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 with several wealth and asset management firms to help ease the burden of assessing MiFID II regulation, by offering an automated client suitability & appropriateness service for firms entering new markets and offering new financial products.

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.

Wealth and asset managers can secure their continuous regulatory compliance, and within seconds determine whether a client can be onboarded. This significantly reduces the time of commencing a business relationship and opens up new opportunities for financial institutions in their provision of financial services around the world.

NorthRow automates client suitability and appropriateness checks to ease the burden of assessing MiFID II regulation when wealth and asset management firms enter new markets and offer new financial products.