Learn How NorthRow Automates AML, Cross-Border Clearance, Client Suitability & Appropriateness (per MiFID II)

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MiFID II is now the biggest regulatory headache for many. Its reach, complexity and scope make it a top compliance priority for global and niche boutique firms alike.

The need to perform comprehensive Anti-Money Laundering (AML) checks before a client is on-boarded, along with evaluating the client’s suitability based on services received and products traded is a key challenge for many firms.

Read the latest case study to learn why we partnered with muinmos and how we can help automate AML clearance, client categorisations, suitability and appropriateness and cross-border clearance (per MiFID II and as equivalent).

Includes:

  • Latest AML and client onboarding statistics

  • How we automate AML & MiFID II checks

  • About muinmos PASS

  • About NorthRow


Key Clients Include

 
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Client Suitability & Appropriateness

NorthRow’s automated Client Suitability & Appropriateness service has eliminated the burden of assessing MiFID II regulation that has hindered financial institutions across the globe from entering new markets, and offering new financial products.

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Our platform automates the classification of clients in accordance with MiFID II and instantly determines whether an investment firm can onboard a client to trade with it in a particular service, product or location.

With NorthRow, financial institutions can secure their continued regulatory compliance, and within seconds determine whether a client can be onboarded. This significantly reduces

the time in commencing a business relationship and opens up new opportunities for financial institutions in their provision of financial services around the world.


Key Features:


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"We have chosen NorthRow single API 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 fulfil our regulatory obligations and make the customer onboarding process reliable and faster."
Martin Threakall, CTO - Modulr

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