Payment services
Accelerate compliant merchant account openings
Detect criminal activities using a digital platform that balances AML and CFT compliance responsibilities with customer experience.
How NORTHROW can help Payment service providers
Streamline onboarding
Screen clients with confidence against real-time sanctions list, PEPs, adverse media insights and watchlists.
Reduced abandonment
Quick and easy onboarding that delivers improved customer satisfaction and friction-free processing.
Compliance consistency
Meet ever-changing regulation for the payments industry and avoid costly fines with automation that removes the need for manual processes.
Achieve global compliance
Protect your payment processing company from fraud, money laundering and financial crime with access to truly global data sources.
Making onboarding easier for payment providers
Seamless onboarding that is safe and compliant
With international coverage and access to individual and company checks; ongoing monitoring; PEPs and sanctions screening for enhanced due diligence and data insights, NorthRow’s WorkStation is your comprehensive compliance platform.
KYC for payment providers
Know your customer identification
Stay ahead of competitors and verify customer identities in real-time using the latest biometric and liveness checking technology.
KYB for PAYMENT PROVIDERS
Know your business verification
From one single solution, NorthRow will deliver your KYB/AML obligations to screen and identify financial and shareholder information, as well as UBO details for even the most complex corporate structures.
Due diligence for PAYMENT PROVIDERS
Screening and ongoing due diligence
Track, monitor and receive real-time alerts of any changes in company structure, beneficial ownership, or directorships to ensure ongoing compliance to meet AML regulations.
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“NorthRow's 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 when deciding which firm to partner with to securely deliver Open Banking.”
Nigel Spencer, Head of Support Services
Open Banking
Why NorthRow...
500k+ worldwide users
173 active countries
99.99% uptime
The easiest way for payment services firms to meet AML requirements is to use WorkStation for digital verification and ongoing monitoring.
WorkStation verifies, screens, manages the results, monitors, and provides a record of all transactions for audit purposes. As a single platform, it delivers all your payment firms KYC, KYB and ongoing monitoring requirements in an intuitive end-to-end solution.
Payments KYC and KYB screening
Facilitate the complexity of compliance and reduce risk when onboarding new clients by verifying their identity and screening against sanctions lists.
Case
management
Manage each individual and company with our simple case management solution, view results and set alerts where action is required to ensure due diligence.
ID&V and Right to Work
Simplify ID&V with an easy-to-use case system which allows you to organise, update, and store information securely, and in line with GDPR and data protection regulations.
AML compliance
Keep track of your clients’ risk status using our RAG system and be alerted to any relevant changes, ensuring you meet ongoing AML compliance.
Ongoing monitoring
Automated alerts notify companies and individuals of risk profile changes, so you can keep tabs on political exposure, sanctions or adverse media mentions.
Remediation
Improve efficiency with a risk-based approach to remediation and data collection processes minimising the administrative burden placed on your team.
Ready to get started?
Book your free demo of our comprehensive AML compliance solution for payment services today.