Streamlining IDV Checks for Open Banking
Modulr is a new Fintech that helps businesses automate reconciliation and turn chaotic cash flows and confusing payment volumes into streamlined trackable activity
NorthRow provides Modulr automated AML, KYC and KYB checks via a single RESTful API interface, helping to streamline client onboarding.
Key Benefits Include:
Real-time AML, KYC, KYB & IDV checks
Ongoing client monitoring
Managed service for enhanced due diligence
Verifiable audit trail to help ensure ongoing compliance
Key Clients Include
NorthRow’s Supports Open Banking With a Fully Managed Service
NorthRow’s platform provides a flexible, customised solution, with fully automated identity verification delivered in real-time, via a single API - essential for high-speed onboarding. NorthRow created a bespoke solution that combines automated identity checks with the added security of face-to-face verification made it the obvious choice.
The Open Banking Implementation Entity needed a fast and highly secure verification process to verify those who wish to access personal account data for third-party development work on the Open Banking network.
The streamlined process, in-line with government standards, includes:
ID verification in real-time
Mobile ID document capture
"NorthRow has been very easy to work with; they have listened and their approach is professional, transparent and consultative. Their ability to deliver a bespoke solution that combines automated identity checks with the added security of face-to-face verification made it the obvious choice. NorthRow's technology innovations made them a clear front-runner when it came to deciding what firm to team up with to securely deliver Open Banking.”
Nigel Spencer, Head of Support Services at Open Banking