only UK-based firms that has an intelligence sharing agreement with law enforcement agencies.
We can validate the details of over 250 million companies in real-time, from over 100 countries
We can also check company LEI data for firms subject to MiFID II
We can validate Identity Documents from over 200 Countries
We can access 180+ government registers and public records
Global PEP & Sanction Registers with over 65 Billion data records
International Address Verification over 100 Countries
Intelligence agreement with Law Enforcement partners to reduce business risk and identify forged documents
Hybrid of Automation & Managed Service for Enhanced Due Diligence
In a complex regulatory environment, NorthRow offers a range of flexible options including an Single API and Managed service for enhanced due diligence. Depending on your client onboarding workflow, you can choose the option that will best serve your business needs, or you can choose a hybrid option of both.
API: Our Single API embeds real-time data lookups and searches on companies, directors, beneficial owners, ID documents, and more, into your existing system. Once integrated, the core of the NorthRow single API is available to you – giving you direct access to over +20 trusted international data providers.
Managed Service: NorthRow’s managed service is then used for enhanced client due diligence, where automation is simply not enough. Compliance teams can use the managed service to review checks, download PDF reports and to add notes for audit and case management.
Key Benefits of NorthRow’s Solution
Key Clients Include
Read FinTech Case Studies
"After looking into various identity verification providers we have chosen NorthRow because it has the combined KYB and KYC capability we are looking for, whilst also being the best fit commercially and culturally. With NorthRow we are able to automate our checking processes and we are alerted to any changes in our customers’ status, which is critical to ensuring we fulfill our regulatory obligations and make the customer onboarding process reliable and faster."
Martin Threakall, CTO - Modulr