NorthRow
HQ Address
Innovation Centre, 99 Park Drive, Milton Park, Abingdon, OX14 4RY, United Kingdom
Website Address
Business introduction
Reducing compliance risk for a safer society
We perform automated KYC and AML checks on people, companies & ID documents, to help our clients optimise their business processes, reduce risk and to help ensure compliance
How NorthRow helps with compliance?
There has been an increase in compliance regulation in recent years, designed to increase market transparency, and to reduce corruption and terrorist financing.
However, this means companies across the globe have to comply with an increasingly complex regulatory environment which can put a strain on resources, not least because it can be so time-consuming.
Many industries have been affected, and governments and regulators are increasing their focus on enforcement, and there has also been an increase in the size of fines imposed for those found to be non-compliant. Regulations change – often frequently – meaning governance, risk management, and compliance requirements can also change. To complicate matters further, multiple regulations may emerge or change in the same time-frame – leading to a complex matrix of impacts to systems, projects, and processes.
By performing KYC and AML checks, along with offering customer onboarding solutions and ID verification services, we help businesses to efficiently protect themselves from financial crime, from failures to comply with related legislation and from other related risks. In doing so, we contribute to reducing the social and economic damage that fraud and financial crime causes.
NorthRow Solutions
AML Checks
Despite all the additional effort expended, manual and paper-based AML and compliance checks often result in dissatisfied customer, slow on-boarding and lost opportunities, as well as a negative impact on operational efficiency. In a competitive market customer/client onboarding processes need to be fast, straightforward and as automated as possible. NorthRow works......
business needs
view solutionAPI for Developers
KYC & AML requires organisations to perform multiple checks on different aspects of an individual. They will need to cross-check data on both individuals and companies, combining results from multiple sources, efficiently and accurately. With NorthRow you have a single API that provides all the services required, reducing time to implement......
business needs
view solutionClient Suitability and Appropriateness Checks
Suitability and appropriateness, as applicable, has to be assessed against a clients’ investment knowledge, their experience, their financial status and their investment objectives. In order to be compliant, investment firms have to obtain the necessary information from clients based on their classification, the service they want to receive and the......
business needs
view solutionCustomer Onboarding
NorthRow simplifies and improves the customer onboarding process by taking the pain out of regulatory background checks. Our platform makes the process faster because our customers have access to all the datasets they need in one place. Data is only inputted once via onboarding workflow forms which can then be automatically populated.......
business needs
view solutionDigital Client Passport
This breadth of data enables NorthRow to provide real-time intelligence via an easily integrated, single API. It also helps to address the complexity of onboarding and monitoring customers and creates a dynamic digital passport on any counterparty, encompassing all components of Know Your Customer (KYC) and Anti Money Laundering (AML)......
business needs
view solutionKYC Checks
NorthRow’s agile technology hosts an extensive breadth of data greater than that offered by single suppliers and we are one of the only firms to have an intelligence-sharing agreement with law enforcement agencies. Our technology-led approach ensures a thorough check is executed using multiple steps to ensure even advanced risk......
