Blog
As part of our week-long celebration of UK FinTech Week, we took to the (virtual) streets to find out what makes the UK one of the best locations for fintechs
Published: 15th April 2024
By Natalie Davies
It’s not just about cool rockets; it’s about revolutionising finance. Through global fintech bridges, we connect continents, shaping the industry’s future.
Blog
As part of our week-long celebration of UK FinTech Week, we took to the (virtual) streets to find out what makes the UK one of the best locations for fintechs
Published: 15th April 2024
By Natalie Davies
Blog
Financial inclusion is a critical part of economic development and social progress, and its implications are profound, impacting every corner of society from individual prosperity to national economic stability.
Published: 17th April 2024
By Natalie Davies
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"One of the strongest factors is the UK’s access to diverse talent pools, both locally and internationally, which continues to fuel innovation and diversity within the sector. As the industry has continued to evolve and develop, it has welcomed new and innovative businesses to also take up location here and provide support and encouragement for growth."
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"Despite geopolitical and economic challenges, there are ‘glimmers of a tide change’ on the path to a more prosperous future. With these solid foundations in the UK’s infrastructure, ecosystem, investment and policymakers, it will continue to be a great place for fintech."
Conduct comprehensive AML screening on individuals and businesses.
Group checks into easy-access cases with a risk rating for each portfolio.
Carry out comprehensive identity and document verification checks remotely.
Keep track of potential risks to ensure ongoing AML compliance.
Automated alerts notify you of any risk profile changes to both companies and individuals.
Meet your KYC obligations and be confident that your customer data is up-to-date.
Users globally
AML checks every year
Match rate
Auto-decision rate
At present, NorthRow has a number of key data providers that it is closely coupled too. These three suppliers are used in over 90% of checks undertaken within the system.
Lexis Nexis is our core provider of UK identity and address validation data, such as credit reference agency & electoral register data.
Acuris (often referred to as C6), is our core provider of Risk data, specifically PEPs, Sanctions & Adverse media data, which is one of the most important factors our platform checks, and is used in the majority of checks within the platform.
Creditsafe is our supplier for company data. Whenever a customer looks up a company within our system, the data about that business is provided by Creditsafe
At NorthRow we take security very seriously, we adhere to the highest, rigorous standards for data, privacy and security compliance. The data you send us is only used to verify your client’s identities and businesses. We never use it for any other purpose. We send it to third parties to complete the checks, and we can share our list of sub-processors with you so that you have full transparency of how your data is used.
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
We host our services within the EU on Amazon Web Services. The data is encrypted in transit and at rest using AES-256 keys. Almost all of our sub-processors are also hosted within the EU. However, we will advise you if you need a service that is not based in the EU.
NorthRow makes use of the Amazon Web Services and Microsoft Azure to ensure we do not have a single point of failure in our architecture. All the data we hold and the services we provide are backed up at regular intervals to protect against disruption or loss of data.
From the moment we work together, we hold your hand throughout the implementation process and continue through to ‘go live’.
Excellent customer service and continued support are all part of partnering with NorthRow. You can always email our support team at support@northrow.com if you have any queries.
All customers receive a dedicated account manager who will keep in touch to ensure you get the most out of our software.
Typically, we get our clients live within 14 days of them signing a contract.
Oversee and streamline compliance processes throughout the customer lifecycle.
How NorthRow ensures continued AML compliance in the most automated, efficient and accurate way possible.